Xcel Energy Inc. $XEL Shares Purchased by RWC Asset Management LLP

RWC Asset Management LLP boosted its holdings in shares of Xcel Energy Inc. (NASDAQ:XEL) by 8.8% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 143,959 shares of the company’s stock after buying an additional 11,654 shares during the period. RWC Asset Management LLP’s holdings in Xcel Energy were worth $10,146,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of XEL. BlackRock Inc. acquired a new stake in Xcel Energy during the 2nd quarter worth about $4,890,136,000. State Street Corp increased its holdings in shares of Xcel Energy by 4.8% in the 2nd quarter. State Street Corp now owns 38,896,012 shares of the company’s stock valued at $3,145,176,000 after purchasing an additional 1,770,356 shares during the period. Bank of America Corp DE lifted its position in shares of Xcel Energy by 1.7% in the second quarter. Bank of America Corp DE now owns 29,933,748 shares of the company’s stock worth $2,403,680,000 after purchasing an additional 491,937 shares in the last quarter. GQG Partners LLC purchased a new stake in shares of Xcel Energy in the second quarter worth approximately $891,688,000. Finally, Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in shares of Xcel Energy during the second quarter worth approximately $708,086,000. 78.38% of the stock is owned by hedge funds and other institutional investors.

Xcel Energy Stock Down 1.1%

XEL traded down $0.85 during midday trading on Friday, hitting $78.05. 3,988,682 shares of the company’s stock traded hands, compared to its average volume of 5,603,128. The company has a debt-to-equity ratio of 1.49, a current ratio of 0.70 and a quick ratio of 0.62. The company has a market cap of $48.75 billion, a PE ratio of 21.38, a price-to-earnings-growth ratio of 2.62 and a beta of 0.36. The stock’s fifty day simple moving average is $74.68 and its 200-day simple moving average is $77.86. Xcel Energy Inc. has a one year low of $68.72 and a one year high of $84.23.

Xcel Energy (NASDAQ:XEL) last posted its earnings results on Wednesday, July 29th. The company reported $0.93 EPS for the quarter, topping the consensus estimate of $0.79 by $0.14. Xcel Energy had a net margin of 15.28% and a return on equity of 10.65%. The company had revenue of $3.12 billion during the quarter, compared to the consensus estimate of $3.54 billion. During the same period in the previous year, the firm posted $1.59 earnings per share. The company’s revenue for the quarter was down 5.1% compared to the same quarter last year. As a group, equities analysts anticipate that Xcel Energy Inc. will post 4.13 earnings per share for the current fiscal year.

Xcel Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 20th. Shareholders of record on Tuesday, September 15th were issued a dividend of $0.5925 per share. This represents a $2.37 annualized dividend and a yield of 3.0%. The ex-dividend date was Tuesday, September 15th. Xcel Energy’s dividend payout ratio (DPR) is 64.93%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Morgan Stanley boosted their price objective on shares of Xcel Energy from $83.00 to $85.00 and gave the company an “equal weight” rating in a research report on Wednesday. Truist Financial lowered their price target on shares of Xcel Energy from $88.00 to $87.00 and set a “buy” rating on the stock in a report on Wednesday, October 14th. Weiss Ratings lowered Xcel Energy from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday. HSBC assumed coverage on Xcel Energy in a research report on Thursday. They set a “buy” rating and a $89.00 price objective for the company. Finally, Wall Street Zen upgraded Xcel Energy from a “sell” rating to a “hold” rating in a research note on Saturday, September 26th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, Xcel Energy presently has an average rating of “Buy” and a consensus price target of $90.21.

Xcel Energy Profile

Xcel Energy Inc is a public utility holding company that provides electricity and natural gas services to residential, commercial, and industrial customers. Its operations include the generation, transmission, distribution, and sale of electricity, as well as the distribution and sale of natural gas.

The company serves customers across Colorado, Michigan, Minnesota, New Mexico, North Dakota, South Dakota, Texas, and Wisconsin through operating companies including Northern States Power, Public Service Company of Colorado, Southwestern Public Service Company, and NSP-Wisconsin.