Dorsey & Whitney Trust CO LLC Sells 4,498 Shares of Xcel Energy Inc. (NASDAQ:XEL)

Dorsey & Whitney Trust CO LLC trimmed its position in shares of Xcel Energy Inc. (NASDAQ:XEL) by 25.6% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 13,096 shares of the company’s stock after selling 4,498 shares during the quarter. Dorsey & Whitney Trust CO LLC’s holdings in Xcel Energy were worth $699,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD increased its stake in shares of Xcel Energy by 770.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 7,552,625 shares of the company’s stock worth $405,955,000 after acquiring an additional 6,684,499 shares in the last quarter. Jupiter Asset Management Ltd. bought a new position in shares of Xcel Energy during the first quarter valued at approximately $80,283,000. Zimmer Partners LP lifted its holdings in shares of Xcel Energy by 1,765.0% during the first quarter. Zimmer Partners LP now owns 932,505 shares of the company’s stock valued at $50,122,000 after purchasing an additional 882,505 shares during the last quarter. Los Angeles Capital Management LLC boosted its position in shares of Xcel Energy by 725.1% in the 2nd quarter. Los Angeles Capital Management LLC now owns 907,030 shares of the company’s stock worth $48,444,000 after purchasing an additional 797,096 shares in the last quarter. Finally, National Bank of Canada FI grew its stake in shares of Xcel Energy by 89.4% in the 2nd quarter. National Bank of Canada FI now owns 1,534,971 shares of the company’s stock worth $80,478,000 after buying an additional 724,558 shares during the last quarter. Hedge funds and other institutional investors own 78.38% of the company’s stock.

Xcel Energy Trading Up 0.0 %

Shares of NASDAQ:XEL opened at $63.85 on Thursday. The stock’s 50-day simple moving average is $58.32 and its two-hundred day simple moving average is $55.39. The stock has a market capitalization of $35.48 billion, a price-to-earnings ratio of 19.17, a PEG ratio of 2.77 and a beta of 0.38. Xcel Energy Inc. has a 52-week low of $46.79 and a 52-week high of $64.25. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.86 and a current ratio of 0.97.

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

Xcel Energy Increases Dividend

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

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Morgan Stanley lifted their price target on Xcel Energy from $62.00 to $68.00 and gave the stock an “equal weight” rating in a research report on Friday, August 23rd. Argus raised shares of Xcel Energy from a “hold” rating to a “buy” rating and set a $68.00 target price for the company in a report on Monday, August 26th. Finally, Wells Fargo & Company raised their price target on shares of Xcel Energy from $57.00 to $63.00 and gave the company an “equal weight” rating in a research report on Friday, August 2nd. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $62.92.

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.