Xcel Energy Inc. (NASDAQ:XEL) Shares Sold by Teza Capital Management LLC

Teza Capital Management LLC cut its position in shares of Xcel Energy Inc. (NASDAQ:XEL) by 65.4% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 8,243 shares of the company’s stock after selling 15,555 shares during the quarter. Teza Capital Management LLC’s holdings in Xcel Energy were worth $557,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Sierra Ocean LLC purchased a new position in shares of Xcel Energy in the 4th quarter valued at $26,000. Fairway Wealth LLC purchased a new stake in shares of Xcel Energy in the fourth quarter worth about $27,000. Crews Bank & Trust acquired a new stake in shares of Xcel Energy in the fourth quarter valued at about $34,000. MCF Advisors LLC raised its holdings in shares of Xcel Energy by 566.3% during the 4th quarter. MCF Advisors LLC now owns 593 shares of the company’s stock valued at $40,000 after buying an additional 504 shares during the period. Finally, Rothschild Investment LLC lifted its position in Xcel Energy by 26.0% during the 4th quarter. Rothschild Investment LLC now owns 731 shares of the company’s stock worth $49,000 after acquiring an additional 151 shares in the last quarter. 78.38% of the stock is currently owned by institutional investors and hedge funds.

Xcel Energy Stock Performance

Xcel Energy stock opened at $72.21 on Tuesday. Xcel Energy Inc. has a fifty-two week low of $51.97 and a fifty-two week high of $73.38. The firm’s 50 day simple moving average is $69.80 and its 200-day simple moving average is $68.81. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.93 and a quick ratio of 0.82. The company has a market cap of $41.65 billion, a P/E ratio of 20.99, a price-to-earnings-growth ratio of 2.62 and a beta of 0.38.

Xcel Energy (NASDAQ:XEL) last announced its quarterly earnings data on Thursday, April 24th. The company reported $0.84 EPS for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.11). Xcel Energy had a return on equity of 10.65% and a net margin of 14.40%. The business had revenue of $3.91 billion for the quarter, compared to analyst estimates of $3.93 billion. During the same quarter in the previous year, the business posted $0.88 earnings per share. The company’s revenue was up 7.0% compared to the same quarter last year. As a group, equities research analysts predict that Xcel Energy Inc. will post 3.82 EPS for the current year.

Xcel Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Sunday, April 20th. Investors of record on Friday, March 14th were issued a dividend of $0.57 per share. This is a boost from Xcel Energy’s previous quarterly dividend of $0.55. This represents a $2.28 annualized dividend and a dividend yield of 3.16%. The ex-dividend date was Friday, March 14th. Xcel Energy’s dividend payout ratio (DPR) is currently 67.06%.

Insider Activity at Xcel Energy

In other news, Director Devin W. Stockfish acquired 2,170 shares of the company’s stock in a transaction that occurred on Tuesday, March 11th. The shares were purchased at an average price of $68.93 per share, for a total transaction of $149,578.10. Following the completion of the acquisition, the director now owns 3,007 shares of the company’s stock, valued at approximately $207,272.51. This represents a 259.26% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.09% of the stock is currently owned by insiders.

Analysts Set New Price Targets

XEL has been the topic of a number of recent research reports. Evercore ISI boosted their target price 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. Wells Fargo & Company set a $78.00 price objective on shares of Xcel Energy and gave the company an “overweight” rating in a research report on Friday, April 25th. BMO Capital Markets raised their target price on Xcel Energy from $69.00 to $73.00 and gave the company a “market perform” rating in a research note on Wednesday, April 23rd. UBS Group lifted their target price on Xcel Energy from $73.00 to $77.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 1st. Finally, Barclays boosted their price target on Xcel Energy from $72.00 to $73.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 22nd. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, Xcel Energy has an average rating of “Moderate Buy” and a consensus target price of $76.00.

About Xcel Energy

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.