PKO Investment Management Joint Stock Co Cuts Position in Xcel Energy Inc. $XEL

PKO Investment Management Joint Stock Co trimmed its position in shares of Xcel Energy Inc. (NASDAQ:XEL) by 50.0% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,000 shares of the company’s stock after selling 10,000 shares during the period. PKO Investment Management Joint Stock Co’s holdings in Xcel Energy were worth $794,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of XEL. Quadrant Capital Group LLC lifted its stake in Xcel Energy by 1.7% during the 3rd quarter. Quadrant Capital Group LLC now owns 7,358 shares of the company’s stock worth $593,000 after acquiring an additional 125 shares in the last quarter. TIAA Trust National Association grew its position in Xcel Energy by 1.0% in the 3rd quarter. TIAA Trust National Association now owns 12,683 shares of the company’s stock valued at $1,022,000 after acquiring an additional 126 shares in the last quarter. Bleakley Financial Group LLC increased its stake in Xcel Energy by 0.5% during the fourth quarter. Bleakley Financial Group LLC now owns 28,949 shares of the company’s stock worth $2,138,000 after purchasing an additional 131 shares during the period. Hills Bank & Trust Co increased its stake in Xcel Energy by 2.2% during the fourth quarter. Hills Bank & Trust Co now owns 6,184 shares of the company’s stock worth $457,000 after purchasing an additional 133 shares during the period. Finally, Keel Point LLC lifted its position in shares of Xcel Energy by 2.6% during the fourth quarter. Keel Point LLC now owns 5,485 shares of the company’s stock worth $405,000 after purchasing an additional 137 shares in the last quarter. 78.38% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently commented on XEL. UBS Group raised their price objective on shares of Xcel Energy from $89.00 to $91.00 and gave the company a “buy” rating in a research note on Monday, April 20th. BMO Capital Markets increased their target price on shares of Xcel Energy from $90.00 to $94.00 and gave the stock an “outperform” rating in a report on Wednesday, April 22nd. Barclays reduced their target price on shares of Xcel Energy from $91.00 to $87.00 and set an “overweight” rating on the stock in a report on Tuesday, May 12th. Truist Financial decreased their price target on shares of Xcel Energy from $95.00 to $92.00 and set a “buy” rating for the company in a research report on Monday, May 18th. Finally, Mizuho dropped their price target on shares of Xcel Energy from $94.00 to $91.00 and set an “outperform” rating for the company in a research note on Tuesday. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, Xcel Energy has a consensus rating of “Buy” and a consensus target price of $90.94.

Xcel Energy Stock Performance

Shares of XEL opened at $80.33 on Wednesday. Xcel Energy Inc. has a 1 year low of $66.56 and a 1 year high of $84.23. The stock has a market capitalization of $50.15 billion, a PE ratio of 23.15, a PEG ratio of 2.05 and a beta of 0.39. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.68 and a current ratio of 0.77. The stock has a 50-day simple moving average of $79.36 and a 200-day simple moving average of $78.34.

Xcel Energy (NASDAQ:XEL) last released its earnings results on Wednesday, April 29th. The company reported $0.91 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.91. The firm had revenue of $4.02 billion for the quarter, compared to analyst estimates of $4.21 billion. Xcel Energy had a net margin of 14.14% and a return on equity of 10.37%. The business’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.84 earnings per share. On average, analysts predict that Xcel Energy Inc. will post 4.11 earnings per share for the current fiscal year.

Xcel Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, July 20th. Shareholders 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 yield of 3.0%. The ex-dividend date is Monday, June 15th. Xcel Energy’s payout ratio is 68.30%.

Xcel Energy Company 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.