Tema Etfs LLC Raises Stock Position in Xcel Energy Inc. $XEL

Tema Etfs LLC boosted its holdings in shares of Xcel Energy Inc. (NASDAQ:XEL) by 74.7% in the fourth quarter, HoldingsChannel reports. The firm owned 95,210 shares of the company’s stock after buying an additional 40,716 shares during the period. Tema Etfs LLC’s holdings in Xcel Energy were worth $7,032,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Twin Peaks Wealth Advisors LLC purchased a new position in shares of Xcel Energy during the 2nd quarter valued at about $25,000. ORG Partners LLC boosted its stake in shares of Xcel Energy by 168.4% in the third quarter. ORG Partners LLC now owns 314 shares of the company’s stock worth $25,000 after buying an additional 197 shares during the last quarter. Vermillion & White Wealth Management Group LLC acquired a new stake in Xcel Energy during the third quarter worth about $27,000. Abound Wealth Management raised its position in Xcel Energy by 394.5% during the fourth quarter. Abound Wealth Management now owns 361 shares of the company’s stock valued at $27,000 after acquiring an additional 288 shares in the last quarter. Finally, First Command Advisory Services Inc. purchased a new position in Xcel Energy during the third quarter valued at approximately $32,000. 78.38% of the stock is owned by institutional investors and hedge funds.

Xcel Energy Stock Performance

Shares of XEL stock opened at $79.71 on Thursday. The company has a market capitalization of $49.73 billion, a P/E ratio of 23.31, a P/E/G ratio of 2.17 and a beta of 0.43. The business’s 50 day moving average is $79.46 and its two-hundred day moving average is $78.32. The company has a current ratio of 0.71, a quick ratio of 0.60 and a debt-to-equity ratio of 1.35. Xcel Energy Inc. has a 12-month low of $65.21 and a 12-month high of $84.23.

Xcel Energy (NASDAQ:XEL) last posted its quarterly earnings data on Wednesday, February 4th. The company reported $0.96 EPS for the quarter, meeting analysts’ consensus estimates of $0.96. The business had revenue of $3.56 billion during the quarter, compared to analysts’ expectations of $3.77 billion. Xcel Energy had a return on equity of 10.46% and a net margin of 13.76%.The business’s revenue was up 14.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.81 earnings per share. Analysts expect that Xcel Energy Inc. will post 3.82 EPS for the current fiscal year.

Xcel Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 20th. Investors of record on Friday, March 13th will be paid a $0.5925 dividend. The ex-dividend date of this dividend is Friday, March 13th. This represents a $2.37 dividend on an annualized basis and a yield of 3.0%. This is an increase from Xcel Energy’s previous quarterly dividend of $0.57. Xcel Energy’s dividend payout ratio is 69.30%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on XEL shares. BMO Capital Markets restated an “outperform” rating and issued a $90.00 price objective on shares of Xcel Energy in a research report on Friday, February 6th. Weiss Ratings raised shares of Xcel Energy from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, March 20th. UBS Group decreased their target price on shares of Xcel Energy from $93.00 to $89.00 and set a “buy” rating for the company in a research note on Tuesday, March 24th. KeyCorp lowered their price target on shares of Xcel Energy from $85.00 to $84.00 and set an “overweight” rating on the stock in a report on Friday, December 12th. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $95.00 price target on shares of Xcel Energy in a research report on Friday, January 23rd. Three analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $88.44.

About Xcel Energy

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.