Kayne Anderson Capital Advisors LP Sells 43,420 Shares of Xcel Energy Inc. (NASDAQ:XEL)

Kayne Anderson Capital Advisors LP cut its holdings in Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 18.5% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 190,758 shares of the company's stock after selling 43,420 shares during the quarter. Xcel Energy accounts for 0.3% of Kayne Anderson Capital Advisors LP's investment portfolio, making the stock its 27th largest holding. Kayne Anderson Capital Advisors LP's holdings in Xcel Energy were worth $13,504,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC bought a new position in Xcel Energy in the fourth quarter worth approximately $240,000. Lee Danner & Bass Inc. purchased a new position in shares of Xcel Energy during the fourth quarter valued at approximately $85,000. Millstone Evans Group LLC purchased a new position in shares of Xcel Energy during the fourth quarter valued at approximately $120,000. Quantbot Technologies LP purchased a new position in shares of Xcel Energy during the fourth quarter valued at approximately $2,298,000. Finally, Mizuho Securities USA LLC boosted its position in shares of Xcel Energy by 50.5% during the fourth quarter. Mizuho Securities USA LLC now owns 54,425 shares of the company's stock valued at $3,675,000 after buying an additional 18,274 shares during the last quarter. 78.38% of the stock is owned by institutional investors and hedge funds.

Xcel Energy Stock Up 2.1%

Shares of XEL stock traded up $1.49 during midday trading on Tuesday, reaching $73.06. 2,917,256 shares of the stock were exchanged, compared to its average volume of 3,599,097. Xcel Energy Inc. has a 1 year low of $55.02 and a 1 year high of $73.66. The company's 50 day moving average is $68.71 and its two-hundred day moving average is $68.68. The company has a current ratio of 0.80, a quick ratio of 0.70 and a debt-to-equity ratio of 1.48. The firm has a market cap of $42.14 billion, a PE ratio of 21.49, a price-to-earnings-growth ratio of 2.46 and a beta of 0.36.

Xcel Energy (NASDAQ:XEL - Get Free Report) last issued its earnings results on Thursday, April 24th. The company reported $0.84 EPS for the quarter, missing the consensus estimate of $0.95 by ($0.11). Xcel Energy had a net margin of 14.10% and a return on equity of 10.20%. The business had revenue of $3.91 billion for the quarter, compared to analysts' expectations of $3.93 billion. During the same quarter in the prior year, the business posted $0.88 earnings per share. The business's revenue for the quarter was up 7.0% on a year-over-year basis. On average, equities research analysts predict that Xcel Energy Inc. will post 3.82 EPS for the current year.

Xcel Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Sunday, July 20th. Investors of record on Friday, June 13th were given a dividend of $0.57 per share. The ex-dividend date of this dividend was Friday, June 13th. This represents a $2.28 annualized dividend and a yield of 3.12%. Xcel Energy's dividend payout ratio (DPR) is presently 67.06%.

Analyst Ratings Changes

A number of analysts have issued reports on XEL shares. Barclays raised their target price on Xcel Energy from $72.00 to $73.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 22nd. BMO Capital Markets lifted their price target on Xcel Energy from $69.00 to $73.00 and gave the company a "market perform" rating in a research report on Wednesday, April 23rd. Morgan Stanley decreased their target price on Xcel Energy from $78.00 to $77.00 and set an "equal weight" rating on the stock in a research note on Wednesday, June 18th. Wells Fargo & Company set a $78.00 price target on Xcel Energy and gave the stock an "overweight" rating in a research note on Friday, April 25th. Finally, Evercore ISI lifted their price target on Xcel Energy from $74.00 to $77.00 and gave the stock an "outperform" rating in a research note on Monday, April 28th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat, Xcel Energy has a consensus rating of "Moderate Buy" and a consensus target price of $75.80.

Xcel Energy 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.