Tema ETFs LLC Grows Position in Xcel Energy Inc. $XEL

Tema ETFs LLC grew its position in shares of Xcel Energy Inc. (NASDAQ:XEL) by 43.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 196,808 shares of the company’s stock after acquiring an additional 59,458 shares during the quarter. Tema ETFs LLC’s holdings in Xcel Energy were worth $15,804,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Evolution Wealth Management Inc. raised its holdings in shares of Xcel Energy by 365.3% in the first quarter. Evolution Wealth Management Inc. now owns 349 shares of the company’s stock valued at $28,000 after purchasing an additional 274 shares during the last quarter. Garton & Associates Financial Advisors LLC purchased a new position in Xcel Energy during the fourth quarter worth about $30,000. Pittenger & Anderson Inc. boosted its holdings in Xcel Energy by 73.8% during the fourth quarter. Pittenger & Anderson Inc. now owns 471 shares of the company’s stock worth $35,000 after purchasing an additional 200 shares during the last quarter. Cedar Mountain Advisors LLC bought a new stake in Xcel Energy in the 1st quarter worth about $39,000. Finally, Measured Wealth Private Client Group LLC bought a new stake in Xcel Energy in the 3rd quarter worth about $42,000. Institutional investors own 78.38% of the company’s stock.

Xcel Energy Trading Up 1.0%

Shares of XEL stock opened at $77.66 on Wednesday. The company has a 50 day moving average of $79.26 and a 200-day moving average of $79.56. The company has a quick ratio of 0.62, a current ratio of 0.70 and a debt-to-equity ratio of 1.49. Xcel Energy Inc. has a 12-month low of $69.16 and a 12-month high of $84.23. The firm has a market cap of $48.51 billion, a P/E ratio of 21.28, a PEG ratio of 2.00 and a beta of 0.39.

Xcel Energy (NASDAQ:XEL) last posted its quarterly earnings data on Thursday, July 30th. The company reported $0.93 EPS for the quarter, beating the consensus estimate of $0.79 by $0.14. Xcel Energy had a return on equity of 10.65% and a net margin of 15.28%.The business had revenue of $3.12 billion for the quarter, compared to the consensus estimate of $3.54 billion. During the same quarter in the prior year, the business earned $1.59 earnings per share. Xcel Energy’s revenue for the quarter was down 5.1% on a year-over-year basis. Sell-side analysts anticipate 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 will be paid on Tuesday, October 20th. Shareholders of record on Tuesday, September 15th will be paid a $0.5925 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $2.37 annualized dividend and a dividend yield of 3.1%. Xcel Energy’s payout ratio is presently 64.93%.

Analysts Set New Price Targets

XEL has been the topic of a number of research analyst reports. Wall Street Zen downgraded Xcel Energy from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. KeyCorp reaffirmed an “overweight” rating on shares of Xcel Energy in a research report on Monday, June 8th. Barclays lifted their price target on Xcel Energy from $87.00 to $90.00 and gave the stock an “overweight” rating in a report on Thursday, July 9th. UBS Group upped their price objective on Xcel Energy from $89.00 to $91.00 and gave the company a “buy” rating in a research note on Monday, April 20th. Finally, Evercore reaffirmed an “outperform” rating and set a $96.00 target price on shares of Xcel Energy in a research report on Monday, May 4th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $92.76.

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.