Amalgamated Bank Sells 2,186 Shares of Xcel Energy Inc. (NASDAQ:XEL)

Amalgamated Bank lessened its position in shares of Xcel Energy Inc. (NASDAQ:XEL) by 1.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 112,117 shares of the company’s stock after selling 2,186 shares during the quarter. Amalgamated Bank’s holdings in Xcel Energy were worth $5,988,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Argent Trust Co grew its holdings in Xcel Energy by 9.9% in the second quarter. Argent Trust Co now owns 9,864 shares of the company’s stock worth $527,000 after purchasing an additional 885 shares during the last quarter. Wealth Alliance grew its stake in Xcel Energy by 140.2% during the 2nd quarter. Wealth Alliance now owns 24,094 shares of the company’s stock worth $1,287,000 after buying an additional 14,062 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Xcel Energy by 10.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,854,333 shares of the company’s stock valued at $99,046,000 after buying an additional 174,653 shares in the last quarter. Bruce & Co. Inc. increased its position in Xcel Energy by 1.6% during the 2nd quarter. Bruce & Co. Inc. now owns 196,000 shares of the company’s stock valued at $10,468,000 after buying an additional 3,000 shares in the last quarter. Finally, Teilinger Capital Ltd. raised its stake in Xcel Energy by 53.8% in the second quarter. Teilinger Capital Ltd. now owns 600,000 shares of the company’s stock valued at $32,046,000 after buying an additional 210,000 shares during the last quarter. Institutional investors own 78.38% of the company’s stock.

Xcel Energy Stock Up 0.1 %

Xcel Energy stock opened at $64.13 on Friday. The business’s 50-day moving average price is $59.89 and its 200 day moving average price is $55.85. The company has a quick ratio of 0.86, a current ratio of 0.97 and a debt-to-equity ratio of 1.54. The firm has a market cap of $35.63 billion, a price-to-earnings ratio of 19.26, a price-to-earnings-growth ratio of 2.81 and a beta of 0.38. Xcel Energy Inc. has a 52 week low of $46.79 and a 52 week high of $64.95.

Xcel Energy (NASDAQ:XEL) last issued 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). Xcel Energy had a return on equity of 10.94% and a net margin of 13.46%. The firm had revenue of $3.03 billion for the quarter, compared to analyst estimates of $3.29 billion. During the same period in the previous year, the business earned $0.52 EPS. Xcel Energy’s revenue for the quarter was up .2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Xcel Energy Inc. will post 3.55 earnings per share for the current year.

Xcel Energy Increases Dividend

The company 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 dividend of $0.548 per share. This is a positive change from Xcel Energy’s previous quarterly dividend of $0.55. This represents a $2.19 annualized dividend and a dividend yield of 3.42%. The ex-dividend date of this dividend is Friday, September 13th. Xcel Energy’s dividend payout ratio is presently 65.77%.

Analyst Upgrades and Downgrades

XEL has been the topic of a number of research analyst reports. Argus upgraded Xcel Energy from a “hold” rating to a “buy” rating and set a $68.00 price target on the stock in a research note on Monday, August 26th. UBS Group boosted their target price on shares of Xcel Energy from $66.00 to $67.00 and gave the stock a “neutral” rating in a research report on Friday. KeyCorp raised their price target on shares of Xcel Energy from $65.00 to $66.00 and gave the stock an “overweight” rating in a report on Monday, September 16th. Jefferies Financial Group initiated coverage on shares of Xcel Energy in a research note on Thursday. They set a “hold” rating and a $70.00 price objective for the company. Finally, Morgan Stanley upped their target price on Xcel Energy from $62.00 to $68.00 and gave the company an “equal weight” rating in a research report on Friday, August 23rd. Eight research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, Xcel Energy currently has a consensus rating of “Hold” and a consensus target price of $63.79.

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.