Rakuten Investment Management Inc. Has $12.33 Million Stock Holdings in Xcel Energy Inc. $XEL

Rakuten Investment Management Inc. decreased its holdings in Xcel Energy Inc. (NASDAQ:XEL) by 35.8% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 150,401 shares of the company’s stock after selling 83,988 shares during the period. Rakuten Investment Management Inc.’s holdings in Xcel Energy were worth $12,330,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Evolution Wealth Management Inc. grew its position in 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 acquiring an additional 274 shares during the last quarter. Garton & Associates Financial Advisors LLC acquired a new position in Xcel Energy during the fourth quarter worth about $30,000. Pittenger & Anderson Inc. lifted its holdings in shares of Xcel Energy by 73.8% in the fourth 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. First Bancorp Inc ME bought a new position in shares of Xcel Energy in the second quarter worth about $36,000. Finally, Advocate Investing Services LLC acquired a new stake in shares of Xcel Energy in the 4th quarter valued at approximately $38,000. Institutional investors and hedge funds own 78.38% of the company’s stock.

Xcel Energy Stock Performance

NASDAQ:XEL opened at $76.45 on Friday. The stock’s 50-day moving average is $79.25 and its 200-day moving average is $79.75. Xcel Energy Inc. has a 1-year low of $71.29 and a 1-year high of $84.23. The company has a current ratio of 0.70, a quick ratio of 0.62 and a debt-to-equity ratio of 1.49. The stock has a market cap of $47.75 billion, a P/E ratio of 20.95, a price-to-earnings-growth ratio of 2.00 and a beta of 0.39.

Xcel Energy (NASDAQ:XEL) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $0.93 earnings per share (EPS) for the quarter, beating 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 business had revenue of $3.12 billion during the quarter, compared to analyst estimates of $3.54 billion. During the same quarter last year, the business earned $1.59 EPS. The firm’s quarterly revenue was down 5.1% on a year-over-year basis. Equities research analysts anticipate that Xcel Energy Inc. will post 4.12 earnings per share for the current year.

Xcel Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 20th. Stockholders 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 dividend yield of 3.1%. Xcel Energy’s dividend payout ratio (DPR) is presently 64.93%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on XEL shares. KeyCorp reiterated an “overweight” rating on shares of Xcel Energy in a research report on Monday, June 8th. Barclays raised their target price on shares of Xcel Energy from $87.00 to $90.00 and gave the company an “overweight” rating in a research report on Thursday, July 9th. Evercore reaffirmed an “outperform” rating and set a $96.00 target price on shares of Xcel Energy in a research note on Monday, May 4th. New Street Research set a $91.00 price target on shares of Xcel Energy in a report on Tuesday, June 23rd. Finally, Wall Street Zen cut Xcel Energy from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $92.41.

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.