Xcel Energy Inc. $XEL Shares Purchased by Teilinger Capital Ltd.

Teilinger Capital Ltd. grew its holdings in Xcel Energy Inc. (NASDAQ:XEL) by 73.2% in the 4th quarter, Holdings Channel reports. The institutional investor owned 355,000 shares of the company’s stock after buying an additional 150,000 shares during the quarter. Xcel Energy accounts for about 1.4% of Teilinger Capital Ltd.’s investment portfolio, making the stock its 3rd biggest holding. Teilinger Capital Ltd.’s holdings in Xcel Energy were worth $26,220,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of XEL. Vermillion & White Wealth Management Group LLC acquired a new stake in shares of Xcel Energy in the 3rd quarter valued at approximately $27,000. Abound Wealth Management lifted its holdings in shares of Xcel Energy by 394.5% in the 4th quarter. Abound Wealth Management now owns 361 shares of the company’s stock valued at $27,000 after buying an additional 288 shares during the period. Beacon Financial Strategies CORP acquired a new stake in shares of Xcel Energy in the 4th quarter valued at approximately $33,000. Pittenger & Anderson Inc. lifted its holdings in shares of Xcel Energy by 73.8% in the 4th quarter. Pittenger & Anderson Inc. now owns 471 shares of the company’s stock valued at $35,000 after buying an additional 200 shares during the period. Finally, Advocate Investing Services LLC acquired a new stake in shares of Xcel Energy in the 4th quarter valued at approximately $38,000. 78.38% of the stock is owned by institutional investors and hedge funds.

Xcel Energy Price Performance

Shares of NASDAQ:XEL opened at $79.22 on Friday. The business’s 50 day simple moving average is $79.74 and its 200-day simple moving average is $78.44. The firm has a market capitalization of $49.45 billion, a price-to-earnings ratio of 22.83, a price-to-earnings-growth ratio of 2.03 and a beta of 0.39. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.77 and a quick ratio of 0.68. Xcel Energy Inc. has a 12 month low of $65.21 and a 12 month high of $84.23.

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

Xcel Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 20th. Investors of record on Monday, June 15th will be given a dividend of $0.5925 per share. This represents a $2.37 annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Monday, June 15th. Xcel Energy’s payout ratio is currently 68.30%.

Analyst Upgrades and Downgrades

XEL has been the subject of several recent analyst reports. Evercore reissued an “outperform” rating and issued a $96.00 price target on shares of Xcel Energy in a report on Monday, May 4th. Wall Street Zen cut Xcel Energy from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. JPMorgan Chase & Co. reduced their price target on Xcel Energy from $94.00 to $91.00 and set an “overweight” rating for the company in a report on Thursday, May 14th. UBS Group boosted their price target on Xcel Energy from $89.00 to $91.00 and gave the stock a “buy” rating in a research note on Monday, April 20th. Finally, Truist Financial decreased their price target on Xcel Energy from $95.00 to $92.00 and set a “buy” rating on the stock in a research note on Monday, May 18th. Three research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Xcel Energy presently has a consensus rating of “Buy” and a consensus target price of $90.63.

Xcel Energy 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.