Teza Capital Management LLC Sells 15,555 Shares of Xcel Energy Inc. (NASDAQ:XEL)

Teza Capital Management LLC cut its stake in shares of Xcel Energy Inc. (NASDAQ:XEL) by 65.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,243 shares of the company’s stock after selling 15,555 shares during the period. Teza Capital Management LLC’s holdings in Xcel Energy were worth $557,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the stock. Bank of America Corp DE lifted its stake in shares of Xcel Energy by 43.6% during the 4th quarter. Bank of America Corp DE now owns 20,762,745 shares of the company’s stock worth $1,401,901,000 after acquiring an additional 6,306,380 shares during the last quarter. FMR LLC lifted its position in shares of Xcel Energy by 118.3% during the fourth quarter. FMR LLC now owns 6,608,044 shares of the company’s stock worth $446,175,000 after purchasing an additional 3,581,436 shares during the last quarter. Pictet Asset Management Holding SA boosted its stake in shares of Xcel Energy by 236.7% during the fourth quarter. Pictet Asset Management Holding SA now owns 4,878,279 shares of the company’s stock valued at $329,381,000 after purchasing an additional 3,429,353 shares during the period. Janus Henderson Group PLC grew its holdings in shares of Xcel Energy by 379.3% in the fourth quarter. Janus Henderson Group PLC now owns 4,022,085 shares of the company’s stock worth $271,578,000 after purchasing an additional 3,182,939 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA grew its holdings in shares of Xcel Energy by 15.9% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 17,613,239 shares of the company’s stock worth $1,189,246,000 after purchasing an additional 2,422,483 shares during the last quarter. 78.38% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Xcel Energy news, Director Devin W. Stockfish bought 2,170 shares of the firm’s stock in a transaction dated Tuesday, March 11th. The stock was acquired at an average price of $68.93 per share, for a total transaction of $149,578.10. Following the completion of the purchase, the director now owns 3,007 shares of the company’s stock, valued at approximately $207,272.51. This represents a 259.26% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.09% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of analysts recently issued reports on XEL shares. Morgan Stanley set a $79.00 price target on Xcel Energy and gave the company an “outperform” rating in a report on Wednesday, April 23rd. StockNews.com upgraded Xcel Energy from a “sell” rating to a “hold” rating in a report on Friday, May 2nd. Evercore ISI increased their price target on Xcel Energy from $74.00 to $77.00 and gave the stock an “outperform” rating in a research report on Monday, April 28th. Wells Fargo & Company set a $78.00 price target on Xcel Energy and gave the company an “overweight” rating in a research note on Friday, April 25th. Finally, UBS Group upped their price objective on shares of Xcel Energy from $73.00 to $77.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 1st. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $76.00.

Xcel Energy Trading Down 0.2%

NASDAQ XEL opened at $72.21 on Tuesday. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.93 and a quick ratio of 0.82. The stock has a market capitalization of $41.65 billion, a P/E ratio of 20.99, a PEG ratio of 2.62 and a beta of 0.38. The firm’s 50-day moving average is $69.80 and its two-hundred day moving average is $68.81. Xcel Energy Inc. has a 12 month low of $51.97 and a 12 month high of $73.38.

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

Xcel Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Sunday, April 20th. Stockholders of record on Friday, March 14th were given a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 3.16%. The ex-dividend date was Friday, March 14th. This is a positive change from Xcel Energy’s previous quarterly dividend of $0.55. Xcel Energy’s dividend payout ratio (DPR) is 67.06%.

About Xcel Energy

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.