Neo Ivy Capital Management Buys New Holdings in Xcel Energy Inc. $XEL

Neo Ivy Capital Management purchased a new position in Xcel Energy Inc. (NASDAQ:XEL) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 7,440 shares of the company’s stock, valued at approximately $600,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of Xcel Energy during the 2nd quarter worth $25,000. ORG Partners LLC grew its stake in shares of Xcel Energy by 168.4% during the third quarter. ORG Partners LLC now owns 314 shares of the company’s stock worth $25,000 after purchasing an additional 197 shares in the last quarter. Clearstead Trust LLC increased its holdings in Xcel Energy by 202.2% in the second quarter. Clearstead Trust LLC now owns 417 shares of the company’s stock valued at $28,000 after buying an additional 279 shares during the last quarter. First Command Advisory Services Inc. acquired a new stake in Xcel Energy in the third quarter valued at $32,000. Finally, Collier Financial acquired a new stake in Xcel Energy in the third quarter valued at $38,000. Institutional investors and hedge funds own 78.38% of the company’s stock.

Xcel Energy Stock Performance

NASDAQ XEL opened at $82.52 on Friday. The company has a fifty day moving average of $77.67 and a two-hundred day moving average of $77.44. The company has a market capitalization of $51.48 billion, a PE ratio of 24.13, a P/E/G ratio of 2.26 and a beta of 0.45. Xcel Energy Inc. has a 1 year low of $65.21 and a 1 year high of $84.23. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.71 and a quick ratio of 0.60.

Xcel Energy (NASDAQ:XEL) last posted its earnings results on Wednesday, February 4th. The company reported $0.96 EPS for the quarter, hitting analysts’ consensus estimates of $0.96. Xcel Energy had a return on equity of 10.46% and a net margin of 13.76%.The business had revenue of $3.56 billion for the quarter, compared to analysts’ expectations of $3.77 billion. During the same quarter in the previous year, the firm earned $0.81 earnings per share. The business’s revenue was up 14.1% compared to the same quarter last year. As a group, analysts expect that Xcel Energy Inc. will post 3.82 earnings per share for the current year.

Xcel Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 20th. Investors of record on Friday, March 13th will be paid a dividend of $0.5925 per share. The ex-dividend date is Friday, March 13th. This represents a $2.37 dividend on an annualized basis and a yield of 2.9%. This is a boost from Xcel Energy’s previous quarterly dividend of $0.57. Xcel Energy’s dividend payout ratio (DPR) is 66.67%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on XEL shares. Morgan Stanley set a $91.00 price objective on Xcel Energy in a research report on Friday, February 20th. Argus raised Xcel Energy to a “strong-buy” rating in a research report on Wednesday, December 3rd. UBS Group upgraded Xcel Energy from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $81.00 to $89.00 in a research note on Friday, February 13th. BTIG Research set a $94.00 price target on Xcel Energy in a report on Friday, January 30th. Finally, Barclays dropped their price target on shares of Xcel Energy from $85.00 to $82.00 and set an “overweight” rating on the stock in a research note on Thursday, January 15th. Three analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Xcel Energy currently has an average rating of “Buy” and an average target price of $88.60.

Xcel Energy Company Profile

Xcel Energy (NASDAQ: XEL) is a Minneapolis-based, publicly traded utility holding company that develops, owns and operates regulated electricity and natural gas delivery systems. The company’s core activities include generation, transmission and distribution of electricity, the delivery of natural gas to customers, and related customer service operations. Xcel provides a mix of utility services to residential, commercial and industrial customers and participates in wholesale energy markets where appropriate.

Its generation portfolio combines nuclear, natural gas, coal and a growing share of renewable resources such as wind and solar.