Trivium Point Advisory LLC Acquires New Position in Xcel Energy Inc. $XEL

Trivium Point Advisory LLC acquired a new stake in Xcel Energy Inc. (NASDAQ:XEL) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 6,883 shares of the company’s stock, valued at approximately $553,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Evolution Wealth Management Inc. raised its stake in shares of Xcel Energy by 365.3% during the first quarter. Evolution Wealth Management Inc. now owns 349 shares of the company’s stock valued at $28,000 after acquiring an additional 274 shares in the last quarter. Garton & Associates Financial Advisors LLC bought a new position in Xcel Energy in the fourth quarter worth approximately $30,000. Pittenger & Anderson Inc. grew its stake in Xcel Energy by 73.8% in the fourth quarter. Pittenger & Anderson Inc. now owns 471 shares of the company’s stock worth $35,000 after purchasing an additional 200 shares in the last quarter. Advocate Investing Services LLC purchased a new position in Xcel Energy during the 4th quarter worth $38,000. Finally, Cedar Mountain Advisors LLC purchased a new position in Xcel Energy during the 1st quarter worth $39,000. 78.38% of the stock is currently owned by institutional investors.

Xcel Energy Stock Performance

Shares of NASDAQ:XEL opened at $79.17 on Monday. The company has a market capitalization of $49.45 billion, a price-to-earnings ratio of 21.69, a price-to-earnings-growth ratio of 2.06 and a beta of 0.39. Xcel Energy Inc. has a 52 week low of $69.16 and a 52 week high of $84.23. The company has a quick ratio of 0.62, a current ratio of 0.70 and a debt-to-equity ratio of 1.49. The firm has a 50 day moving average of $79.32 and a 200 day moving average of $79.64.

Xcel Energy (NASDAQ:XEL) last posted its earnings results on Thursday, July 30th. The company reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.14. The company had revenue of $3.12 billion during the quarter, compared to analyst estimates of $3.54 billion. Xcel Energy had a return on equity of 10.65% and a net margin of 15.28%.Xcel Energy’s revenue was down 5.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.59 earnings per share. On average, sell-side analysts predict that Xcel Energy Inc. will post 4.11 earnings per share for the current fiscal year.

Xcel Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 20th. Investors of record on Tuesday, September 15th will be paid a dividend of $0.5925 per share. This represents a $2.37 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date is Tuesday, September 15th. Xcel Energy’s dividend payout ratio is 64.93%.

Analyst Ratings Changes

Several brokerages have weighed in on XEL. Morgan Stanley set a $89.00 target price on Xcel Energy in a report on Wednesday, June 24th. BTIG Research restated a “buy” rating and set a $99.00 price target on shares of Xcel Energy in a research note on Friday, July 31st. Jefferies Financial Group set a $101.00 price objective on Xcel Energy in a report on Tuesday, July 7th. Wall Street Zen downgraded Xcel Energy from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. Finally, BMO Capital Markets lowered their price objective on shares of Xcel Energy from $95.00 to $92.00 and set an “outperform” rating for the company in a research note on Wednesday, July 22nd. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Xcel Energy presently has an average rating of “Buy” and a consensus target price of $92.41.

Xcel Energy Company Profile

Xcel Energy (NASDAQ: XEL) is a Minneapolis-based, publicly traded utility holding company that develops, owns and operates regulated electricity and natural gas delivery systems. The company’s core activities include generation, transmission and distribution of electricity, the delivery of natural gas to customers, and related customer service operations. Xcel provides a mix of utility services to residential, commercial and industrial customers and participates in wholesale energy markets where appropriate.

Its generation portfolio combines nuclear, natural gas, coal and a growing share of renewable resources such as wind and solar.