PBU The Pension Fund of Early Childhood & Youth Educators Makes New Investment in Xcel Energy Inc. $XEL

PBU The Pension Fund of Early Childhood & Youth Educators acquired a new position in Xcel Energy Inc. (NASDAQ:XEL) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 115,891 shares of the company’s stock, valued at approximately $8,560,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. grew its holdings in Xcel Energy by 2.7% in the third quarter. Vanguard Group Inc. now owns 76,725,720 shares of the company’s stock worth $6,187,929,000 after purchasing an additional 2,001,018 shares during the period. Cibc World Market Inc. purchased a new stake in Xcel Energy in the third quarter worth about $6,994,000. BI Asset Management Fondsmaeglerselskab A S grew its holdings in Xcel Energy by 86.6% in the third quarter. BI Asset Management Fondsmaeglerselskab A S now owns 41,406 shares of the company’s stock worth $3,339,000 after purchasing an additional 19,214 shares during the period. USA Financial Formulas grew its holdings in Xcel Energy by 491.3% in the fourth quarter. USA Financial Formulas now owns 21,435 shares of the company’s stock worth $1,583,000 after purchasing an additional 17,810 shares during the period. Finally, Citigroup Inc. grew its holdings in Xcel Energy by 135.3% in the third quarter. Citigroup Inc. now owns 2,017,717 shares of the company’s stock worth $162,729,000 after purchasing an additional 1,160,205 shares during the period. Hedge funds and other institutional investors own 78.38% of the company’s stock.

Xcel Energy Stock Performance

Shares of XEL stock opened at $79.04 on Friday. The company has a quick ratio of 0.68, a current ratio of 0.77 and a debt-to-equity ratio of 1.45. The company has a 50 day moving average price of $79.81 and a 200-day moving average price of $78.51. Xcel Energy Inc. has a 52 week low of $65.21 and a 52 week high of $84.23. The firm has a market capitalization of $49.34 billion, a PE ratio of 22.78, a P/E/G ratio of 2.05 and a beta of 0.39.

Xcel Energy (NASDAQ:XEL) last released its quarterly earnings data on Wednesday, April 29th. The company reported $0.91 earnings per share for the quarter, meeting the consensus estimate of $0.91. Xcel Energy had a net margin of 14.14% and a return on equity of 10.37%. The firm had revenue of $4.02 billion during the quarter, compared to analysts’ expectations of $4.21 billion. During the same period in the previous year, the company earned $0.84 earnings per share. The firm’s quarterly revenue was up 2.9% on a year-over-year basis. As a group, equities research analysts expect that Xcel Energy Inc. will post 4.11 earnings per share for the current year.

Xcel Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 20th. Stockholders of record on Monday, June 15th will be issued a dividend of $0.5925 per share. This represents a $2.37 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend is Monday, June 15th. Xcel Energy’s payout ratio is presently 68.30%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Evercore reiterated an “outperform” rating and issued a $96.00 target price on shares of Xcel Energy in a research note on Monday, May 4th. Weiss Ratings upgraded shares of Xcel Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, March 20th. KeyCorp upped their target price on shares of Xcel Energy from $89.00 to $90.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 21st. JPMorgan Chase & Co. dropped their target price on shares of Xcel Energy from $94.00 to $91.00 and set an “overweight” rating on the stock in a research note on Thursday, May 14th. Finally, Truist Financial dropped their target price on shares of Xcel Energy from $95.00 to $92.00 and set a “buy” rating on the stock in a research note on Monday, May 18th. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $90.63.

Xcel Energy Profile

Xcel Energy (NASDAQ: XEL) is a Minneapolis-based, publicly traded utility holding company that develops, owns and operates regulated electricity and natural gas delivery systems. The company’s core activities include generation, transmission and distribution of electricity, the delivery of natural gas to customers, and related customer service operations. Xcel provides a mix of utility services to residential, commercial and industrial customers and participates in wholesale energy markets where appropriate.

Its generation portfolio combines nuclear, natural gas, coal and a growing share of renewable resources such as wind and solar.