Xcel Energy Inc. (NASDAQ:XEL) Shares Sold by XTX Topco Ltd

XTX Topco Ltd lessened its stake in shares of Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 80.6% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 3,229 shares of the company's stock after selling 13,435 shares during the period. XTX Topco Ltd's holdings in Xcel Energy were worth $229,000 at the end of the most recent quarter.

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

Analyst Upgrades and Downgrades

XEL has been the subject of a number of research analyst reports. Wall Street Zen cut Xcel Energy from a "hold" rating to a "sell" rating in a research note on Tuesday, May 20th. Barclays lifted their price target on 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 boosted their price objective on Xcel Energy from $74.00 to $77.00 and gave the stock an "outperform" rating in a research note on Monday, April 28th. BMO Capital Markets upped their price target on Xcel Energy from $69.00 to $73.00 and gave the company a "market perform" rating in a research note on Wednesday, April 23rd. Finally, Mizuho increased their target price on Xcel Energy from $74.00 to $78.00 and gave the stock an "outperform" rating in a research note on Friday, August 1st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $76.00.

Xcel Energy Stock Performance

Xcel Energy stock traded down $0.46 during mid-day trading on Friday, reaching $71.93. 7,792,732 shares of the company were exchanged, compared to its average volume of 3,455,766. Xcel Energy Inc. has a twelve month low of $59.04 and a twelve month high of $74.57. The firm's 50-day simple moving average is $69.93 and its two-hundred day simple moving average is $69.58. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.85 and a current ratio of 0.96. The firm has a market cap of $42.54 billion, a PE ratio of 19.93, a price-to-earnings-growth ratio of 2.44 and a beta of 0.34.

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

Xcel Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, October 20th. Shareholders of record on Monday, September 15th will be given a dividend of $0.57 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a $2.28 annualized dividend and a yield of 3.2%. Xcel Energy's dividend payout ratio (DPR) is presently 63.16%.

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.