Xcel Energy Inc. (NASDAQ:XEL) Stake Trimmed by Teilinger Capital Ltd.

Teilinger Capital Ltd. decreased its position in shares of Xcel Energy Inc. (NASDAQ:XEL) by 45.8% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 325,000 shares of the company’s stock after selling 275,000 shares during the quarter. Xcel Energy makes up 6.3% of Teilinger Capital Ltd.’s investment portfolio, making the stock its 6th largest position. Teilinger Capital Ltd.’s holdings in Xcel Energy were worth $21,222,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of XEL. Price T Rowe Associates Inc. MD lifted its holdings in 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 worth $405,955,000 after purchasing an additional 6,684,499 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp lifted its holdings 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. boosted its position in shares of 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 Xcel Energy by 130.4% during the second quarter. American Century Companies Inc. now owns 2,084,345 shares of the company’s stock valued at $111,325,000 after acquiring an additional 1,179,823 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in Xcel Energy by 10.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,854,333 shares of the company’s stock worth $99,046,000 after acquiring an additional 174,653 shares during the period. Hedge funds and other institutional investors own 78.38% of the company’s stock.

Xcel Energy Trading Down 0.7 %

Shares of XEL stock traded down $0.48 on Thursday, hitting $63.53. 218,236 shares of the company’s stock traded hands, compared to its average volume of 4,134,857. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.86 and a current ratio of 0.97. Xcel Energy Inc. has a one year low of $46.79 and a one year high of $65.64. The company’s fifty day simple moving average is $62.39 and its 200 day simple moving average is $57.39. The stock has a market capitalization of $35.30 billion, a price-to-earnings ratio of 19.22, a P/E/G ratio of 2.75 and a beta of 0.39.

Xcel Energy (NASDAQ:XEL) last released 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 for the quarter, compared to the consensus estimate of $3.29 billion. During the same period in the prior year, the business posted $0.52 EPS. Xcel Energy’s revenue for the quarter was up .2% on a year-over-year basis. Equities analysts forecast that Xcel Energy Inc. will post 3.55 EPS for the current year.

Xcel Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Sunday, October 20th. Investors of record on Friday, September 13th will be issued a dividend of $0.548 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $2.19 annualized dividend and a dividend yield of 3.45%. This is a positive change from Xcel Energy’s previous quarterly dividend of $0.55. Xcel Energy’s dividend payout ratio (DPR) is currently 65.77%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Jefferies Financial Group began coverage on shares of Xcel Energy in a report on Thursday, September 19th. They issued a “hold” rating and a $70.00 price target for the company. Morgan Stanley lifted their price objective on Xcel Energy from $68.00 to $73.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 25th. UBS Group upped their target price on Xcel Energy from $66.00 to $67.00 and gave the stock a “neutral” rating in a research note on Friday, September 20th. Argus upgraded Xcel Energy from a “hold” rating to a “buy” rating and set a $68.00 price target for the company in a research report on Monday, August 26th. Finally, KeyCorp upped their price objective on shares of Xcel Energy from $66.00 to $69.00 and gave the stock an “overweight” rating in a research report on Monday, September 30th. Eight research 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 presently has an average rating of “Hold” and a consensus price target of $64.57.

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.