Tidal Investments LLC Sells 8,011 Shares of Xcel Energy Inc. (NASDAQ:XEL)

Tidal Investments LLC lowered its holdings in Xcel Energy Inc. (NASDAQ:XEL) by 30.2% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 18,540 shares of the company’s stock after selling 8,011 shares during the quarter. Tidal Investments LLC’s holdings in Xcel Energy were worth $1,211,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of XEL. Wilmington Savings Fund Society FSB purchased a new stake in shares of Xcel Energy during the 3rd quarter worth $1,124,000. Sanctuary Advisors LLC raised its holdings in Xcel Energy by 28.7% in the third quarter. Sanctuary Advisors LLC now owns 82,826 shares of the company’s stock worth $5,910,000 after purchasing an additional 18,489 shares in the last quarter. Stock Yards Bank & Trust Co. lifted its position in shares of Xcel Energy by 12.6% during the third quarter. Stock Yards Bank & Trust Co. now owns 5,984 shares of the company’s stock valued at $391,000 after buying an additional 668 shares during the last quarter. Virtu Financial LLC boosted its holdings in shares of Xcel Energy by 12.0% in the 3rd quarter. Virtu Financial LLC now owns 4,347 shares of the company’s stock valued at $284,000 after buying an additional 466 shares in the last quarter. Finally, Toronto Dominion Bank grew its position in shares of Xcel Energy by 19.6% in the 3rd quarter. Toronto Dominion Bank now owns 336,265 shares of the company’s stock worth $21,958,000 after buying an additional 55,018 shares during the last quarter. Institutional investors own 78.38% of the company’s stock.

Analyst Upgrades and Downgrades

XEL has been the subject of a number of analyst reports. KeyCorp increased their target price on shares of Xcel Energy from $74.00 to $79.00 and gave the company an “overweight” rating in a research report on Wednesday, December 4th. Morgan Stanley reduced their price target 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. UBS Group raised their price objective on Xcel Energy from $66.00 to $67.00 and gave the stock a “neutral” rating in a research report on Friday, September 20th. Argus upgraded Xcel Energy from a “hold” rating to a “buy” rating and set a $68.00 target price on the stock in a research note on Monday, August 26th. Finally, JPMorgan Chase & Co. upgraded Xcel Energy from a “neutral” rating to an “overweight” rating and increased their price target for the company from $69.00 to $80.00 in a research note on Thursday, December 12th. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, Xcel Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of $69.17.

Xcel Energy Trading Down 2.5 %

Xcel Energy stock opened at $66.40 on Thursday. The stock has a 50-day moving average price of $67.54 and a 200 day moving average price of $61.67. The company has a market capitalization of $38.13 billion, a price-to-earnings ratio of 19.70, a price-to-earnings-growth ratio of 2.79 and a beta of 0.41. Xcel Energy Inc. has a 52 week low of $46.79 and a 52 week high of $73.38. The company has a quick ratio of 0.82, a current ratio of 0.93 and a debt-to-equity ratio of 1.42.

Xcel Energy (NASDAQ:XEL) last announced its quarterly earnings data on Thursday, October 31st. The company reported $1.25 EPS for the quarter, missing the consensus estimate of $1.26 by ($0.01). The business had revenue of $3.64 billion for the quarter, compared to analyst estimates of $3.93 billion. Xcel Energy had a net margin of 13.67% and a return on equity of 10.76%. The business’s revenue was down .5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.23 earnings per share. Sell-side analysts anticipate that Xcel Energy Inc. will post 3.54 EPS for the current year.

Xcel Energy Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Monday, January 6th will be given a dividend of $0.5475 per share. This represents a $2.19 annualized dividend and a yield of 3.30%. Xcel Energy’s dividend payout ratio is currently 64.99%.

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.