XTX Topco Ltd Sells 13,435 Shares of Xcel Energy Inc. (NASDAQ:XEL)

XTX Topco Ltd cut its stake in Xcel Energy Inc. (NASDAQ:XEL) by 80.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,229 shares of the company’s stock after selling 13,435 shares during the period. XTX Topco Ltd’s holdings in Xcel Energy were worth $229,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Harvest Fund Management Co. Ltd raised its stake in shares of Xcel Energy by 87.7% in the first quarter. Harvest Fund Management Co. Ltd now owns 77,709 shares of the company’s stock valued at $5,340,000 after acquiring an additional 36,312 shares during the last quarter. Banque Cantonale Vaudoise bought a new stake in shares of Xcel Energy during the first quarter worth approximately $709,000. GSA Capital Partners LLP bought a new stake in Xcel Energy in the first quarter valued at about $618,000. Federated Hermes Inc. increased its stake in Xcel Energy by 3.6% in the first quarter. Federated Hermes Inc. now owns 2,568,340 shares of the company’s stock valued at $181,813,000 after purchasing an additional 89,249 shares in the last quarter. Finally, Geneos Wealth Management Inc. increased its position in shares of Xcel Energy by 75.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 38,740 shares of the company’s stock valued at $2,980,000 after buying an additional 16,641 shares in the last quarter. 78.38% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on XEL. BMO Capital Markets increased their price objective on shares of Xcel Energy from $69.00 to $73.00 and gave the stock a “market perform” rating in a research report on Wednesday, April 23rd. Mizuho raised their price target on Xcel Energy from $74.00 to $78.00 and gave the company an “outperform” rating in a research note on Friday, August 1st. 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. Morgan Stanley decreased their price objective on shares of Xcel Energy from $78.00 to $77.00 and set an “equal weight” rating for the company in a research report on Wednesday, June 18th. Finally, Evercore ISI lifted their price objective on shares of Xcel Energy from $74.00 to $77.00 and gave the stock an “outperform” rating in a research report on Monday, April 28th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $76.00.

Xcel Energy Stock Performance

NASDAQ:XEL opened at $72.39 on Wednesday. The stock has a fifty day moving average price of $69.69 and a 200-day moving average price of $69.48. The company has a market cap of $42.81 billion, a price-to-earnings ratio of 20.05, a PEG ratio of 2.45 and a beta of 0.34. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.85 and a current ratio of 0.96. Xcel Energy Inc. has a fifty-two week low of $58.31 and a fifty-two week high of $74.57.

Xcel Energy (NASDAQ:XEL) last posted its quarterly earnings data on Thursday, July 31st. The company reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.09. Xcel Energy had a net margin of 14.85% and a return on equity of 10.52%. The business had revenue of $3.29 billion during the quarter, compared to analysts’ expectations of $3.31 billion. During the same quarter in the prior year, the business posted $0.54 earnings per share. Xcel Energy’s revenue was up 8.6% compared to the same quarter last year. As a group, equities analysts anticipate that Xcel Energy Inc. will post 3.82 EPS for the current fiscal year.

Xcel Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 20th. Investors of record on Monday, September 15th will be paid a $0.57 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $2.28 annualized dividend and a yield of 3.1%. Xcel Energy’s dividend payout ratio is presently 63.16%.

Xcel Energy Company Profile

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.