Pacer Advisors Inc. Raises Stake in Xcel Energy Inc. $XEL

Pacer Advisors Inc. boosted its position in Xcel Energy Inc. (NASDAQ:XEL) by 11.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 101,801 shares of the company’s stock after buying an additional 10,768 shares during the quarter. Pacer Advisors Inc.’s holdings in Xcel Energy were worth $7,519,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Quadrant Capital Group LLC boosted its stake in Xcel Energy by 1.7% in the third quarter. Quadrant Capital Group LLC now owns 7,358 shares of the company’s stock worth $593,000 after buying an additional 125 shares in the last quarter. TIAA Trust National Association boosted its stake in Xcel Energy by 1.0% in the third quarter. TIAA Trust National Association now owns 12,683 shares of the company’s stock worth $1,022,000 after buying an additional 126 shares in the last quarter. Intrust Bank NA boosted its stake in Xcel Energy by 1.3% in the third quarter. Intrust Bank NA now owns 11,360 shares of the company’s stock worth $916,000 after buying an additional 142 shares in the last quarter. GeoWealth Management LLC boosted its stake in Xcel Energy by 4.8% in the third quarter. GeoWealth Management LLC now owns 3,185 shares of the company’s stock worth $257,000 after buying an additional 145 shares in the last quarter. Finally, First Business Financial Services Inc. boosted its stake in Xcel Energy by 3.6% in the third quarter. First Business Financial Services Inc. now owns 4,312 shares of the company’s stock worth $348,000 after buying an additional 150 shares in the last quarter. Hedge funds and other institutional investors own 78.38% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the company. BMO Capital Markets upped their target price on Xcel Energy from $90.00 to $94.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 22nd. Barclays cut their target price on Xcel Energy from $91.00 to $87.00 and set an “overweight” rating for the company in a research note on Tuesday. UBS Group boosted their price objective on Xcel Energy from $89.00 to $91.00 and gave the company a “buy” rating in a research report on Monday, April 20th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $95.00 price objective on shares of Xcel Energy in a research report on Friday, January 23rd. Finally, Truist Financial started coverage on Xcel Energy in a research report on Monday, April 20th. They issued a “buy” rating and a $95.00 price objective for the company. Four equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $90.88.

Xcel Energy Stock Performance

Shares of XEL stock opened at $79.91 on Thursday. The stock has a fifty day moving average of $80.29 and a 200 day moving average of $78.67. Xcel Energy Inc. has a 52 week low of $65.21 and a 52 week high of $84.23. The firm has a market capitalization of $49.89 billion, a price-to-earnings ratio of 23.03, a PEG ratio of 2.08 and a beta of 0.41. The company has a quick ratio of 0.68, a current ratio of 0.77 and a debt-to-equity ratio of 1.45.

Xcel Energy (NASDAQ:XEL) last announced its quarterly earnings results on Wednesday, April 29th. The company reported $0.91 EPS for the quarter, hitting analysts’ consensus estimates of $0.91. Xcel Energy had a return on equity of 10.37% and a net margin of 14.14%.The company had revenue of $4.02 billion during the quarter, compared to analyst estimates of $4.21 billion. During the same quarter last year, the firm posted $0.84 earnings per share. The firm’s revenue was up 2.9% on a year-over-year basis. As a group, research analysts expect that Xcel Energy Inc. will post 4.11 earnings per share for the current year.

Xcel Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 20th. Investors of record on Friday, March 13th were paid a $0.5925 dividend. The ex-dividend date of this dividend was Friday, March 13th. This is a positive change from Xcel Energy’s previous quarterly dividend of $0.57. This represents a $2.37 dividend on an annualized basis and a yield of 3.0%. Xcel Energy’s payout ratio is 68.30%.

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.