Capstone Investment Advisors LLC Has $1.20 Million Stake in Xcel Energy Inc. (NASDAQ:XEL)

Capstone Investment Advisors LLC lifted its position in shares of Xcel Energy Inc. (NASDAQ:XEL) by 89.3% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,287 shares of the company’s stock after purchasing an additional 10,514 shares during the quarter. Capstone Investment Advisors LLC’s holdings in Xcel Energy were worth $1,198,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of XEL. Gotham Asset Management LLC acquired a new position in shares of Xcel Energy during the third quarter worth approximately $322,000. Axxcess Wealth Management LLC raised its position in Xcel Energy by 8.5% in the 3rd quarter. Axxcess Wealth Management LLC now owns 5,420 shares of the company’s stock valued at $310,000 after buying an additional 424 shares during the last quarter. Lido Advisors LLC raised its position in Xcel Energy by 23.8% in the 3rd quarter. Lido Advisors LLC now owns 9,905 shares of the company’s stock valued at $567,000 after buying an additional 1,903 shares during the last quarter. Royal London Asset Management Ltd. purchased a new stake in Xcel Energy in the 3rd quarter valued at $27,000. Finally, Baker Avenue Asset Management LP raised its position in Xcel Energy by 1,906.3% in the 3rd quarter. Baker Avenue Asset Management LP now owns 1,585 shares of the company’s stock valued at $91,000 after buying an additional 1,506 shares during the last quarter. 78.38% of the stock is owned by institutional investors and hedge funds.

Xcel Energy Stock Performance

Shares of XEL stock traded down $0.06 on Friday, hitting $52.69. 1,653,017 shares of the stock were exchanged, compared to its average volume of 2,811,577. The company has a current ratio of 0.86, a quick ratio of 0.74 and a debt-to-equity ratio of 1.48. The firm has a market capitalization of $29.28 billion, a PE ratio of 15.82, a P/E/G ratio of 2.32 and a beta of 0.37. Xcel Energy Inc. has a one year low of $46.79 and a one year high of $65.62. The firm’s 50 day moving average is $54.37 and its two-hundred day moving average is $56.07.

Xcel Energy (NASDAQ:XEL) last posted its quarterly earnings results on Thursday, April 25th. The company reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.08. The company had revenue of $3.65 billion during the quarter, compared to the consensus estimate of $4.12 billion. Xcel Energy had a return on equity of 11.03% and a net margin of 13.36%. The firm’s quarterly revenue was down 10.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.76 EPS. Sell-side analysts expect that Xcel Energy Inc. will post 3.56 earnings per share for the current fiscal year.

Xcel Energy Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Saturday, July 20th. Shareholders of record on Friday, June 14th will be paid a $0.5475 dividend. The ex-dividend date is Friday, June 14th. This represents a $2.19 annualized dividend and a yield of 4.16%. Xcel Energy’s dividend payout ratio is currently 65.77%.

Analyst Ratings Changes

XEL has been the subject of a number of analyst reports. Morgan Stanley lowered their price target on Xcel Energy from $65.00 to $62.00 and set an “equal weight” rating for the company in a research report on Monday, June 24th. StockNews.com raised Xcel Energy from a “sell” rating to a “hold” rating in a research report on Thursday, May 2nd. Bank of America increased their price target on Xcel Energy from $63.00 to $66.00 and gave the company a “buy” rating in a research report on Monday, April 29th. TheStreet lowered Xcel Energy from a “b-” rating to a “c+” rating in a research report on Thursday, March 14th. Finally, KeyCorp decreased their target price on Xcel Energy from $68.00 to $65.00 and set an “overweight” rating for the company in a research report on Friday, April 19th. Six analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $62.00.

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.