111 Capital Sells 11,593 Shares of Xcel Energy Inc. $XEL

111 Capital trimmed its stake in Xcel Energy Inc. (NASDAQ:XEL) by 52.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,521 shares of the company’s stock after selling 11,593 shares during the period. 111 Capital’s holdings in Xcel Energy were worth $777,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of XEL. Bank of America Corp DE lifted its stake in shares of Xcel Energy by 9.9% during the 3rd quarter. Bank of America Corp DE now owns 28,851,485 shares of the company’s stock worth $2,326,872,000 after acquiring an additional 2,589,406 shares during the last quarter. Barclays PLC raised its position in Xcel Energy by 54.3% during the 3rd quarter. Barclays PLC now owns 6,098,386 shares of the company’s stock valued at $491,835,000 after purchasing an additional 2,145,063 shares in the last quarter. Vanguard Group Inc. raised its position in Xcel Energy by 2.7% during the 3rd quarter. Vanguard Group Inc. now owns 76,725,720 shares of the company’s stock valued at $6,187,929,000 after purchasing an additional 2,001,018 shares in the last quarter. State Street Corp raised its position in Xcel Energy by 5.1% during the 3rd quarter. State Street Corp now owns 35,896,553 shares of the company’s stock valued at $2,914,984,000 after purchasing an additional 1,752,296 shares in the last quarter. Finally, Raymond James Financial Inc. raised its position in Xcel Energy by 100.3% during the 2nd quarter. Raymond James Financial Inc. now owns 2,519,061 shares of the company’s stock valued at $171,548,000 after purchasing an additional 1,261,439 shares in the last quarter. 78.38% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently issued reports on XEL shares. Evercore reiterated an “outperform” rating and issued a $96.00 price target on shares of Xcel Energy in a report on Monday, May 4th. KeyCorp lifted their price target on Xcel Energy from $89.00 to $90.00 and gave the company an “overweight” rating in a report on Tuesday, April 21st. JPMorgan Chase & Co. cut their price target on Xcel Energy from $94.00 to $91.00 and set an “overweight” rating on the stock in a report on Thursday, May 14th. BMO Capital Markets lifted their price target on Xcel Energy from $90.00 to $94.00 and gave the company an “outperform” rating in a report on Wednesday, April 22nd. Finally, Barclays cut their price target on Xcel Energy from $91.00 to $87.00 and set an “overweight” rating on the stock in a report on Tuesday, May 12th. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of $90.63.

Xcel Energy Stock Performance

Shares of XEL stock opened at $79.04 on Friday. The stock has a market cap of $49.34 billion, a PE ratio of 22.78, a price-to-earnings-growth ratio of 2.02 and a beta of 0.39. The business has a 50-day simple moving average of $79.81 and a 200-day simple moving average of $78.51. The company has a quick ratio of 0.68, a current ratio of 0.77 and a debt-to-equity ratio of 1.45. Xcel Energy Inc. has a 52-week low of $65.21 and a 52-week high of $84.23.

Xcel Energy (NASDAQ:XEL) last released its quarterly earnings results on Wednesday, April 29th. The company reported $0.91 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.91. Xcel Energy had a return on equity of 10.37% and a net margin of 14.14%.The company had revenue of $4.02 billion during the quarter, compared to analysts’ expectations of $4.21 billion. During the same quarter in the prior year, the firm posted $0.84 EPS. Xcel Energy’s quarterly revenue was up 2.9% compared to the same quarter last year. On average, equities analysts expect that Xcel Energy Inc. will post 4.11 EPS for the current year.

Xcel Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 20th. Investors of record on Monday, June 15th will be given a $0.5925 dividend. This represents a $2.37 annualized dividend and a yield of 3.0%. The ex-dividend date is Monday, June 15th. Xcel Energy’s dividend payout ratio is presently 68.30%.

About Xcel Energy

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.