Xcel Energy Inc. $XEL Shares Sold by 111 Capital

111 Capital reduced its stake in Xcel Energy Inc. (NASDAQ:XEL) by 52.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,521 shares of the company’s stock after selling 11,593 shares during the period. 111 Capital’s holdings in Xcel Energy were worth $777,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in XEL. Vestcor Inc increased its position in shares of Xcel Energy by 64.9% during the fourth quarter. Vestcor Inc now owns 101,926 shares of the company’s stock worth $7,528,000 after purchasing an additional 40,133 shares in the last quarter. OneAscent Financial Services LLC purchased a new position in shares of Xcel Energy during the fourth quarter worth about $578,000. Pinebridge Investments LLC purchased a new position in shares of Xcel Energy during the fourth quarter worth about $1,858,000. PBU The Pension Fund of Early Childhood & Youth Educators purchased a new position in shares of Xcel Energy during the fourth quarter worth about $8,560,000. Finally, Parallel Advisors LLC grew its holdings in shares of Xcel Energy by 2.3% during the fourth quarter. Parallel Advisors LLC now owns 7,105 shares of the company’s stock worth $525,000 after buying an additional 160 shares during the last quarter. 78.38% of the stock is owned by institutional investors and hedge funds.

Xcel Energy Trading Up 1.6%

XEL stock opened at $79.04 on Friday. The company has a market cap of $49.34 billion, a price-to-earnings ratio of 22.78, a PEG ratio of 2.02 and a beta of 0.39. The company has a quick ratio of 0.68, a current ratio of 0.77 and a debt-to-equity ratio of 1.45. The business has a fifty day simple moving average of $79.81 and a 200-day simple moving average of $78.51. Xcel Energy Inc. has a 52 week low of $65.21 and a 52 week high of $84.23.

Xcel Energy (NASDAQ:XEL) last released its quarterly earnings data on Wednesday, April 29th. The company reported $0.91 EPS for the quarter, hitting analysts’ consensus estimates of $0.91. Xcel Energy had a return on equity of 10.37% and a net margin of 14.14%.The business had revenue of $4.02 billion during the quarter, compared to the consensus estimate of $4.21 billion. During the same period in the prior year, the firm posted $0.84 EPS. The business’s revenue for the quarter was up 2.9% on a year-over-year basis. On average, equities research analysts expect that Xcel Energy Inc. will post 4.11 EPS for the current year.

Xcel Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, July 20th. Stockholders of record on Monday, June 15th will be given a dividend of $0.5925 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $2.37 annualized dividend and a dividend yield of 3.0%. Xcel Energy’s dividend payout ratio (DPR) is presently 68.30%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Evercore reaffirmed an “outperform” rating and issued a $96.00 price objective on shares of Xcel Energy in a report on Monday, May 4th. BMO Capital Markets lifted their price objective on Xcel Energy from $90.00 to $94.00 and gave the company an “outperform” rating in a report on Wednesday, April 22nd. UBS Group boosted their price target on Xcel Energy from $89.00 to $91.00 and gave the stock a “buy” rating in a research note on Monday, April 20th. Morgan Stanley set a $87.00 price target on Xcel Energy in a research note on Thursday, May 21st. Finally, JPMorgan Chase & Co. dropped their price target on Xcel Energy from $94.00 to $91.00 and set an “overweight” rating for the company in a research report on Thursday, May 14th. Three research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of $90.63.

Xcel Energy 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.