UniSuper Management Pty Ltd Grows Stock Holdings in Xcel Energy Inc. $XEL

UniSuper Management Pty Ltd lifted its holdings in Xcel Energy Inc. (NASDAQ:XEL) by 13.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 57,927 shares of the company’s stock after purchasing an additional 6,845 shares during the quarter. UniSuper Management Pty Ltd’s holdings in Xcel Energy were worth $4,672,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Twin Peaks Wealth Advisors LLC purchased a new position in shares of Xcel Energy in the 2nd quarter valued at approximately $25,000. ORG Partners LLC increased its stake in Xcel Energy by 168.4% during the 3rd quarter. ORG Partners LLC now owns 314 shares of the company’s stock valued at $25,000 after purchasing an additional 197 shares in the last quarter. Clearstead Trust LLC increased its stake in Xcel Energy by 202.2% during the 2nd quarter. Clearstead Trust LLC now owns 417 shares of the company’s stock valued at $28,000 after purchasing an additional 279 shares in the last quarter. Salomon & Ludwin LLC raised its holdings in shares of Xcel Energy by 98.8% in the third quarter. Salomon & Ludwin LLC now owns 509 shares of the company’s stock worth $41,000 after buying an additional 253 shares during the last quarter. Finally, RMG Wealth Management LLC acquired a new stake in shares of Xcel Energy during the second quarter worth $46,000. Hedge funds and other institutional investors own 78.38% of the company’s stock.

Xcel Energy Stock Performance

Shares of XEL stock opened at $75.01 on Monday. The stock has a market cap of $44.37 billion, a PE ratio of 22.87, a price-to-earnings-growth ratio of 2.05 and a beta of 0.46. The business has a 50-day simple moving average of $76.17 and a 200-day simple moving average of $75.85. The company has a quick ratio of 0.69, a current ratio of 0.79 and a debt-to-equity ratio of 1.51. Xcel Energy Inc. has a 52-week low of $65.21 and a 52-week high of $83.01.

Xcel Energy (NASDAQ:XEL) last posted its earnings results on Wednesday, October 29th. The company reported $1.24 EPS for the quarter, missing the consensus estimate of $1.32 by ($0.08). The company had revenue of $3.92 billion for the quarter, compared to analyst estimates of $3.89 billion. Xcel Energy had a return on equity of 10.45% and a net margin of 13.46%.The firm’s revenue was up 7.4% on a year-over-year basis. During the same period last year, the business earned $1.25 earnings per share. On average, equities analysts expect that Xcel Energy Inc. will post 3.82 EPS for the current year.

Xcel Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 20th. Stockholders of record on Monday, December 29th were paid a dividend of $0.57 per share. The ex-dividend date of this dividend was Monday, December 29th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 3.0%. Xcel Energy’s dividend payout ratio (DPR) is presently 69.51%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. BMO Capital Markets upped their target price on Xcel Energy from $84.00 to $87.00 and gave the company an “outperform” rating in a research report on Wednesday, October 15th. Barclays dropped their price target on Xcel Energy from $85.00 to $82.00 and set an “overweight” rating on the stock in a research note on Thursday, January 15th. Morgan Stanley reissued an “underperform” rating on shares of Xcel Energy in a report on Wednesday. JPMorgan Chase & Co. decreased their target price on Xcel Energy from $90.00 to $87.00 and set an “overweight” rating for the company in a report on Thursday, December 11th. Finally, KeyCorp dropped their target price on Xcel Energy from $85.00 to $84.00 and set an “overweight” rating on the stock in a research report on Friday, December 12th. Three investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Xcel Energy has an average rating of “Buy” and an average price target of $87.53.

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.