Commerzbank Aktiengesellschaft FI Makes New $2.62 Million Investment in Xcel Energy Inc. $XEL

Commerzbank Aktiengesellschaft FI bought a new position in Xcel Energy Inc. (NASDAQ:XEL) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 32,695 shares of the company’s stock, valued at approximately $2,625,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Brighton Jones LLC purchased a new position in Xcel Energy in the 4th quarter valued at approximately $240,000. Empowered Funds LLC lifted its position in shares of Xcel Energy by 30.7% during the first quarter. Empowered Funds LLC now owns 13,810 shares of the company’s stock worth $978,000 after acquiring an additional 3,242 shares in the last quarter. Woodline Partners LP lifted its position in shares of Xcel Energy by 40.7% during the first quarter. Woodline Partners LP now owns 48,515 shares of the company’s stock worth $3,434,000 after acquiring an additional 14,029 shares in the last quarter. Brown Advisory Inc. grew its position in shares of Xcel Energy by 4.8% in the second quarter. Brown Advisory Inc. now owns 10,193 shares of the company’s stock valued at $694,000 after purchasing an additional 469 shares in the last quarter. Finally, Cary Street Partners Financial LLC raised its stake in shares of Xcel Energy by 16.0% during the 2nd quarter. Cary Street Partners Financial LLC now owns 2,620 shares of the company’s stock valued at $178,000 after purchasing an additional 362 shares during the period. Institutional investors own 78.38% of the company’s stock.

Xcel Energy Price Performance

Shares of NASDAQ:XEL opened at $79.21 on Tuesday. The company’s fifty day moving average price is $79.35 and its 200-day moving average price is $79.66. The company has a debt-to-equity ratio of 1.49, a current ratio of 0.70 and a quick ratio of 0.62. The firm has a market capitalization of $49.48 billion, a price-to-earnings ratio of 21.70, a PEG ratio of 2.06 and a beta of 0.39. Xcel Energy Inc. has a one year low of $71.29 and a one year high of $84.23.

Xcel Energy (NASDAQ:XEL) last posted its quarterly earnings data on Thursday, July 30th. The company reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.14. Xcel Energy had a net margin of 15.28% and a return on equity of 10.65%. The company had revenue of $3.12 billion during the quarter, compared to the consensus estimate of $3.54 billion. During the same period in the previous year, the firm posted $1.59 EPS. The firm’s revenue was down 5.1% compared to the same quarter last year. On average, equities research analysts anticipate 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 Tuesday, October 20th. Shareholders of record on Tuesday, September 15th will be paid a dividend of $0.5925 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $2.37 annualized dividend and a yield of 3.0%. Xcel Energy’s payout ratio is 64.93%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on XEL. Truist Financial dropped their price objective on Xcel Energy from $94.00 to $88.00 and set a “buy” rating on the stock in a report on Thursday. BMO Capital Markets reduced their target price on Xcel Energy from $95.00 to $92.00 and set an “outperform” rating for the company in a report on Wednesday, July 22nd. New Street Research set a $91.00 price target on Xcel Energy in a research report on Tuesday, June 23rd. Weiss Ratings reissued a “buy (b-)” rating on shares of Xcel Energy in a report on Wednesday, June 17th. Finally, BTIG Research restated a “buy” rating and issued a $99.00 price objective on shares of Xcel Energy in a research report on Friday, July 31st. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $92.41.

Xcel Energy 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.