Xcel Energy Inc. $XEL is Socorro Asset Management LP’s 7th Largest Position

Socorro Asset Management LP raised its holdings in Xcel Energy Inc. (NASDAQ:XEL) by 8.2% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 105,154 shares of the company’s stock after purchasing an additional 7,953 shares during the quarter. Xcel Energy comprises approximately 3.8% of Socorro Asset Management LP’s portfolio, making the stock its 7th largest holding. Socorro Asset Management LP’s holdings in Xcel Energy were worth $8,353,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Cbre Investment Management Listed Real Assets LLC grew its position in Xcel Energy by 18.1% in the 4th quarter. Cbre Investment Management Listed Real Assets LLC now owns 2,324,667 shares of the company’s stock valued at $171,700,000 after buying an additional 356,208 shares during the last quarter. PKO Investment Management Joint Stock Co acquired a new stake in shares of Xcel Energy in the fourth quarter valued at about $1,477,000. Geode Capital Management LLC increased its holdings in Xcel Energy by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 16,496,124 shares of the company’s stock valued at $1,214,035,000 after buying an additional 126,498 shares in the last quarter. Electron Capital Partners LLC boosted its stake in shares of Xcel Energy by 15.2% during the 4th quarter. Electron Capital Partners LLC now owns 1,936,695 shares of the company’s stock worth $143,044,000 after acquiring an additional 255,884 shares in the last quarter. Finally, Oak Thistle LLC raised its holdings in Xcel Energy by 876.9% during the fourth quarter. Oak Thistle LLC now owns 36,566 shares of the company’s stock worth $2,701,000 after purchasing an additional 32,823 shares during the last quarter. Institutional investors and hedge funds own 78.38% of the company’s stock.

Xcel Energy Price Performance

Xcel Energy stock opened at $80.71 on Tuesday. Xcel Energy Inc. has a 1 year low of $69.16 and a 1 year high of $84.23. The firm has a 50 day moving average price of $79.65 and a 200 day moving average price of $79.34. The company has a market cap of $50.38 billion, a price-to-earnings ratio of 23.26, a PEG ratio of 2.12 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.

Xcel Energy (NASDAQ:XEL) last posted its quarterly 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 company had revenue of $4.02 billion for the quarter, compared to the consensus estimate of $4.21 billion. Xcel Energy had a net margin of 14.14% and a return on equity of 10.37%. Xcel Energy’s revenue was up 2.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.84 earnings per share. Sell-side analysts predict that Xcel Energy Inc. will post 4.11 earnings per share for the current year.

Xcel Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, July 20th. Investors of record on Monday, June 15th were given a $0.5925 dividend. This represents a $2.37 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend was Monday, June 15th. Xcel Energy’s dividend payout ratio (DPR) is 68.30%.

Analysts Set New Price Targets

XEL has been the topic of a number of research reports. JPMorgan Chase & Co. increased their price objective on shares of Xcel Energy from $91.00 to $102.00 and gave the company an “overweight” rating in a research note on Thursday, July 16th. KeyCorp reaffirmed an “overweight” rating on shares of Xcel Energy in a research note on Monday, June 8th. Jefferies Financial Group set a $101.00 target price on shares of Xcel Energy in a research note on Tuesday, July 7th. BTIG Research restated a “buy” rating and set a $98.00 price objective on shares of Xcel Energy in a report on Friday, June 26th. Finally, Truist Financial lifted their price objective on Xcel Energy from $92.00 to $94.00 and gave the company a “buy” rating in a research report on Thursday, July 16th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $92.65.

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.