18,939 Shares in Xcel Energy Inc. $XEL Bought by Ninepoint Partners LP

Ninepoint Partners LP purchased a new position in Xcel Energy Inc. (NASDAQ:XEL) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 18,939 shares of the company’s stock, valued at approximately $1,521,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of XEL. Evolution Wealth Management Inc. raised its holdings in shares of Xcel Energy by 365.3% during the first quarter. Evolution Wealth Management Inc. now owns 349 shares of the company’s stock valued at $28,000 after purchasing an additional 274 shares during the period. Garton & Associates Financial Advisors LLC acquired a new stake in shares of Xcel Energy in the 4th quarter valued at about $30,000. Pittenger & Anderson Inc. increased its position in Xcel Energy by 73.8% in the 4th quarter. Pittenger & Anderson Inc. now owns 471 shares of the company’s stock valued at $35,000 after buying an additional 200 shares in the last quarter. Cedar Mountain Advisors LLC bought a new stake in shares of Xcel Energy during the first quarter valued at approximately $39,000. Finally, Measured Wealth Private Client Group LLC acquired a new stake in Xcel Energy in the 3rd quarter valued at $42,000. 78.38% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on XEL shares. Jefferies Financial Group set a $101.00 price objective on shares of Xcel Energy in a report on Tuesday, July 7th. KeyCorp reiterated an “overweight” rating on shares of Xcel Energy in a report on Monday, June 8th. Mizuho set a $92.00 target price on shares of Xcel Energy in a research report on Friday, July 31st. BMO Capital Markets lowered their price objective on Xcel Energy from $95.00 to $92.00 and set an “outperform” rating for the company in a research note on Wednesday, July 22nd. Finally, Wall Street Zen lowered Xcel Energy from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $92.41.

Xcel Energy Trading Down 0.9%

NASDAQ:XEL opened at $78.71 on Friday. The company has a current ratio of 0.70, a quick ratio of 0.62 and a debt-to-equity ratio of 1.49. The stock has a market capitalization of $49.16 billion, a PE ratio of 21.56, a price-to-earnings-growth ratio of 2.06 and a beta of 0.39. The firm’s 50 day moving average is $79.41 and its 200 day moving average is $79.72. Xcel Energy Inc. has a 12 month low of $71.29 and a 12 month high of $84.23.

Xcel Energy (NASDAQ:XEL) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.14. Xcel Energy had a return on equity of 10.65% and a net margin of 15.28%.The business had revenue of $3.12 billion during the quarter, compared to analyst estimates of $3.54 billion. During the same period in the prior year, the company earned $1.59 earnings per share. Xcel Energy’s revenue was down 5.1% compared to the same quarter last year. Sell-side analysts expect that Xcel Energy Inc. will post 4.11 earnings per share for the current year.

Xcel Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 20th. Stockholders of record on Tuesday, September 15th will be given a dividend of $0.5925 per share. This represents a $2.37 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend is Tuesday, September 15th. Xcel Energy’s dividend payout ratio is currently 64.93%.

Xcel Energy Company Profile

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.