Xcel Energy Inc. (NASDAQ:XEL) Shares Sold by Trust Point Inc.

Trust Point Inc. cut its stake in Xcel Energy Inc. (NASDAQ:XEL) by 3.0% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 9,911 shares of the company’s stock after selling 309 shares during the period. Trust Point Inc.’s holdings in Xcel Energy were worth $702,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Sierra Ocean LLC acquired a new stake in shares of Xcel Energy in the fourth quarter worth approximately $26,000. Fairway Wealth LLC purchased a new position in Xcel Energy in the fourth quarter valued at approximately $27,000. Rothschild Investment LLC raised its holdings in Xcel Energy by 26.0% in the fourth quarter. Rothschild Investment LLC now owns 731 shares of the company’s stock valued at $49,000 after buying an additional 151 shares during the period. Itau Unibanco Holding S.A. purchased a new position in Xcel Energy in the fourth quarter valued at approximately $52,000. Finally, Creative Financial Designs Inc. ADV raised its holdings in Xcel Energy by 23.2% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 827 shares of the company’s stock valued at $56,000 after buying an additional 156 shares during the period. 78.38% of the stock is owned by institutional investors and hedge funds.

Xcel Energy Trading Down 1.2%

XEL opened at $66.79 on Tuesday. The firm has a market capitalization of $38.52 billion, a P/E ratio of 19.42, a P/E/G ratio of 2.62 and a beta of 0.37. The firm’s 50 day moving average is $69.73 and its 200-day moving average is $68.75. Xcel Energy Inc. has a 52-week low of $51.97 and a 52-week high of $73.38. The company has a quick ratio of 0.82, a current ratio of 0.93 and a debt-to-equity ratio of 1.42.

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 analysts’ consensus estimates of $0.95 by ($0.11). The firm had revenue of $3.91 billion for 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%. The company’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.88 EPS. Analysts expect that Xcel Energy Inc. will post 3.82 EPS for the current fiscal year.

Xcel Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Sunday, July 20th. Investors of record on Friday, June 13th will be paid a $0.57 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 3.41%. Xcel Energy’s dividend payout ratio (DPR) is presently 67.06%.

Analysts Set New Price Targets

Several research analysts recently commented on XEL shares. Evercore ISI raised their price target on shares of Xcel Energy from $74.00 to $77.00 and gave the company an “outperform” rating in a report on Monday, April 28th. Wells Fargo & Company set a $78.00 price target on shares of Xcel Energy and gave the company an “overweight” rating in a report on Friday, April 25th. Barclays raised their price target on shares of Xcel Energy from $72.00 to $73.00 and gave the company an “overweight” rating in a report on Tuesday, April 22nd. Wall Street Zen lowered shares of Xcel Energy from a “hold” rating to a “sell” rating in a report on Tuesday, May 20th. Finally, Morgan Stanley set a $78.00 price target on shares of Xcel Energy and gave the company an “equal weight” rating in a report on Thursday, May 22nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, Xcel Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of $75.90.

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.