Xcel Energy Inc. $XEL Holdings Boosted by Teilinger Capital Ltd.

Teilinger Capital Ltd. grew its position in shares of Xcel Energy Inc. (NASDAQ:XEL) by 73.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 355,000 shares of the company’s stock after purchasing an additional 150,000 shares during the quarter. Xcel Energy makes up about 1.4% of Teilinger Capital Ltd.’s holdings, making the stock its 3rd largest position. Teilinger Capital Ltd. owned 0.06% of Xcel Energy worth $26,220,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Vermillion & White Wealth Management Group LLC purchased a new position in shares of Xcel Energy during the third quarter worth about $27,000. Abound Wealth Management grew its holdings in shares of Xcel Energy by 394.5% during the fourth quarter. Abound Wealth Management now owns 361 shares of the company’s stock worth $27,000 after purchasing an additional 288 shares during the last quarter. Beacon Financial Strategies CORP purchased a new position in shares of Xcel Energy during the fourth quarter worth about $33,000. Pittenger & Anderson Inc. grew its holdings in shares of Xcel Energy by 73.8% during the fourth quarter. Pittenger & Anderson Inc. now owns 471 shares of the company’s stock worth $35,000 after purchasing an additional 200 shares during the last quarter. Finally, Advocate Investing Services LLC purchased a new position in shares of Xcel Energy during the fourth quarter worth about $38,000. Hedge funds and other institutional investors own 78.38% of the company’s stock.

Xcel Energy Stock Performance

NASDAQ XEL opened at $79.22 on Friday. The company has a quick ratio of 0.68, a current ratio of 0.77 and a debt-to-equity ratio of 1.45. Xcel Energy Inc. has a 52-week low of $65.21 and a 52-week high of $84.23. The business’s 50-day moving average price is $79.74 and its 200 day moving average price is $78.44. The firm has a market cap of $49.45 billion, a P/E ratio of 22.83, a P/E/G ratio of 2.03 and a beta of 0.39.

Xcel Energy (NASDAQ:XEL) last released its quarterly earnings results on Wednesday, April 29th. The company reported $0.91 earnings per share (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 firm had revenue of $4.02 billion for the quarter, compared to analyst estimates of $4.21 billion. During the same quarter last year, the company posted $0.84 earnings per share. The business’s revenue was up 2.9% on a year-over-year basis. On average, equities research analysts expect that Xcel Energy Inc. will post 4.11 earnings per share for the current year.

Xcel Energy Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Truist Financial dropped their price objective on Xcel Energy from $95.00 to $92.00 and set a “buy” rating on the stock in a report on Monday, May 18th. Morgan Stanley set a $87.00 price objective on Xcel Energy in a report on Thursday, May 21st. Barclays dropped their price objective on Xcel Energy from $91.00 to $87.00 and set an “overweight” rating on the stock in a report on Tuesday, May 12th. Weiss Ratings raised Xcel Energy from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, March 20th. Finally, BMO Capital Markets raised their price objective on Xcel Energy from $90.00 to $94.00 and gave the stock an “outperform” rating in a report on Wednesday, April 22nd. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, Xcel Energy has an average rating of “Buy” and a consensus price target of $90.63.

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.