Xcel Energy Inc. (NASDAQ:XEL) Shares Bought by Vaughan David Investments LLC IL

Vaughan David Investments LLC IL raised its stake in Xcel Energy Inc. (NASDAQ:XEL) by 3.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 670,041 shares of the company’s stock after buying an additional 24,083 shares during the quarter. Vaughan David Investments LLC IL’s holdings in Xcel Energy were worth $35,787,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of XEL. Price T Rowe Associates Inc. MD lifted its position in shares of 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 worth $405,955,000 after purchasing an additional 6,684,499 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp lifted its position in shares of Xcel Energy by 1.8% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 4,186,101 shares of the company’s stock worth $223,264,000 after purchasing an additional 74,690 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its position in shares of Xcel Energy by 2.4% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,625,530 shares of the company’s stock worth $87,372,000 after purchasing an additional 38,653 shares in the last quarter. National Bank of Canada FI lifted its position in shares of Xcel Energy by 89.4% during the second quarter. National Bank of Canada FI now owns 1,534,971 shares of the company’s stock worth $80,478,000 after purchasing an additional 724,558 shares in the last quarter. Finally, Jupiter Asset Management Ltd. acquired a new stake in shares of Xcel Energy during the first quarter worth about $80,283,000. Institutional investors and hedge funds own 78.38% of the company’s stock.

Xcel Energy Stock Performance

Shares of Xcel Energy stock opened at $63.84 on Wednesday. The firm has a market capitalization of $35.47 billion, a P/E ratio of 19.17, a P/E/G ratio of 2.77 and a beta of 0.38. Xcel Energy Inc. has a 52 week low of $46.79 and a 52 week high of $64.25. The company has a quick ratio of 0.86, a current ratio of 0.97 and a debt-to-equity ratio of 1.54. The firm’s 50 day moving average is $58.10 and its two-hundred day moving average is $55.33.

Xcel Energy (NASDAQ:XEL) last announced its earnings results on Thursday, August 1st. The company reported $0.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.03). The business had revenue of $3.03 billion for the quarter, compared to analysts’ expectations of $3.29 billion. Xcel Energy had a return on equity of 10.94% and a net margin of 13.46%. The business’s revenue was up .2% on a year-over-year basis. During the same quarter last year, the business posted $0.52 earnings per share. Research analysts forecast that Xcel Energy Inc. will post 3.55 EPS for the current fiscal year.

Xcel Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Sunday, October 20th. Stockholders 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 is a positive change from Xcel Energy’s previous quarterly dividend of $0.55. This represents a $2.19 dividend on an annualized basis and a dividend yield of 3.43%. Xcel Energy’s dividend payout ratio (DPR) is 65.77%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on XEL. Wells Fargo & Company raised their target price on shares of Xcel Energy from $57.00 to $63.00 and gave the company an “equal weight” rating in a report on Friday, August 2nd. Morgan Stanley raised their target price on shares of Xcel Energy from $62.00 to $68.00 and gave the company an “equal weight” rating in a report on Friday, August 23rd. Finally, Argus raised shares of Xcel Energy from a “hold” rating to a “buy” rating and set a $68.00 target price on the stock in a report on Monday, August 26th. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $62.92.

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.