Xcel Energy Inc. (NASDAQ:XEL) Stock Holdings Reduced by Triumph Capital Management

Triumph Capital Management lowered its position in Xcel Energy Inc. (NASDAQ:XEL) by 20.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,092 shares of the company’s stock after selling 1,040 shares during the quarter. Triumph Capital Management’s holdings in Xcel Energy were worth $276,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of XEL. Brookstone Capital Management boosted its stake in shares of Xcel Energy by 6.0% during the 4th quarter. Brookstone Capital Management now owns 6,066 shares of the company’s stock worth $410,000 after acquiring an additional 343 shares in the last quarter. Park Avenue Securities LLC boosted its stake in shares of Xcel Energy by 47.9% during the 4th quarter. Park Avenue Securities LLC now owns 19,202 shares of the company’s stock worth $1,297,000 after acquiring an additional 6,219 shares in the last quarter. Occidental Asset Management LLC bought a new stake in shares of Xcel Energy during the 4th quarter worth about $217,000. Procyon Advisors LLC boosted its stake in shares of Xcel Energy by 6.9% during the 4th quarter. Procyon Advisors LLC now owns 28,617 shares of the company’s stock worth $1,932,000 after acquiring an additional 1,845 shares in the last quarter. Finally, Merit Financial Group LLC boosted its stake in Xcel Energy by 389.8% during the 4th quarter. Merit Financial Group LLC now owns 17,108 shares of the company’s stock valued at $1,155,000 after purchasing an additional 13,615 shares during the period. Hedge funds and other institutional investors own 78.38% of the company’s stock.

Xcel Energy Trading Up 1.6%

Shares of XEL opened at $72.38 on Friday. Xcel Energy Inc. has a 1 year low of $51.97 and a 1 year high of $73.38. The company has a current ratio of 0.93, a quick ratio of 0.82 and a debt-to-equity ratio of 1.42. The stock has a 50 day simple moving average of $69.73 and a 200-day simple moving average of $68.75. The stock has a market cap of $41.75 billion, a PE ratio of 21.04, a PEG ratio of 2.62 and a beta of 0.38.

Xcel Energy (NASDAQ:XEL) last issued its earnings results on Thursday, April 24th. The company reported $0.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.11). Xcel Energy had a return on equity of 10.65% and a net margin of 14.40%. The company had revenue of $3.91 billion during the quarter, compared to analyst estimates of $3.93 billion. During the same period in the previous year, the company posted $0.88 earnings per share. The company’s quarterly revenue was up 7.0% on a year-over-year basis. On average, sell-side analysts predict that Xcel Energy Inc. will post 3.82 EPS for the current fiscal year.

Xcel Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Sunday, April 20th. Shareholders of record on Friday, March 14th were given a $0.57 dividend. This is an increase from Xcel Energy’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend was Friday, March 14th. This represents a $2.28 annualized dividend and a yield of 3.15%. Xcel Energy’s payout ratio is presently 67.06%.

Insider Buying and Selling at Xcel Energy

In other Xcel Energy news, Director Devin W. Stockfish acquired 2,170 shares of the business’s stock in a transaction on Tuesday, March 11th. The stock was purchased at an average price of $68.93 per share, for a total transaction of $149,578.10. Following the transaction, the director now owns 3,007 shares in the company, valued at $207,272.51. This trade represents a 259.26% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.09% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. UBS Group increased their target price on Xcel Energy from $73.00 to $77.00 and gave the company a “neutral” rating in a research note on Tuesday, April 1st. Evercore ISI increased their target price on Xcel Energy from $74.00 to $77.00 and gave the company an “outperform” rating in a research note on Monday, April 28th. Barclays increased their target price on Xcel Energy from $72.00 to $73.00 and gave the company an “overweight” rating in a research note on Tuesday, April 22nd. StockNews.com upgraded Xcel Energy from a “sell” rating to a “hold” rating in a research note on Friday, May 2nd. Finally, Morgan Stanley set a $79.00 target price on Xcel Energy and gave the company an “outperform” rating in a research note on Wednesday, April 23rd. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $76.00.

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.