Y Intercept Hong Kong Ltd Sells 9,343 Shares of Xcel Energy Inc. $XEL

Y Intercept Hong Kong Ltd cut its holdings in shares of Xcel Energy Inc. (NASDAQ:XEL) by 28.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 24,030 shares of the company’s stock after selling 9,343 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Xcel Energy were worth $1,938,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently modified their holdings of XEL. Sequoia Financial Advisors LLC raised its holdings in Xcel Energy by 35.4% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 35,803 shares of the company’s stock valued at $2,438,000 after acquiring an additional 9,355 shares during the period. Balyasny Asset Management L.P. grew its stake in shares of Xcel Energy by 2,324.9% in the second quarter. Balyasny Asset Management L.P. now owns 1,716,351 shares of the company’s stock valued at $116,884,000 after acquiring an additional 1,645,571 shares in the last quarter. Apollon Wealth Management LLC increased its position in Xcel Energy by 94.0% during the third quarter. Apollon Wealth Management LLC now owns 31,131 shares of the company’s stock worth $2,511,000 after acquiring an additional 15,083 shares during the period. VCI Wealth Management LLC acquired a new stake in Xcel Energy in the 3rd quarter worth about $1,176,000. Finally, Jump Financial LLC acquired a new stake in Xcel Energy in the 2nd quarter worth about $9,196,000. Institutional investors and hedge funds own 78.38% of the company’s stock.

Xcel Energy Trading Down 0.4%

Shares of Xcel Energy stock opened at $76.01 on Thursday. The firm has a market capitalization of $44.96 billion, a PE ratio of 23.17, a price-to-earnings-growth ratio of 2.09 and a beta of 0.46. The company has a current ratio of 0.79, a quick ratio of 0.69 and a debt-to-equity ratio of 1.51. The firm’s 50 day moving average is $75.89 and its 200 day moving average is $75.95. Xcel Energy Inc. has a 1 year low of $65.21 and a 1 year high of $83.01.

Xcel Energy (NASDAQ:XEL) last announced its quarterly earnings results on Wednesday, October 29th. The company reported $1.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.32 by ($0.08). The business had revenue of $3.92 billion during the quarter, compared to analyst estimates of $3.89 billion. Xcel Energy had a net margin of 13.46% and a return on equity of 10.45%. The company’s revenue was up 7.4% compared to the same quarter last year. During the same quarter last year, the company posted $1.25 earnings per share. Equities research analysts forecast that Xcel Energy Inc. will post 3.82 earnings per share for the current fiscal year.

Xcel Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 20th. Investors of record on Monday, December 29th were paid a dividend of $0.57 per share. The ex-dividend date of this dividend was Monday, December 29th. This represents a $2.28 annualized dividend and a yield of 3.0%. Xcel Energy’s dividend payout ratio (DPR) is currently 69.51%.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. Barclays lowered their target price on shares of Xcel Energy from $85.00 to $82.00 and set an “overweight” rating on the stock in a report on Thursday, January 15th. UBS Group dropped their price objective on Xcel Energy from $86.00 to $81.00 and set a “neutral” rating for the company in a report on Wednesday, December 17th. Argus raised Xcel Energy to a “strong-buy” rating in a report on Wednesday, December 3rd. Jefferies Financial Group upped their price objective on shares of Xcel Energy from $84.00 to $92.00 and gave the stock a “buy” rating in a research report on Thursday, October 16th. Finally, BMO Capital Markets raised their target price on shares of Xcel Energy from $84.00 to $87.00 and gave the company an “outperform” rating in a report on Wednesday, October 15th. Three equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $87.53.

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.