Xcel Energy Inc. (NASDAQ:XEL) Shares Sold by Amalgamated Bank

Amalgamated Bank lowered its stake in Xcel Energy Inc. (NASDAQ:XEL) by 1.9% during the second quarter, according to its most recent 13F filing with the SEC. The firm 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 filing with the SEC.

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

Xcel Energy Trading Up 0.1 %

Shares of Xcel Energy stock opened at $64.13 on Friday. The stock has a 50 day moving average of $59.89 and a 200 day moving average of $55.85. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.86 and a current ratio of 0.97. The firm has a market capitalization of $35.63 billion, a price-to-earnings ratio of 19.26, a PEG ratio of 2.81 and a beta of 0.38. Xcel Energy Inc. has a fifty-two week low of $46.79 and a fifty-two week high of $64.95.

Xcel Energy (NASDAQ:XEL) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.54 earnings per share for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.03). The business had revenue of $3.03 billion for the quarter, compared to analysts’ expectations of $3.29 billion. Xcel Energy had a return on equity of 10.94% and a net margin of 13.46%. The business’s revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.52 earnings per share. As a group, research analysts predict that Xcel Energy Inc. will post 3.55 earnings per share for the current year.

Xcel Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Sunday, October 20th. Shareholders of record on Friday, September 13th will be given a dividend of $0.548 per share. The ex-dividend date of this dividend is Friday, September 13th. This is a boost from Xcel Energy’s previous quarterly dividend of $0.55. This represents a $2.19 dividend on an annualized basis and a dividend yield of 3.42%. Xcel Energy’s dividend payout ratio (DPR) is currently 65.77%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Jefferies Financial Group began coverage on Xcel Energy in a research note on Thursday. They issued a “hold” rating and a $70.00 price target on the stock. KeyCorp upped their target price 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. Morgan Stanley increased their target price on shares of Xcel Energy from $62.00 to $68.00 and gave the company an “equal weight” rating in a research report on Friday, August 23rd. Argus upgraded shares of Xcel Energy from a “hold” rating to a “buy” rating and set a $68.00 price target on the stock in a research report on Monday, August 26th. Finally, UBS Group increased their price objective on shares of Xcel Energy from $66.00 to $67.00 and gave the company a “neutral” rating in a report on Friday. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target 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.