Teilinger Capital Ltd. Sells 75,000 Shares of Xcel Energy Inc. (NASDAQ:XEL)

Teilinger Capital Ltd. decreased its stake in Xcel Energy Inc. (NASDAQ:XEL) by 23.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 250,000 shares of the company’s stock after selling 75,000 shares during the quarter. Xcel Energy accounts for about 3.0% of Teilinger Capital Ltd.’s portfolio, making the stock its 3rd largest position. Teilinger Capital Ltd.’s holdings in Xcel Energy were worth $16,880,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Ashton Thomas Securities LLC acquired a new stake in shares of Xcel Energy during the third quarter worth about $25,000. Sierra Ocean LLC acquired a new stake in shares of Xcel Energy during the fourth quarter worth about $26,000. Transcendent Capital Group LLC acquired a new stake in shares of Xcel Energy during the third quarter worth about $33,000. Crews Bank & Trust acquired a new stake in shares of Xcel Energy during the fourth quarter worth about $34,000. Finally, MCF Advisors LLC raised its position in shares of Xcel Energy by 566.3% during the fourth quarter. MCF Advisors LLC now owns 593 shares of the company’s stock worth $40,000 after purchasing an additional 504 shares during the period. Institutional investors and hedge funds own 78.38% of the company’s stock.

Xcel Energy Stock Up 1.9 %

XEL stock opened at $72.10 on Friday. The company has a quick ratio of 0.82, a current ratio of 0.93 and a debt-to-equity ratio of 1.42. The business has a 50 day moving average price of $67.45 and a two-hundred day moving average price of $66.07. The company has a market cap of $41.40 billion, a price-to-earnings ratio of 20.96, a P/E/G ratio of 2.62 and a beta of 0.43. Xcel Energy Inc. has a twelve month low of $46.79 and a twelve month high of $73.38.

Xcel Energy (NASDAQ:XEL) last posted its quarterly earnings results on Thursday, February 6th. The company reported $0.81 earnings per share for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.06). Xcel Energy had a net margin of 14.40% and a return on equity of 10.65%. Analysts anticipate that Xcel Energy Inc. will post 3.82 EPS for the current fiscal year.

Xcel Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Sunday, April 20th. Stockholders of record on Friday, March 14th will be paid a dividend of $0.57 per share. This is an increase from Xcel Energy’s previous quarterly dividend of $0.55. This represents a $2.28 annualized dividend and a dividend yield of 3.16%. The ex-dividend date is Friday, March 14th. Xcel Energy’s payout ratio is currently 63.66%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on XEL. Morgan Stanley dropped their target price on Xcel Energy from $74.00 to $72.00 and set an “equal weight” rating on the stock in a research report on Friday, November 22nd. Jefferies Financial Group raised Xcel Energy from a “hold” rating to a “buy” rating and lifted their target price for the company from $71.00 to $76.00 in a research report on Friday, November 1st. JPMorgan Chase & Co. raised Xcel Energy from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $69.00 to $80.00 in a research report on Thursday, December 12th. Barclays dropped their target price on Xcel Energy from $71.00 to $69.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 22nd. Finally, Wells Fargo & Company lifted their target price on Xcel Energy from $72.00 to $75.00 and gave the company an “overweight” rating in a research report on Friday, February 7th. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, Xcel Energy currently has an average rating of “Moderate Buy” and a consensus price target of $69.91.

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.