Leeward Investments LLC MA Trims Stock Position in Xcel Energy Inc. $XEL

Leeward Investments LLC MA lowered its holdings in shares of Xcel Energy Inc. (NASDAQ:XEL) by 22.6% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 107,572 shares of the company’s stock after selling 31,447 shares during the quarter. Leeward Investments LLC MA’s holdings in Xcel Energy were worth $7,945,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Quadrant Capital Group LLC increased its position in shares of Xcel Energy by 1.7% during the 3rd quarter. Quadrant Capital Group LLC now owns 7,358 shares of the company’s stock valued at $593,000 after purchasing an additional 125 shares during the last quarter. TIAA Trust National Association increased its position in shares of Xcel Energy by 1.0% during the 3rd quarter. TIAA Trust National Association now owns 12,683 shares of the company’s stock valued at $1,022,000 after purchasing an additional 126 shares during the last quarter. Intrust Bank NA increased its position in shares of Xcel Energy by 1.3% during the 3rd quarter. Intrust Bank NA now owns 11,360 shares of the company’s stock valued at $916,000 after purchasing an additional 142 shares during the last quarter. GeoWealth Management LLC increased its position in shares of Xcel Energy by 4.8% during the 3rd quarter. GeoWealth Management LLC now owns 3,185 shares of the company’s stock valued at $257,000 after purchasing an additional 145 shares during the last quarter. Finally, First Business Financial Services Inc. increased its position in shares of Xcel Energy by 3.6% during the 3rd quarter. First Business Financial Services Inc. now owns 4,312 shares of the company’s stock valued at $348,000 after purchasing an additional 150 shares during the last quarter. Hedge funds and other institutional investors own 78.38% of the company’s stock.

Xcel Energy Stock Down 2.6%

XEL opened at $77.92 on Friday. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.68 and a current ratio of 0.77. Xcel Energy Inc. has a fifty-two week low of $65.21 and a fifty-two week high of $84.23. The firm’s fifty day moving average is $80.12 and its 200 day moving average is $78.67. The stock has a market cap of $48.64 billion, a price-to-earnings ratio of 22.46, a price-to-earnings-growth ratio of 2.08 and a beta of 0.41.

Xcel Energy (NASDAQ:XEL) last released its earnings results on Wednesday, April 29th. The company reported $0.91 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.91. Xcel Energy had a net margin of 14.14% and a return on equity of 10.37%. The company had revenue of $4.02 billion for the quarter, compared to analysts’ expectations of $4.21 billion. During the same quarter in the previous year, the company earned $0.84 EPS. Xcel Energy’s revenue for the quarter was up 2.9% on a year-over-year basis. On average, sell-side analysts forecast that Xcel Energy Inc. will post 4.11 earnings per share for the current fiscal year.

Xcel Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 20th. Investors of record on Friday, March 13th were paid a dividend of $0.5925 per share. This is a positive change from Xcel Energy’s previous quarterly dividend of $0.57. The ex-dividend date was Friday, March 13th. This represents a $2.37 dividend on an annualized basis and a dividend yield of 3.0%. Xcel Energy’s dividend payout ratio is presently 68.30%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Wall Street Zen lowered Xcel Energy from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. JPMorgan Chase & Co. cut their price target on Xcel Energy from $94.00 to $91.00 and set an “overweight” rating for the company in a report on Thursday. Weiss Ratings raised Xcel Energy from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, March 20th. Truist Financial assumed coverage on Xcel Energy in a report on Monday, April 20th. They set a “buy” rating and a $95.00 price target for the company. Finally, Evercore reissued an “outperform” rating and set a $96.00 price target on shares of Xcel Energy in a report on Monday, May 4th. Four equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $91.13.

About Xcel Energy

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.