QRG Capital Management Inc. Has $2.68 Million Position in Xcel Energy Inc. $XEL

QRG Capital Management Inc. reduced its holdings in Xcel Energy Inc. (NASDAQ:XEL) by 20.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 33,266 shares of the company’s stock after selling 8,516 shares during the quarter. QRG Capital Management Inc.’s holdings in Xcel Energy were worth $2,683,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Twin Peaks Wealth Advisors LLC acquired a new position in shares of Xcel Energy during the second quarter worth approximately $25,000. ORG Partners LLC increased its position in Xcel Energy by 168.4% during the third quarter. ORG Partners LLC now owns 314 shares of the company’s stock worth $25,000 after acquiring an additional 197 shares during the period. Clearstead Trust LLC increased its position in Xcel Energy by 202.2% during the second quarter. Clearstead Trust LLC now owns 417 shares of the company’s stock worth $28,000 after acquiring an additional 279 shares during the period. Salomon & Ludwin LLC raised its stake in Xcel Energy by 98.8% during the 3rd quarter. Salomon & Ludwin LLC now owns 509 shares of the company’s stock valued at $41,000 after purchasing an additional 253 shares during the last quarter. Finally, RMG Wealth Management LLC bought a new stake in Xcel Energy in the 2nd quarter valued at $46,000. Institutional investors own 78.38% of the company’s stock.

Analyst Ratings Changes

XEL has been the topic of several research reports. Jefferies Financial Group boosted their price objective on shares of Xcel Energy from $84.00 to $92.00 and gave the stock a “buy” rating in a report on Thursday, October 16th. Bank of America lifted their target price on Xcel Energy from $78.00 to $84.00 and gave the stock a “buy” rating in a research report on Thursday, September 25th. KeyCorp lowered their price target on Xcel Energy from $85.00 to $84.00 and set an “overweight” rating on the stock in a research note on Friday, December 12th. BMO Capital Markets raised their price objective on Xcel Energy from $84.00 to $87.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 15th. Finally, Cowen assumed coverage on Xcel Energy in a research report on Wednesday, October 15th. They set a “buy” rating on the stock. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $87.00.

Xcel Energy Stock Up 0.3%

NASDAQ XEL opened at $75.61 on Tuesday. Xcel Energy Inc. has a 1-year low of $65.21 and a 1-year high of $83.01. The company has a market capitalization of $44.73 billion, a price-to-earnings ratio of 23.05, a PEG ratio of 2.07 and a beta of 0.46. The stock’s 50 day moving average is $76.55 and its two-hundred day moving average is $75.62. The company has a current ratio of 0.79, a quick ratio of 0.69 and a debt-to-equity ratio of 1.51.

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

Xcel Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 20th. Stockholders of record on Monday, December 29th will be issued a $0.57 dividend. The ex-dividend date of this dividend is Monday, December 29th. This represents a $2.28 annualized dividend and a dividend yield of 3.0%. Xcel Energy’s dividend payout ratio is presently 69.51%.

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.