Sunpointe LLC Invests $202,000 in Xcel Energy Inc. (NASDAQ:XEL)

Sunpointe LLC purchased a new stake in shares of Xcel Energy Inc. (NASDAQ:XEL) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 3,752 shares of the company’s stock, valued at approximately $202,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Criterion Capital Advisors LLC bought a new stake in Xcel Energy in the fourth quarter worth $25,000. Pacific Capital Wealth Advisors Inc. purchased a new stake in Xcel Energy during the 4th quarter valued at about $25,000. Heritage Wealth Advisors purchased a new position in Xcel Energy in the fourth quarter worth about $25,000. Capital Analysts LLC lifted its stake in shares of Xcel Energy by 293.6% in the fourth quarter. Capital Analysts LLC now owns 433 shares of the company’s stock worth $26,000 after buying an additional 323 shares in the last quarter. Finally, Tidemark LLC purchased a new stake in shares of Xcel Energy during the fourth quarter valued at approximately $29,000. 78.38% of the stock is owned by hedge funds and other institutional investors.

Xcel Energy Stock Down 0.4 %

Shares of XEL stock traded down $0.27 on Tuesday, hitting $59.88. The stock had a trading volume of 1,314,631 shares, compared to its average volume of 4,381,728. Xcel Energy Inc. has a one year low of $46.79 and a one year high of $64.25. The business has a 50 day moving average price of $55.55 and a 200 day moving average price of $55.02. The company has a market cap of $33.27 billion, a PE ratio of 18.15, a P/E/G ratio of 2.60 and a beta of 0.37. The company has a quick ratio of 0.74, a current ratio of 0.86 and a debt-to-equity ratio of 1.48.

Xcel Energy (NASDAQ:XEL) last announced its quarterly earnings results on Thursday, August 1st. The company reported $0.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.03). Xcel Energy had a net margin of 13.46% and a return on equity of 11.00%. The company had revenue of $3.03 billion during the quarter, compared to analysts’ expectations of $3.29 billion. During the same quarter in the prior year, the business posted $0.52 earnings per share. The company’s revenue was up .2% compared to the same quarter last year. Research analysts anticipate that Xcel Energy Inc. will post 3.55 earnings per share for the current fiscal year.

Xcel Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Sunday, October 20th. Stockholders of record on Friday, September 13th will be paid a $0.548 dividend. This is an increase from Xcel Energy’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend is Friday, September 13th. This represents a $2.19 dividend on an annualized basis and a dividend yield of 3.66%. Xcel Energy’s dividend payout ratio is presently 65.77%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. Evercore ISI lifted their price target on shares of Xcel Energy from $54.00 to $59.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. Barclays raised their price objective on shares of Xcel Energy from $56.00 to $57.00 and gave the stock an “overweight” rating in a report on Tuesday, April 30th. StockNews.com upgraded shares of Xcel Energy from a “sell” rating to a “hold” rating in a research report on Thursday, May 2nd. Wells Fargo & Company boosted their price objective on shares of Xcel Energy from $57.00 to $63.00 and gave the company an “equal weight” rating in a research report on Friday, August 2nd. Finally, Morgan Stanley decreased their target price on Xcel Energy from $65.00 to $62.00 and set an “equal weight” rating on the stock in a report on Monday, June 24th. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $61.91.

Xcel Energy 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.