Xcel Energy Inc. (NASDAQ:XEL) Shares Bought by Raleigh Capital Management Inc.

Raleigh Capital Management Inc. lifted its position in shares of Xcel Energy Inc. (NASDAQ:XEL) by 23.4% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 25,110 shares of the company’s stock after buying an additional 4,760 shares during the period. Raleigh Capital Management Inc.’s holdings in Xcel Energy were worth $1,640,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD increased its stake in shares of Xcel Energy by 770.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 7,552,625 shares of the company’s stock valued at $405,955,000 after acquiring an additional 6,684,499 shares during the last quarter. Jupiter Asset Management Ltd. acquired a new position in Xcel Energy during the first quarter worth approximately $80,283,000. Federated Hermes Inc. raised its stake in Xcel Energy by 120.2% during the second quarter. Federated Hermes Inc. now owns 2,379,615 shares of the company’s stock worth $127,095,000 after purchasing an additional 1,299,025 shares during the period. American Century Companies Inc. raised its stake in 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 purchasing an additional 1,179,823 shares during the period. Finally, Zimmer Partners LP boosted its holdings in shares of Xcel Energy by 1,765.0% in the 1st quarter. Zimmer Partners LP now owns 932,505 shares of the company’s stock valued at $50,122,000 after purchasing an additional 882,505 shares during the last quarter. Institutional investors and hedge funds own 78.38% of the company’s stock.

Xcel Energy Stock Performance

XEL opened at $63.43 on Tuesday. The company has a current ratio of 0.97, a quick ratio of 0.86 and a debt-to-equity ratio of 1.54. The business’s 50 day moving average is $62.72 and its 200-day moving average is $57.62. The stock has a market cap of $35.24 billion, a PE ratio of 19.05, a price-to-earnings-growth ratio of 2.75 and a beta of 0.39. Xcel Energy Inc. has a twelve month low of $46.79 and a twelve month high of $65.64.

Xcel Energy (NASDAQ:XEL) last posted its earnings results on Thursday, August 1st. The company reported $0.54 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.03). Xcel Energy had a net margin of 13.46% and a return on equity of 10.94%. The business had revenue of $3.03 billion during the quarter, compared to analyst estimates of $3.29 billion. During the same quarter in the prior year, the business earned $0.52 earnings per share. The firm’s revenue was up .2% compared to the same quarter last year. On average, analysts predict that Xcel Energy Inc. will post 3.55 earnings per share for the current year.

Xcel Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Sunday, October 20th. Shareholders of record on Friday, September 13th were given a dividend of $0.548 per share. This represents a $2.19 dividend on an annualized basis and a dividend yield of 3.46%. This is an increase from Xcel Energy’s previous quarterly dividend of $0.55. The ex-dividend date was Friday, September 13th. Xcel Energy’s payout ratio is 65.77%.

Wall Street Analysts Forecast Growth

XEL has been the subject of a number of research analyst reports. Barclays upped their price objective on Xcel Energy from $57.00 to $67.00 and gave the stock an “overweight” rating in a report on Monday. UBS Group raised their price objective on Xcel Energy from $66.00 to $67.00 and gave the stock a “neutral” rating in a report on Friday, September 20th. Morgan Stanley boosted their target price on Xcel Energy from $68.00 to $73.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 25th. Wells Fargo & Company raised their price target on shares of Xcel Energy from $63.00 to $66.00 and gave the company an “equal weight” rating in a report on Wednesday, October 16th. Finally, Argus upgraded shares of Xcel Energy from a “hold” rating to a “buy” rating and set a $68.00 price objective for the company in a research note on Monday, August 26th. Eight equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $65.29.

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.