Jupiter Topco LLC Purchases Shares of 1,173,563 Xcel Energy Inc. $XEL

Jupiter Topco LLC purchased a new stake in Xcel Energy Inc. (NASDAQ:XEL) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 1,173,563 shares of the company’s stock, valued at approximately $94,211,000.

A number of other institutional investors and hedge funds have also modified their holdings of XEL. Evolution Wealth Management Inc. boosted its holdings in shares of Xcel Energy by 365.3% during the 1st quarter. Evolution Wealth Management Inc. now owns 349 shares of the company’s stock worth $28,000 after buying an additional 274 shares during the period. Garton & Associates Financial Advisors LLC bought a new position in Xcel Energy in the 4th quarter worth $30,000. Pittenger & Anderson Inc. lifted its position in Xcel Energy by 73.8% during the 4th quarter. Pittenger & Anderson Inc. now owns 471 shares of the company’s stock worth $35,000 after acquiring an additional 200 shares during the last quarter. Advocate Investing Services LLC acquired a new position in Xcel Energy during the 4th quarter worth $38,000. Finally, Cedar Mountain Advisors LLC bought a new stake in Xcel Energy during the first quarter valued at about $39,000. 78.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on XEL. Morgan Stanley dropped their price objective on Xcel Energy from $92.00 to $89.00 and set an “equal weight” rating on the stock in a research note on Friday, August 21st. Truist Financial decreased their target price on Xcel Energy from $94.00 to $88.00 and set a “buy” rating for the company in a research note on Thursday, August 13th. Evercore reaffirmed an “outperform” rating and issued a $96.00 price target on shares of Xcel Energy in a research report on Monday, May 4th. BTIG Research reiterated a “buy” rating and set a $99.00 price target on shares of Xcel Energy in a report on Friday, July 31st. Finally, KeyCorp reissued an “overweight” rating on shares of Xcel Energy in a research report on Monday, June 8th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $92.41.

Xcel Energy Trading Up 0.6%

Xcel Energy stock opened at $77.68 on Thursday. The business has a 50 day moving average price of $79.28 and a two-hundred day moving average price of $79.76. 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 $48.52 billion, a price-to-earnings ratio of 21.28, a price-to-earnings-growth ratio of 2.00 and a beta of 0.39. Xcel Energy Inc. has a 12 month low of $71.29 and a 12 month high of $84.23.

Xcel Energy (NASDAQ:XEL) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.14. Xcel Energy had a return on equity of 10.65% and a net margin of 15.28%.The company had revenue of $3.12 billion during the quarter, compared to the consensus estimate of $3.54 billion. During the same quarter last year, the company earned $1.59 EPS. The company’s quarterly revenue was down 5.1% on a year-over-year basis. As a group, equities analysts forecast that Xcel Energy Inc. will post 4.12 EPS for the current year.

Xcel Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 20th. Investors of record on Tuesday, September 15th will be given a $0.5925 dividend. This represents a $2.37 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend is Tuesday, September 15th. Xcel Energy’s dividend payout ratio (DPR) is 64.93%.

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.