Sanibel Captiva Trust Company Inc. increased its holdings in shares of Xcel Energy Inc. (NASDAQ:XEL – Free Report) by 31.8% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 16,319 shares of the company’s stock after purchasing an additional 3,935 shares during the period. Sanibel Captiva Trust Company Inc.’s holdings in Xcel Energy were worth $1,066,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Price T Rowe Associates Inc. MD raised its position in Xcel Energy by 770.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 7,552,625 shares of the company’s stock valued at $405,955,000 after purchasing an additional 6,684,499 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp lifted its stake in shares of Xcel Energy by 1.8% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 4,186,101 shares of the company’s stock worth $223,264,000 after buying an additional 74,690 shares in the last quarter. Federated Hermes Inc. increased its holdings in Xcel Energy by 120.2% during the second quarter. Federated Hermes Inc. now owns 2,379,615 shares of the company’s stock valued at $127,095,000 after buying an additional 1,299,025 shares during the last quarter. American Century Companies Inc. boosted its position in shares of Xcel Energy by 130.4% during the second quarter. American Century Companies Inc. now owns 2,084,345 shares of the company’s stock worth $111,325,000 after acquiring an additional 1,179,823 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Xcel Energy by 10.4% during the second quarter. Dimensional Fund Advisors LP now owns 1,854,333 shares of the company’s stock valued at $99,046,000 after acquiring an additional 174,653 shares in the last quarter. 78.38% of the stock is owned by institutional investors and hedge funds.
Xcel Energy Trading Down 0.7 %
XEL opened at $62.16 on Friday. The company has a quick ratio of 0.86, a current ratio of 0.97 and a debt-to-equity ratio of 1.54. Xcel Energy Inc. has a twelve month low of $46.79 and a twelve month high of $65.64. The stock has a market capitalization of $34.65 billion, a price-to-earnings ratio of 18.56, a P/E/G ratio of 2.75 and a beta of 0.39. The company has a 50-day simple moving average of $61.95 and a 200 day simple moving average of $57.04.
Xcel Energy Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Sunday, October 20th. Investors of record on Friday, September 13th will be given a dividend of $0.548 per share. The ex-dividend date is Friday, September 13th. This represents a $2.19 dividend on an annualized basis and a yield of 3.53%. This is an increase from Xcel Energy’s previous quarterly dividend of $0.55. Xcel Energy’s dividend payout ratio (DPR) is presently 65.37%.
Analyst Upgrades and Downgrades
XEL has been the topic of several research reports. Jefferies Financial Group started coverage on Xcel Energy in a research report on Thursday, September 19th. They issued a “hold” rating and a $70.00 target price on the stock. KeyCorp increased their price target on Xcel Energy from $66.00 to $69.00 and gave the stock an “overweight” rating in a research report on Monday, September 30th. Argus upgraded Xcel Energy from a “hold” rating to a “buy” rating and set a $68.00 target price for the company in a report on Monday, August 26th. UBS Group lifted their target price on Xcel Energy from $66.00 to $67.00 and gave the stock a “neutral” rating in a research report on Friday, September 20th. Finally, Morgan Stanley lifted their price target on shares of Xcel Energy from $68.00 to $73.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 25th. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Xcel Energy has an average rating of “Hold” and an average price target of $64.36.
View Our Latest Report on Xcel Energy
Xcel Energy Profile
Xcel Energy Inc, through its subsidiaries, engages in the generation, purchasing, transmission, distribution, and sale of electricity. It operates through Regulated Electric Utility, Regulated Natural Gas Utility, and All Other segments. The company generates electricity through wind, nuclear, hydroelectric, biomass, and solar energy sources, as well as coal, natural gas, oil, wood, and refuse-derived fuels.
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