Xcel Energy Inc. $XEL Stake Reduced by Tectonic Advisors LLC

Tectonic Advisors LLC lessened its holdings in shares of Xcel Energy Inc. (NASDAQ:XEL) by 59.1% during the third quarter, Holdings Channel.com reports. The institutional investor owned 5,416 shares of the company’s stock after selling 7,841 shares during the quarter. Tectonic Advisors LLC’s holdings in Xcel Energy were worth $382,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Evolution Wealth Management Inc. lifted its position in shares of Xcel Energy by 365.3% in the first quarter. Evolution Wealth Management Inc. now owns 349 shares of the company’s stock valued at $28,000 after buying an additional 274 shares during the last quarter. Pin Oak Investment Advisors Inc. bought a new position in shares of Xcel Energy during the 2nd quarter worth approximately $29,000. James T. Borello RIA boosted its stake in shares of Xcel Energy by 59.6% during the 3rd quarter. James T. Borello RIA now owns 367 shares of the company’s stock worth $26,000 after acquiring an additional 137 shares during the period. GK Wealth Management LLC bought a new position in shares of Xcel Energy during the 3rd quarter worth approximately $28,000. Finally, First Bancorp Inc ME acquired a new position in shares of Xcel Energy during the 2nd quarter worth approximately $36,000. Institutional investors own 78.38% of the company’s stock.

Xcel Energy Stock Performance

Shares of NASDAQ:XEL opened at $78.05 on Monday. Xcel Energy Inc. has a 12-month low of $68.72 and a 12-month high of $84.23. The stock has a market cap of $48.75 billion, a PE ratio of 21.38, a P/E/G ratio of 2.59 and a beta of 0.36. The business has a 50 day moving average of $74.68 and a 200-day moving average of $77.85. The company has a quick ratio of 0.62, a current ratio of 0.70 and a debt-to-equity ratio of 1.49.

Xcel Energy (NASDAQ:XEL) last posted its earnings results on Wednesday, July 29th. The company reported $0.93 EPS for the quarter, beating the consensus estimate of $0.79 by $0.14. The company had revenue of $3.12 billion for the quarter, compared to the consensus estimate of $3.54 billion. Xcel Energy had a return on equity of 10.65% and a net margin of 15.28%. The firm’s revenue for the quarter 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. As a group, equities research analysts forecast that Xcel Energy Inc. will post 4.13 earnings per share for the current year.

Xcel Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 20th. Investors of record on Tuesday, September 15th were paid a $0.5925 dividend. The ex-dividend date was Tuesday, September 15th. This represents a $2.37 annualized dividend and a yield of 3.0%. Xcel Energy’s payout ratio is 64.93%.

Analyst Ratings Changes

A number of research firms recently weighed in on XEL. Royal Bank Of Canada set a $86.00 price target on Xcel Energy in a research note on Tuesday, October 20th. JPMorgan Chase & Co. cut their price target on Xcel Energy from $97.00 to $92.00 and set an “overweight” rating for the company in a report on Tuesday, October 13th. Wall Street Zen raised shares of Xcel Energy from a “sell” rating to a “hold” rating in a research report on Saturday, September 26th. The Goldman Sachs Group decreased their price objective on shares of Xcel Energy from $95.00 to $93.00 in a report on Thursday, October 15th. Finally, Mizuho set a $92.00 price objective on shares of Xcel Energy and gave the company an “outperform” rating in a report on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $90.21.

Xcel Energy Profile

Xcel Energy Inc is a public utility holding company that provides electricity and natural gas services to residential, commercial, and industrial customers. Its operations include the generation, transmission, distribution, and sale of electricity, as well as the distribution and sale of natural gas.

The company serves customers across Colorado, Michigan, Minnesota, New Mexico, North Dakota, South Dakota, Texas, and Wisconsin through operating companies including Northern States Power, Public Service Company of Colorado, Southwestern Public Service Company, and NSP-Wisconsin.