Xcel Energy Inc. (NASDAQ:XEL) Shares Sold by Park Place Capital Corp

Park Place Capital Corp reduced its position in shares of Xcel Energy Inc. (NASDAQ:XEL) by 22.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,394 shares of the company’s stock after selling 1,532 shares during the period. Park Place Capital Corp’s holdings in Xcel Energy were worth $290,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Criterion Capital Advisors LLC purchased a new stake in shares of Xcel Energy during the 4th quarter worth $25,000. Heritage Wealth Advisors purchased a new stake in shares of Xcel Energy during the 4th quarter worth $25,000. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of Xcel Energy during the 4th quarter worth $25,000. Pacific Capital Wealth Advisors Inc. purchased a new stake in shares of Xcel Energy during the 4th quarter worth $25,000. Finally, Capital Analysts LLC lifted its position in shares of Xcel Energy by 293.6% during the 4th quarter. Capital Analysts LLC now owns 433 shares of the company’s stock worth $26,000 after purchasing an additional 323 shares during the last quarter. 78.38% of the stock is owned by hedge funds and other institutional investors.

Xcel Energy Trading Down 1.8 %

NASDAQ XEL opened at $52.43 on Tuesday. Xcel Energy Inc. has a one year low of $46.79 and a one year high of $65.62. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.74 and a current ratio of 0.86. The firm’s fifty day moving average is $54.58 and its two-hundred day moving average is $56.31. The firm has a market cap of $29.13 billion, a PE ratio of 15.74, a P/E/G ratio of 2.35 and a beta of 0.37.

Xcel Energy (NASDAQ:XEL) last announced its quarterly earnings results on Thursday, April 25th. The company reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.08. The company had revenue of $3.65 billion for the quarter, compared to the consensus estimate of $4.12 billion. Xcel Energy had a net margin of 13.36% and a return on equity of 11.03%. The company’s revenue for the quarter was down 10.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.76 earnings per share. Analysts expect that Xcel Energy Inc. will post 3.56 earnings per share for the current year.

Xcel Energy Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Saturday, July 20th. Shareholders of record on Friday, June 14th will be paid a dividend of $0.5475 per share. This represents a $2.19 dividend on an annualized basis and a yield of 4.18%. The ex-dividend date is Friday, June 14th. Xcel Energy’s dividend payout ratio is currently 65.77%.

Analyst Upgrades and Downgrades

XEL has been the subject of several recent analyst reports. JPMorgan Chase & Co. decreased their price objective on shares of Xcel Energy from $68.00 to $59.00 and set a “neutral” rating for the company in a research report on Wednesday, March 13th. Evercore ISI boosted their price target on shares of Xcel Energy from $54.00 to $59.00 and gave the company an “outperform” rating in a research report on Friday, April 26th. Bank of America boosted their price target on shares of Xcel Energy from $63.00 to $66.00 and gave the company a “buy” rating in a research report on Monday, April 29th. TheStreet cut shares of Xcel Energy from a “b-” rating to a “c+” rating in a research report on Thursday, March 14th. Finally, Barclays boosted their price target on shares of Xcel Energy from $56.00 to $57.00 and gave the company an “overweight” rating in a research report on Tuesday, April 30th. Six analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Xcel Energy has a consensus rating of “Moderate Buy” and an average price target of $62.00.

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.