Syon Capital LLC Purchases New Position in Xcel Energy Inc. (NASDAQ:XEL)

Syon Capital LLC bought a new position in Xcel Energy Inc. (NASDAQ:XEL) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund bought 5,126 shares of the company’s stock, valued at approximately $317,000.

Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of Xcel Energy by 15.6% during the 3rd quarter. Vanguard Group Inc. now owns 64,062,856 shares of the company’s stock worth $3,665,677,000 after acquiring an additional 8,644,054 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in shares of Xcel Energy by 7.9% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 19,994,298 shares of the company’s stock valued at $1,237,847,000 after buying an additional 1,472,435 shares in the last quarter. Hsbc Holdings PLC lifted its stake in shares of Xcel Energy by 216.1% during the 3rd quarter. Hsbc Holdings PLC now owns 1,627,320 shares of the company’s stock valued at $92,981,000 after buying an additional 1,112,510 shares in the last quarter. Jennison Associates LLC lifted its stake in shares of Xcel Energy by 184.9% during the 4th quarter. Jennison Associates LLC now owns 1,451,483 shares of the company’s stock valued at $89,861,000 after buying an additional 942,097 shares in the last quarter. Finally, Federated Hermes Inc. lifted its stake in shares of Xcel Energy by 247.8% during the 4th quarter. Federated Hermes Inc. now owns 1,284,305 shares of the company’s stock valued at $79,511,000 after buying an additional 915,046 shares in the last quarter. Institutional investors own 78.38% of the company’s stock.

Wall Street Analysts Forecast Growth

XEL has been the topic of a number of analyst reports. KeyCorp lowered their target price on shares of Xcel Energy from $68.00 to $65.00 and set an “overweight” rating on the stock in a research note on Friday, April 19th. JPMorgan Chase & Co. reduced their price target on shares of Xcel Energy from $68.00 to $59.00 and set a “neutral” rating on the stock in a report on Wednesday, March 13th. Evercore ISI lifted their price target on shares of Xcel Energy from $54.00 to $59.00 and gave the company an “outperform” rating in a report on Friday, April 26th. Barclays lifted their price target on shares of Xcel Energy from $56.00 to $57.00 and gave the company an “overweight” rating in a report on Tuesday, April 30th. Finally, Bank of America lifted their price target on shares of Xcel Energy from $63.00 to $66.00 and gave the company a “buy” rating in a report on Monday, April 29th. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $62.27.

Xcel Energy Stock Performance

Xcel Energy stock opened at $53.24 on Tuesday. The company’s 50-day moving average price is $54.59 and its 200-day moving average price is $56.82. Xcel Energy Inc. has a twelve month low of $46.79 and a twelve month high of $65.62. The company has a quick ratio of 0.74, a current ratio of 0.86 and a debt-to-equity ratio of 1.48. The company has a market cap of $29.58 billion, a PE ratio of 15.99, a price-to-earnings-growth ratio of 2.36 and a beta of 0.38.

Xcel Energy (NASDAQ:XEL) last posted its earnings results on Thursday, April 25th. The company reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.08. Xcel Energy had a net margin of 13.36% and a return on equity of 11.03%. The firm had revenue of $3.65 billion for the quarter, compared to the consensus estimate of $4.12 billion. During the same period in the previous year, the firm posted $0.76 EPS. The business’s quarterly revenue was down 10.6% on a year-over-year basis. On average, equities research analysts forecast that Xcel Energy Inc. will post 3.56 EPS for the current fiscal year.

Xcel Energy Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Saturday, July 20th. Investors of record on Friday, June 14th will be issued a dividend of $0.5475 per share. The ex-dividend date is Friday, June 14th. This represents a $2.19 annualized dividend and a yield of 4.11%. Xcel Energy’s payout ratio is 65.77%.

About Xcel Energy

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.