2,382 Shares in Xcel Energy Inc. (NASDAQ:XEL) Acquired by Quarry LP

Quarry LP purchased a new position in shares of Xcel Energy Inc. (NASDAQ:XEL) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 2,382 shares of the company’s stock, valued at approximately $127,000.

Several other hedge funds and other institutional investors have also modified their holdings of XEL. TD Asset Management Inc boosted its position in shares of Xcel Energy by 5.6% during the fourth quarter. TD Asset Management Inc now owns 214,790 shares of the company’s stock worth $13,298,000 after buying an additional 11,348 shares during the period. Stifel Financial Corp raised its stake in shares of Xcel Energy by 67.6% in the fourth quarter. Stifel Financial Corp now owns 226,411 shares of the company’s stock valued at $14,017,000 after acquiring an additional 91,346 shares in the last quarter. KBC Group NV raised its stake in shares of Xcel Energy by 8.5% in the fourth quarter. KBC Group NV now owns 37,094 shares of the company’s stock valued at $2,296,000 after acquiring an additional 2,916 shares in the last quarter. CIBC Asset Management Inc raised its stake in shares of Xcel Energy by 4.2% in the fourth quarter. CIBC Asset Management Inc now owns 202,964 shares of the company’s stock valued at $12,566,000 after acquiring an additional 8,218 shares in the last quarter. Finally, Rafferty Asset Management LLC raised its stake in shares of Xcel Energy by 17.7% in the fourth quarter. Rafferty Asset Management LLC now owns 237,256 shares of the company’s stock valued at $14,689,000 after acquiring an additional 35,618 shares in the last quarter. 78.38% of the stock is currently owned by hedge funds and other institutional investors.

Xcel Energy Stock Up 0.0 %

XEL opened at $65.32 on Wednesday. The business’s 50-day simple moving average is $61.22 and its 200-day simple moving average is $56.59. 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 Inc. has a one year low of $46.79 and a one year high of $65.64. The stock has a market capitalization of $36.29 billion, a P/E ratio of 19.62, a price-to-earnings-growth ratio of 2.82 and a beta of 0.38.

Xcel Energy (NASDAQ:XEL) last posted its earnings results 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 quarter last year, the firm posted $0.52 EPS. The firm’s revenue for the quarter was up .2% on a year-over-year basis. Analysts anticipate that Xcel Energy Inc. will post 3.55 EPS 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 given a dividend of $0.548 per share. The ex-dividend date is Friday, September 13th. This represents a $2.19 dividend on an annualized basis and a dividend yield of 3.36%. This is a boost from Xcel Energy’s previous quarterly dividend of $0.55. Xcel Energy’s payout ratio is 65.77%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on XEL. Wells Fargo & Company increased their price objective on Xcel Energy from $57.00 to $63.00 and gave the company an “equal weight” rating in a research note on Friday, August 2nd. UBS Group increased their price objective on Xcel Energy from $66.00 to $67.00 and gave the company a “neutral” rating in a research note on Friday, September 20th. Jefferies Financial Group started coverage on Xcel Energy in a research note on Thursday, September 19th. They issued a “hold” rating and a $70.00 price objective on the stock. KeyCorp raised their price target on Xcel Energy from $66.00 to $69.00 and gave the company an “overweight” rating in a research note on Monday. Finally, 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. Eight investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $64.36.

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.