9,499 Shares in Xcel Energy Inc. $XEL Bought by GSA Capital Partners LLP

GSA Capital Partners LLP bought a new position in shares of Xcel Energy Inc. (NASDAQ:XEL) during the 2nd quarter, Holdings Channel.com reports. The firm bought 9,499 shares of the company’s stock, valued at approximately $763,000.

Other institutional investors have also recently made changes to their positions in the company. Barclays PLC lifted its stake in shares of Xcel Energy by 63.6% in the fourth quarter. Barclays PLC now owns 9,979,397 shares of the company’s stock worth $737,078,000 after acquiring an additional 3,881,011 shares during the period. JPMorgan Chase & Co. increased its position in 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 purchasing an additional 3,546,423 shares during the period. Pictet Asset Management Holding SA increased its position in Xcel Energy by 37.1% during the 1st quarter. Pictet Asset Management Holding SA now owns 8,871,863 shares of the company’s stock valued at $704,780,000 after purchasing an additional 2,399,089 shares during the period. Bank of America Corp DE increased its position in Xcel Energy by 9.0% during the 2nd quarter. Bank of America Corp DE now owns 26,262,079 shares of the company’s stock valued at $1,788,448,000 after purchasing an additional 2,157,602 shares during the period. Finally, Boston Partners raised its holdings in Xcel Energy by 4,530.7% during the 4th quarter. Boston Partners now owns 2,024,541 shares of the company’s stock worth $149,538,000 after purchasing an additional 1,980,821 shares during the last quarter. Institutional investors own 78.38% of the company’s stock.

Xcel Energy Price Performance

Shares of XEL opened at $79.41 on Thursday. Xcel Energy Inc. has a 12-month low of $71.29 and a 12-month high of $84.23. The business’s fifty day moving average is $79.40 and its 200 day moving average is $79.70. The company has a quick ratio of 0.62, a current ratio of 0.70 and a debt-to-equity ratio of 1.49. The stock has a market cap of $49.60 billion, a P/E ratio of 21.76, a P/E/G ratio of 2.06 and a beta of 0.39.

Xcel Energy (NASDAQ:XEL) last posted its quarterly earnings results on Thursday, July 30th. The company reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.14. The business had revenue of $3.12 billion during the quarter, compared to the consensus estimate of $3.54 billion. Xcel Energy had a net margin of 15.28% and a return on equity of 10.65%. Xcel Energy’s revenue was down 5.1% compared to the same quarter last year. During the same quarter last year, the firm posted $1.59 EPS. Sell-side analysts anticipate that Xcel Energy Inc. will post 4.11 earnings per share for the current fiscal year.

Xcel Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 20th. Stockholders of record on Tuesday, September 15th will be issued a dividend of $0.5925 per share. This represents a $2.37 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date is Tuesday, September 15th. Xcel Energy’s dividend payout ratio (DPR) is currently 64.93%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on XEL. Weiss Ratings restated a “buy (b-)” rating on shares of Xcel Energy in a research report on Wednesday, June 17th. BTIG Research reiterated a “buy” rating and set a $99.00 price objective on shares of Xcel Energy in a research report on Friday, July 31st. New Street Research set a $91.00 target price on shares of Xcel Energy in a research note on Tuesday, June 23rd. JPMorgan Chase & Co. boosted their target price on shares of Xcel Energy from $91.00 to $102.00 and gave the company an “overweight” rating in a report on Thursday, July 16th. Finally, Jefferies Financial Group set a $101.00 target price on shares of Xcel Energy in a report on Tuesday, July 7th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Buy” and an average target price of $92.41.

About Xcel Energy

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.