STF Management LP Sells 358 Shares of Xcel Energy Inc. (NASDAQ:XEL)

STF Management LP cut its stake in Xcel Energy Inc. (NASDAQ:XEL) by 3.9% in the second quarter, HoldingsChannel.com reports. The fund owned 8,862 shares of the company’s stock after selling 358 shares during the period. STF Management LP’s holdings in Xcel Energy were worth $473,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Dimensional Fund Advisors LP grew its position in shares of Xcel Energy by 10.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,854,333 shares of the company’s stock valued at $99,046,000 after purchasing an additional 174,653 shares during the period. Bruce & Co. Inc. grew its position in shares of Xcel Energy by 1.6% in the 2nd quarter. Bruce & Co. Inc. now owns 196,000 shares of the company’s stock valued at $10,468,000 after purchasing an additional 3,000 shares during the period. Teilinger Capital Ltd. grew its position in shares of Xcel Energy by 53.8% in the 2nd quarter. Teilinger Capital Ltd. now owns 600,000 shares of the company’s stock valued at $32,046,000 after purchasing an additional 210,000 shares during the period. OV Management LLC grew its position in shares of Xcel Energy by 1.8% in the 2nd quarter. OV Management LLC now owns 22,500 shares of the company’s stock valued at $1,202,000 after purchasing an additional 400 shares during the period. Finally, Envestnet Asset Management Inc. boosted its position in Xcel Energy by 57.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,270,615 shares of the company’s stock worth $67,864,000 after acquiring an additional 465,884 shares during the last quarter. 78.38% of the stock is owned by institutional investors.

Xcel Energy Trading Up 1.1 %

NASDAQ XEL opened at $64.56 on Tuesday. Xcel Energy Inc. has a 12 month low of $46.79 and a 12 month high of $64.95. The stock has a 50 day moving average of $59.02 and a 200-day moving average of $55.54. The company has a current ratio of 0.97, a quick ratio of 0.86 and a debt-to-equity ratio of 1.54. The company has a market cap of $35.87 billion, a PE ratio of 19.39, a PEG ratio of 2.81 and a beta of 0.38.

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

Xcel Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Sunday, October 20th. Investors of record on Friday, September 13th will be paid a $0.548 dividend. This represents a $2.19 dividend on an annualized basis and a yield of 3.40%. The ex-dividend date of this dividend is Friday, September 13th. This is a boost from Xcel Energy’s previous quarterly dividend of $0.55. Xcel Energy’s dividend payout ratio is 65.77%.

Analyst Upgrades and Downgrades

XEL has been the subject of a number of recent research reports. KeyCorp upped their price target on Xcel Energy from $65.00 to $66.00 and gave the stock an “overweight” rating in a research report on Monday. Argus raised Xcel Energy from a “hold” rating to a “buy” rating and set a $68.00 price target for the company in a research report on Monday, August 26th. Wells Fargo & Company upped their price target on Xcel Energy from $57.00 to $63.00 and gave the stock an “equal weight” rating in a research report on Friday, August 2nd. Finally, Morgan Stanley upped 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. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $63.00.

Xcel Energy Company 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.