BTC Capital Management Inc. Sells 114,022 Shares of Xcel Energy Inc. $XEL

BTC Capital Management Inc. lowered its position in Xcel Energy Inc. (NASDAQ:XEL) by 52.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 101,448 shares of the company’s stock after selling 114,022 shares during the quarter. BTC Capital Management Inc.’s holdings in Xcel Energy were worth $7,500,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Twin Peaks Wealth Advisors LLC bought a new position in Xcel Energy in the 2nd quarter valued at about $25,000. ORG Partners LLC boosted its holdings in shares of 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. Vermillion & White Wealth Management Group LLC acquired a new position in shares of Xcel Energy in the third quarter valued at approximately $27,000. Abound Wealth Management grew its position in shares of Xcel Energy by 394.5% in the fourth quarter. Abound Wealth Management now owns 361 shares of the company’s stock valued at $27,000 after purchasing an additional 288 shares during the last quarter. Finally, First Command Advisory Services Inc. bought a new position in shares of Xcel Energy during the third quarter worth approximately $32,000. Institutional investors own 78.38% of the company’s stock.

Xcel Energy Stock Up 0.3%

XEL stock opened at $79.44 on Wednesday. Xcel Energy Inc. has a 52 week low of $65.21 and a 52 week high of $84.23. The business has a 50-day simple moving average of $79.40 and a 200 day simple moving average of $78.31. The company has a quick ratio of 0.60, a current ratio of 0.71 and a debt-to-equity ratio of 1.35. The company has a market cap of $49.56 billion, a PE ratio of 23.23, a price-to-earnings-growth ratio of 2.17 and a beta of 0.45.

Xcel Energy (NASDAQ:XEL) last released its earnings results on Wednesday, February 4th. The company reported $0.96 EPS for the quarter, meeting the consensus estimate of $0.96. The firm had revenue of $3.56 billion for the quarter, compared to analyst estimates of $3.77 billion. Xcel Energy had a net margin of 13.76% and a return on equity of 10.46%. The business’s quarterly revenue was up 14.1% compared to the same quarter last year. During the same period last year, the firm earned $0.81 EPS. Sell-side analysts anticipate that Xcel Energy Inc. will post 3.82 EPS for the current fiscal year.

Xcel Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 20th. Investors of record on Friday, March 13th will be paid a $0.5925 dividend. This represents a $2.37 dividend on an annualized basis and a yield of 3.0%. This is a positive change from Xcel Energy’s previous quarterly dividend of $0.57. The ex-dividend date of this dividend is Friday, March 13th. Xcel Energy’s payout ratio is 69.30%.

Analyst Upgrades and Downgrades

XEL has been the subject of several research reports. Morgan Stanley set a $91.00 price target on Xcel Energy in a report on Friday, February 20th. Weiss Ratings upgraded Xcel Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, March 20th. BMO Capital Markets reissued an “outperform” rating and issued a $90.00 target price on shares of Xcel Energy in a research report on Friday, February 6th. JPMorgan Chase & Co. lowered their price target on shares of Xcel Energy from $90.00 to $87.00 and set an “overweight” rating on the stock in a research report on Thursday, December 11th. Finally, Mizuho set a $86.00 target price on shares of Xcel Energy in a report on Friday, January 9th. Three research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $88.44.

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.