Qsemble Capital Management LP Acquires Shares of 120,626 Xcel Energy Inc. $XEL

Qsemble Capital Management LP acquired a new stake in Xcel Energy Inc. (NASDAQ:XEL) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 120,626 shares of the company’s stock, valued at approximately $8,909,000. Xcel Energy accounts for approximately 0.7% of Qsemble Capital Management LP’s holdings, making the stock its 23rd largest position.

Several other large investors also recently added to or reduced their stakes in XEL. Vermillion & White Wealth Management Group LLC purchased a new stake in shares of Xcel Energy in the 3rd quarter worth approximately $27,000. Abound Wealth Management lifted its position in shares of Xcel Energy by 394.5% in the 4th quarter. Abound Wealth Management now owns 361 shares of the company’s stock worth $27,000 after purchasing an additional 288 shares during the period. First Command Advisory Services Inc. purchased a new stake in shares of Xcel Energy in the 3rd quarter worth approximately $32,000. Beacon Financial Strategies CORP purchased a new stake in shares of Xcel Energy in the 4th quarter worth approximately $33,000. Finally, Pittenger & Anderson Inc. lifted its position in shares of Xcel Energy by 73.8% in the 4th quarter. Pittenger & Anderson Inc. now owns 471 shares of the company’s stock worth $35,000 after purchasing an additional 200 shares during the period. 78.38% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

XEL has been the subject of several research reports. Evercore reaffirmed an “outperform” rating and issued a $96.00 price target on shares of Xcel Energy in a research report on Monday, May 4th. JPMorgan Chase & Co. lowered their price target on shares of Xcel Energy from $94.00 to $91.00 and set an “overweight” rating for the company in a research report on Thursday. Wall Street Zen cut shares of Xcel Energy from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. BTIG Research set a $94.00 price target on shares of Xcel Energy in a research report on Friday, January 30th. Finally, Weiss Ratings raised shares of Xcel Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, March 20th. Four investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $91.13.

Xcel Energy Stock Down 2.6%

Xcel Energy stock opened at $77.92 on Friday. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.77 and a quick ratio of 0.68. The stock has a market capitalization of $48.64 billion, a price-to-earnings ratio of 22.46, a PEG ratio of 2.08 and a beta of 0.41. Xcel Energy Inc. has a 1-year low of $65.21 and a 1-year high of $84.23. The business has a fifty day moving average price of $80.12 and a 200-day moving average price of $78.67.

Xcel Energy (NASDAQ:XEL) last posted its quarterly earnings data on Wednesday, April 29th. The company reported $0.91 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.91. The firm had revenue of $4.02 billion during the quarter, compared to analysts’ expectations of $4.21 billion. Xcel Energy had a return on equity of 10.37% and a net margin of 14.14%.The business’s quarterly revenue was up 2.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.84 EPS. Equities research analysts forecast that Xcel Energy Inc. will post 4.11 EPS for the current fiscal year.

Xcel Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 20th. Stockholders of record on Friday, March 13th were given a $0.5925 dividend. This represents a $2.37 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend was Friday, March 13th. This is a positive change from Xcel Energy’s previous quarterly dividend of $0.57. Xcel Energy’s payout ratio is 68.30%.

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.