Xcel Energy Inc. (NASDAQ:XEL) Shares Sold by Teilinger Capital Ltd.

Teilinger Capital Ltd. cut its stake in shares of Xcel Energy Inc. (NASDAQ:XEL) by 45.8% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 325,000 shares of the company’s stock after selling 275,000 shares during the period. Xcel Energy comprises approximately 6.3% of Teilinger Capital Ltd.’s investment portfolio, making the stock its 6th biggest position. Teilinger Capital Ltd. owned approximately 0.06% of Xcel Energy worth $21,222,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Kowal Investment Group LLC acquired a new stake in Xcel Energy in the third quarter valued at $215,000. Sumitomo Life Insurance Co. increased its holdings in Xcel Energy by 2.9% in the third quarter. Sumitomo Life Insurance Co. now owns 6,591 shares of the company’s stock valued at $430,000 after purchasing an additional 183 shares during the period. HTLF Bank acquired a new stake in Xcel Energy in the third quarter valued at $225,000. Creative Planning increased its holdings in Xcel Energy by 1.5% in the third quarter. Creative Planning now owns 286,755 shares of the company’s stock valued at $18,725,000 after purchasing an additional 4,136 shares during the period. Finally, Wesbanco Bank Inc. acquired a new stake in Xcel Energy in the third quarter valued at $236,000. 78.38% of the stock is currently owned by institutional investors and hedge funds.

Xcel Energy Stock Down 0.7 %

Shares of NASDAQ:XEL traded down $0.48 during mid-day trading on Thursday, hitting $63.53. 218,236 shares of the company traded hands, compared to its average volume of 4,134,857. The stock has a market cap of $35.30 billion, a P/E ratio of 19.22, a P/E/G ratio of 2.75 and a beta of 0.39. The stock has a 50-day moving average price of $62.39 and a two-hundred day moving average price of $57.39. Xcel Energy Inc. has a 12-month low of $46.79 and a 12-month high of $65.64. The company has a current ratio of 0.97, a quick ratio of 0.86 and a debt-to-equity ratio of 1.54.

Xcel Energy (NASDAQ:XEL) last posted its earnings results on Thursday, August 1st. The company reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.57 by ($0.03). The firm had revenue of $3.03 billion during the quarter, compared to the consensus estimate of $3.29 billion. Xcel Energy had a return on equity of 10.94% and a net margin of 13.46%. The business’s revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.52 EPS. On average, equities research analysts forecast that Xcel Energy Inc. will post 3.55 earnings per share for the current year.

Xcel Energy Increases Dividend

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

Analysts Set New Price Targets

A number of research firms recently weighed in on XEL. Morgan Stanley increased their price objective on Xcel Energy from $68.00 to $73.00 and gave the company an “equal weight” rating in a report on Wednesday, September 25th. Wells Fargo & Company lifted their price objective on Xcel Energy from $63.00 to $66.00 and gave the stock an “equal weight” rating in a research report on Wednesday. UBS Group raised their price target on shares of Xcel Energy from $66.00 to $67.00 and gave the stock a “neutral” rating in a report on Friday, September 20th. Argus upgraded shares of Xcel Energy from a “hold” rating to a “buy” rating and set a $68.00 price objective on the stock in a report on Monday, August 26th. Finally, Jefferies Financial Group initiated coverage on shares of Xcel Energy in a research report on Thursday, September 19th. They set a “hold” rating and a $70.00 price objective on the stock. Eight equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $64.57.

Xcel Energy Company Profile

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.