Xcel Energy Inc. $XEL Shares Bought by TIAA Trust National Association

TIAA Trust National Association grew its stake in shares of Xcel Energy Inc. (NASDAQ:XEL) by 1,324.5% in the fourth quarter, Holdings Channel.com reports. The fund owned 180,669 shares of the company’s stock after buying an additional 167,986 shares during the quarter. TIAA Trust National Association’s holdings in Xcel Energy were worth $13,344,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of XEL. JPMorgan Chase & Co. lifted its position in shares of Xcel Energy by 16.9% during the 4th quarter. JPMorgan Chase & Co. now owns 24,572,438 shares of the company’s stock valued at $1,814,920,000 after acquiring an additional 3,546,423 shares during the last quarter. Bank of America Corp DE lifted its position in shares of Xcel Energy by 9.9% during the 3rd quarter. Bank of America Corp DE now owns 28,851,485 shares of the company’s stock valued at $2,326,872,000 after acquiring an additional 2,589,406 shares during the last quarter. Barclays PLC lifted its position in shares of Xcel Energy by 54.3% during the 3rd quarter. Barclays PLC now owns 6,098,386 shares of the company’s stock valued at $491,835,000 after acquiring an additional 2,145,063 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Xcel Energy by 2.7% during the 3rd quarter. Vanguard Group Inc. now owns 76,725,720 shares of the company’s stock valued at $6,187,929,000 after acquiring an additional 2,001,018 shares during the last quarter. Finally, State Street Corp lifted its position in shares of Xcel Energy by 5.1% during the 3rd quarter. State Street Corp now owns 35,896,553 shares of the company’s stock valued at $2,914,984,000 after acquiring an additional 1,752,296 shares during the last quarter. Institutional investors and hedge funds own 78.38% of the company’s stock.

Xcel Energy Stock Up 0.3%

Xcel Energy stock opened at $77.87 on Wednesday. The company has a current ratio of 0.77, a quick ratio of 0.68 and a debt-to-equity ratio of 1.45. Xcel Energy Inc. has a 1-year low of $65.21 and a 1-year high of $84.23. The firm’s fifty day simple moving average is $79.80 and its 200-day simple moving average is $78.45. The company has a market capitalization of $48.61 billion, a P/E ratio of 22.44, a P/E/G ratio of 2.02 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 (EPS) for the quarter, meeting the consensus estimate of $0.91. The business had revenue of $4.02 billion during 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%. Xcel Energy’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.84 EPS. Sell-side analysts forecast that Xcel Energy Inc. will post 4.11 earnings per share for the current fiscal year.

Xcel Energy Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on XEL shares. Barclays reduced their target price on Xcel Energy from $91.00 to $87.00 and set an “overweight” rating for the company in a report on Tuesday, May 12th. Wall Street Zen lowered Xcel Energy from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. Truist Financial reduced their target price on Xcel Energy from $95.00 to $92.00 and set a “buy” rating for the company in a report on Monday, May 18th. Evercore restated an “outperform” rating and issued a $96.00 target price on shares of Xcel Energy in a report on Monday, May 4th. Finally, BMO Capital Markets increased their target price on Xcel Energy from $90.00 to $94.00 and gave the company an “outperform” rating in a report on Wednesday, April 22nd. Three research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Buy” and an average price target of $90.63.

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.