Xcel Energy Inc. (NASDAQ:XEL) Shares Sold by Callan Family Office LLC

Key Points

• Callan Family Office LLC reduced its stake in Xcel Energy Inc. by 70.7%, now holding 4,028 shares worth $285,000, amidst a trend of mixed adjustments among institutional investors.
• Xcel Energy announced a quarterly dividend of $0.57 per share, with a 3.2% dividend yield, showcasing a healthy payout ratio of 63.16%.
• Analysts have generally positive outlooks for Xcel Energy, with a consensus target price of $76.00 and several firms raising their price targets recently.

Callan Family Office LLC reduced its position in shares of Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 70.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,028 shares of the company's stock after selling 9,741 shares during the period. Callan Family Office LLC's holdings in Xcel Energy were worth $285,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Conning Inc. lifted its stake in Xcel Energy by 4.1% in the first quarter. Conning Inc. now owns 4,400 shares of the company's stock worth $311,000 after acquiring an additional 172 shares during the last quarter. Redhawk Wealth Advisors Inc. lifted its stake in Xcel Energy by 4.3% in the first quarter. Redhawk Wealth Advisors Inc. now owns 4,406 shares of the company's stock worth $312,000 after acquiring an additional 182 shares during the last quarter. Benjamin Edwards Inc. lifted its stake in Xcel Energy by 1.1% in the fourth quarter. Benjamin Edwards Inc. now owns 16,605 shares of the company's stock worth $1,121,000 after acquiring an additional 183 shares during the last quarter. First Horizon Advisors Inc. lifted its stake in Xcel Energy by 3.1% in the first quarter. First Horizon Advisors Inc. now owns 5,998 shares of the company's stock worth $425,000 after acquiring an additional 183 shares during the last quarter. Finally, First National Advisers LLC lifted its stake in Xcel Energy by 0.5% in the first quarter. First National Advisers LLC now owns 33,930 shares of the company's stock worth $2,401,000 after acquiring an additional 183 shares during the last quarter. 78.38% of the stock is currently owned by institutional investors and hedge funds.

Xcel Energy Stock Down 0.6%

NASDAQ:XEL traded down $0.46 during trading hours on Friday, hitting $71.93. The stock had a trading volume of 7,792,732 shares, compared to its average volume of 3,455,766. The company has a current ratio of 0.96, a quick ratio of 0.85 and a debt-to-equity ratio of 1.48. Xcel Energy Inc. has a 1-year low of $59.04 and a 1-year high of $74.57. The business has a 50 day simple moving average of $69.93 and a two-hundred day simple moving average of $69.60. The company has a market cap of $42.54 billion, a PE ratio of 19.93, a price-to-earnings-growth ratio of 2.42 and a beta of 0.34.

Xcel Energy (NASDAQ:XEL - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.09. Xcel Energy had a net margin of 14.85% and a return on equity of 10.52%. The company had revenue of $3.29 billion during the quarter, compared to the consensus estimate of $3.31 billion. During the same quarter last year, the company earned $0.54 earnings per share. Xcel Energy's revenue for the quarter was up 8.6% on a year-over-year basis. Analysts predict that Xcel Energy Inc. will post 3.82 EPS for the current year.

Xcel Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 20th. Investors of record on Monday, September 15th will be paid a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date is Monday, September 15th. Xcel Energy's payout ratio is currently 63.16%.

Analyst Ratings Changes

A number of brokerages recently issued reports on XEL. Mizuho lifted their price target on shares of Xcel Energy from $74.00 to $78.00 and gave the stock an "outperform" rating in a research note on Friday, August 1st. Barclays lifted their price target on shares of Xcel Energy from $72.00 to $73.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 22nd. Evercore ISI lifted their price target on shares of Xcel Energy from $74.00 to $77.00 and gave the stock an "outperform" rating in a research note on Monday, April 28th. Morgan Stanley reduced their price objective on shares of Xcel Energy from $78.00 to $77.00 and set an "equal weight" rating for the company in a research report on Wednesday, June 18th. Finally, Wells Fargo & Company set a $78.00 price objective on shares of Xcel Energy and gave the stock an "overweight" rating in a research report on Friday, April 25th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $76.00.

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.