Xcel Energy Inc. (NASDAQ:XEL) Stock Position Decreased by Seven Eight Capital LP

Seven Eight Capital LP decreased its holdings in shares of Xcel Energy Inc. (NASDAQ:XEL) by 96.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,052 shares of the company’s stock after selling 124,310 shares during the quarter. Seven Eight Capital LP’s holdings in Xcel Energy were worth $270,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of XEL. Heritage Wealth Advisors acquired a new position in shares of Xcel Energy during the fourth quarter valued at $25,000. TruNorth Capital Management LLC acquired a new position in Xcel Energy during the 2nd quarter valued at about $30,000. American National Bank bought a new position in Xcel Energy in the 2nd quarter worth about $32,000. Quarry LP bought a new position in Xcel Energy in the 4th quarter worth about $34,000. Finally, Rothschild Investment LLC acquired a new stake in shares of Xcel Energy in the second quarter valued at approximately $37,000. Institutional investors own 78.38% of the company’s stock.

Xcel Energy Stock Down 0.3 %

NASDAQ XEL opened at $63.96 on Tuesday. The company has a market capitalization of $35.54 billion, a P/E ratio of 19.21, a PEG ratio of 2.81 and a beta of 0.38. Xcel Energy Inc. has a 12 month low of $46.79 and a 12 month high of $64.95. The company has a debt-to-equity ratio of 1.54, a current ratio of 0.97 and a quick ratio of 0.86. The company’s 50 day simple moving average is $60.11 and its 200 day simple moving average is $56.06.

Xcel Energy (NASDAQ:XEL) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.54 EPS for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.03). The company had revenue of $3.03 billion for the quarter, compared to analyst estimates of $3.29 billion. Xcel Energy had a net margin of 13.46% and a return on equity of 10.94%. Xcel Energy’s revenue was up .2% on a year-over-year basis. During the same quarter last year, the company posted $0.52 EPS. Equities research analysts expect that Xcel Energy Inc. will post 3.55 earnings per share for the current fiscal year.

Xcel Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Sunday, October 20th. Investors of record on Friday, September 13th will be paid a $0.548 dividend. The ex-dividend date is Friday, September 13th. This represents a $2.19 dividend on an annualized basis and a yield of 3.43%. This is a boost from Xcel Energy’s previous quarterly dividend of $0.55. Xcel Energy’s dividend payout ratio (DPR) is currently 65.77%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. KeyCorp increased their price objective on Xcel Energy from $65.00 to $66.00 and gave the stock an “overweight” rating in a report on Monday, September 16th. UBS Group increased their price target on Xcel Energy from $66.00 to $67.00 and gave the stock a “neutral” rating in a research note on Friday. Wells Fargo & Company raised their price target on Xcel Energy from $57.00 to $63.00 and gave the company an “equal weight” rating in a report on Friday, August 2nd. Morgan Stanley upped their price objective on shares of Xcel Energy from $62.00 to $68.00 and gave the stock an “equal weight” rating in a report on Friday, August 23rd. Finally, Argus raised shares of Xcel Energy from a “hold” rating to a “buy” rating and set a $68.00 target price on the stock in a research note on Monday, August 26th. Eight equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, Xcel Energy presently has an average rating of “Hold” and an average price target of $63.79.

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.