Triumph Capital Management Sells 195 Shares of Xcel Energy Inc. (NASDAQ:XEL)

Triumph Capital Management cut its position in Xcel Energy Inc. (NASDAQ:XEL) by 4.6% in the fourth quarter, HoldingsChannel.com reports. The firm owned 4,019 shares of the company’s stock after selling 195 shares during the period. Triumph Capital Management’s holdings in Xcel Energy were worth $249,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of Xcel Energy by 15.6% in the 3rd quarter. Vanguard Group Inc. now owns 64,062,856 shares of the company’s stock valued at $3,665,677,000 after purchasing an additional 8,644,054 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of Xcel Energy by 16.0% in the third quarter. Massachusetts Financial Services Co. MA now owns 18,521,863 shares of the company’s stock worth $1,059,821,000 after buying an additional 2,559,321 shares during the last quarter. Victory Capital Management Inc. lifted its stake in shares of Xcel Energy by 3.5% during the fourth quarter. Victory Capital Management Inc. now owns 7,766,048 shares of the company’s stock worth $480,796,000 after buying an additional 261,426 shares during the period. Northern Trust Corp grew its holdings in shares of Xcel Energy by 1.6% during the third quarter. Northern Trust Corp now owns 5,739,186 shares of the company’s stock valued at $328,396,000 after buying an additional 90,819 shares during the last quarter. Finally, Invesco Ltd. increased its position in shares of Xcel Energy by 11.6% in the 3rd quarter. Invesco Ltd. now owns 5,303,047 shares of the company’s stock valued at $303,440,000 after acquiring an additional 550,508 shares during the period. 78.38% of the stock is currently owned by institutional investors.

Xcel Energy Stock Performance

NASDAQ:XEL opened at $53.78 on Thursday. The company’s 50-day moving average price is $53.45 and its 200-day moving average price is $57.97. The company has a current ratio of 0.86, a quick ratio of 0.74 and a debt-to-equity ratio of 1.48. The company has a market cap of $29.88 billion, a P/E ratio of 16.15, a P/E/G ratio of 2.36 and a beta of 0.36. Xcel Energy Inc. has a twelve month low of $46.79 and a twelve month high of $70.11.

Xcel Energy (NASDAQ:XEL) last announced its quarterly earnings results on Thursday, April 25th. The company reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.08. Xcel Energy had a net margin of 13.36% and a return on equity of 11.03%. The business had revenue of $3.65 billion during the quarter, compared to analysts’ expectations of $4.12 billion. During the same period last year, the business earned $0.76 earnings per share. The business’s revenue for the quarter was down 10.6% on a year-over-year basis. On average, sell-side analysts forecast that Xcel Energy Inc. will post 3.56 earnings per share for the current fiscal year.

Xcel Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, April 20th. Stockholders of record on Friday, March 15th were paid a $0.548 dividend. This is a positive change from Xcel Energy’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $2.19 annualized dividend and a dividend yield of 4.08%. Xcel Energy’s dividend payout ratio (DPR) is presently 65.77%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on XEL shares. StockNews.com raised Xcel Energy from a “sell” rating to a “hold” rating in a report on Thursday. Wolfe Research raised shares of Xcel Energy from a “peer perform” rating to an “outperform” rating and set a $58.00 price target for the company in a research report on Monday, March 11th. JPMorgan Chase & Co. dropped their price objective on shares of Xcel Energy from $68.00 to $59.00 and set a “neutral” rating on the stock in a report on Wednesday, March 13th. TheStreet lowered shares of Xcel Energy from a “b-” rating to a “c+” rating in a research note on Thursday, March 14th. Finally, KeyCorp cut their price objective on shares of Xcel Energy from $68.00 to $65.00 and set an “overweight” rating on the stock in a research note on Friday, April 19th. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $62.83.

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.