Xcel Energy Inc. (NASDAQ:XEL) Shares Bought by Oliver Luxxe Assets LLC

Oliver Luxxe Assets LLC lifted its holdings in shares of Xcel Energy Inc. (NASDAQ:XEL) by 2.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 98,001 shares of the company’s stock after acquiring an additional 2,061 shares during the period. Xcel Energy accounts for about 1.1% of Oliver Luxxe Assets LLC’s holdings, making the stock its 18th biggest position. Oliver Luxxe Assets LLC’s holdings in Xcel Energy were worth $6,617,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. State Street Corp increased its stake in shares of Xcel Energy by 6.7% during the third quarter. State Street Corp now owns 37,143,025 shares of the company’s stock worth $2,445,477,000 after acquiring an additional 2,323,448 shares during the period. Brookfield Corp ON raised its position in Xcel Energy by 520.1% in the third quarter. Brookfield Corp ON now owns 2,509,031 shares of the company’s stock worth $163,840,000 after acquiring an additional 2,104,405 shares in the last quarter. Federated Hermes Inc. lifted its holdings in Xcel Energy by 120.2% in the second quarter. Federated Hermes Inc. now owns 2,379,615 shares of the company’s stock valued at $127,095,000 after acquiring an additional 1,299,025 shares during the period. American Century Companies Inc. grew its stake in shares of Xcel Energy by 130.4% during the 2nd 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, Merewether Investment Management LP purchased a new position in shares of Xcel Energy in the 3rd quarter valued at about $64,301,000. Hedge funds and other institutional investors own 78.38% of the company’s stock.

Xcel Energy Trading Down 1.7 %

Shares of XEL stock traded down $1.12 during mid-day trading on Monday, hitting $65.02. 2,409,517 shares of the company’s stock were exchanged, compared to its average volume of 2,703,622. The stock has a market cap of $37.34 billion, a price-to-earnings ratio of 19.29, a PEG ratio of 2.79 and a beta of 0.42. The company has a quick ratio of 0.82, a current ratio of 0.93 and a debt-to-equity ratio of 1.42. Xcel Energy Inc. has a fifty-two week low of $46.79 and a fifty-two week high of $73.38. The stock has a 50-day simple moving average of $68.49 and a two-hundred day simple moving average of $62.82.

Xcel Energy (NASDAQ:XEL) last posted its quarterly earnings results on Thursday, October 31st. The company reported $1.25 EPS for the quarter, missing the consensus estimate of $1.26 by ($0.01). The business had revenue of $3.64 billion during the quarter, compared to analysts’ expectations of $3.93 billion. Xcel Energy had a net margin of 13.67% and a return on equity of 10.76%. The firm’s quarterly revenue was down .5% compared to the same quarter last year. During the same quarter last year, the firm earned $1.23 EPS. Equities analysts expect that Xcel Energy Inc. will post 3.54 EPS for the current fiscal year.

Xcel Energy Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Monday, January 6th will be issued a $0.5475 dividend. The ex-dividend date is Monday, January 6th. This represents a $2.19 dividend on an annualized basis and a dividend yield of 3.37%. Xcel Energy’s dividend payout ratio (DPR) is 64.99%.

Analysts Set New Price Targets

XEL has been the topic of several recent analyst reports. Wells Fargo & Company upped their target price on shares of Xcel Energy from $63.00 to $66.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 16th. KeyCorp lifted their price objective on Xcel Energy from $74.00 to $79.00 and gave the stock an “overweight” rating in a report on Wednesday, December 4th. UBS Group upped their target price on Xcel Energy from $66.00 to $67.00 and gave the company a “neutral” rating in a report on Friday, September 20th. Jefferies Financial Group raised Xcel Energy from a “hold” rating to a “buy” rating and lifted their price target for the stock from $71.00 to $76.00 in a research note on Friday, November 1st. Finally, JPMorgan Chase & Co. raised shares of Xcel Energy from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $69.00 to $80.00 in a research note on Thursday, December 12th. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $69.17.

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.