Xcel Energy Inc. $XEL Shares Sold by Electron Capital Partners LLC

Electron Capital Partners LLC decreased its stake in Xcel Energy Inc. (NASDAQ:XEL) by 0.9% during the first quarter, Holdings Channel reports. The institutional investor owned 1,918,768 shares of the company’s stock after selling 17,927 shares during the quarter. Xcel Energy makes up approximately 6.0% of Electron Capital Partners LLC’s investment portfolio, making the stock its 3rd largest position. Electron Capital Partners LLC’s holdings in Xcel Energy were worth $152,427,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the business. Evolution Wealth Management Inc. raised its position in Xcel Energy by 365.3% during the first quarter. Evolution Wealth Management Inc. now owns 349 shares of the company’s stock worth $28,000 after acquiring an additional 274 shares during the period. Garton & Associates Financial Advisors LLC purchased a new stake in shares of Xcel Energy during the fourth quarter worth $30,000. Pittenger & Anderson Inc. raised its position in shares of Xcel Energy by 73.8% in the fourth quarter. Pittenger & Anderson Inc. now owns 471 shares of the company’s stock valued at $35,000 after buying an additional 200 shares during the last quarter. Cedar Mountain Advisors LLC purchased a new position in shares of Xcel Energy in the first quarter worth about $39,000. Finally, Measured Wealth Private Client Group LLC purchased a new position in shares of Xcel Energy in the third quarter worth about $42,000. Hedge funds and other institutional investors own 78.38% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on XEL shares. KeyCorp restated an “overweight” rating on shares of Xcel Energy in a research report on Monday, June 8th. New Street Research set a $91.00 target price on Xcel Energy in a research note on Tuesday, June 23rd. Wall Street Zen lowered Xcel Energy from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. Truist Financial boosted their price target on shares of Xcel Energy from $92.00 to $94.00 and gave the company a “buy” rating in a research report on Thursday, July 16th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Xcel Energy in a report on Wednesday, June 17th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $92.65.

Xcel Energy Stock Down 1.2%

Shares of XEL opened at $80.71 on Tuesday. The firm has a market cap of $50.38 billion, a P/E ratio of 23.26, a price-to-earnings-growth ratio of 2.12 and a beta of 0.39. Xcel Energy Inc. has a 12-month low of $69.16 and a 12-month high of $84.23. The company’s 50-day moving average price is $79.65 and its 200 day moving average price is $79.34. The company has a current ratio of 0.77, a quick ratio of 0.68 and a debt-to-equity ratio of 1.45.

Xcel Energy (NASDAQ:XEL) last announced its earnings results on Wednesday, April 29th. The company reported $0.91 earnings per share for the quarter, hitting the consensus estimate of $0.91. Xcel Energy had a net margin of 14.14% and a return on equity of 10.37%. The company had revenue of $4.02 billion during the quarter, compared to analyst estimates of $4.21 billion. During the same quarter last year, the firm posted $0.84 earnings per share. Xcel Energy’s revenue was up 2.9% compared to the same quarter last year. On average, sell-side analysts forecast that Xcel Energy Inc. will post 4.11 earnings per share for the current year.

Xcel Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, July 20th. Investors of record on Monday, June 15th were issued a $0.5925 dividend. This represents a $2.37 annualized dividend and a yield of 2.9%. The ex-dividend date was Monday, June 15th. Xcel Energy’s dividend payout ratio (DPR) is 68.30%.

Xcel Energy Company 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.