Sanibel Captiva Trust Company Inc. Invests $661,000 in Xcel Energy Inc. (NASDAQ:XEL)

Sanibel Captiva Trust Company Inc. bought a new position in Xcel Energy Inc. (NASDAQ:XEL) in the 2nd quarter, according to its most recent disclosure with the SEC. The firm bought 12,384 shares of the company’s stock, valued at approximately $661,000.

Several other institutional investors and hedge funds have also recently modified their holdings of XEL. Criterion Capital Advisors LLC bought a new stake in shares of Xcel Energy in the fourth quarter worth approximately $25,000. Pacific Capital Wealth Advisors Inc. purchased a new position in Xcel Energy during the fourth quarter valued at approximately $25,000. Heritage Wealth Advisors purchased a new position in shares of Xcel Energy in the fourth quarter worth $25,000. Capital Analysts LLC lifted its holdings in shares of Xcel Energy by 293.6% in the fourth quarter. Capital Analysts LLC now owns 433 shares of the company’s stock worth $26,000 after buying an additional 323 shares in the last quarter. Finally, Tidemark LLC purchased a new stake in Xcel Energy during the fourth quarter valued at $29,000. 78.38% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

XEL has been the topic of a number of research analyst reports. Wells Fargo & Company upped their price target on shares of Xcel Energy from $57.00 to $63.00 and gave the stock an “equal weight” rating in a report on Friday, August 2nd. Bank of America lifted their price objective on Xcel Energy from $63.00 to $66.00 and gave the company a “buy” rating in a research note on Monday, April 29th. StockNews.com upgraded Xcel Energy from a “sell” rating to a “hold” rating in a research report on Thursday, May 2nd. Evercore ISI boosted their price objective on Xcel Energy from $54.00 to $59.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. Finally, Morgan Stanley cut their price target on Xcel Energy from $65.00 to $62.00 and set an “equal weight” rating for the company in a report on Monday, June 24th. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $61.91.

Xcel Energy Price Performance

Shares of NASDAQ XEL traded down $0.16 during mid-day trading on Tuesday, hitting $59.99. 2,668,902 shares of the stock were exchanged, compared to its average volume of 4,390,192. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.74 and a current ratio of 0.86. The company has a market cap of $33.33 billion, a P/E ratio of 18.15, a PEG ratio of 2.60 and a beta of 0.37. The stock’s fifty day simple moving average is $55.55 and its two-hundred day simple moving average is $55.02. Xcel Energy Inc. has a twelve month low of $46.79 and a twelve month high of $64.25.

Xcel Energy (NASDAQ:XEL) last announced its earnings results on Thursday, August 1st. The company reported $0.54 earnings per share for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.03). The company had revenue of $3.03 billion during the quarter, compared to analyst estimates of $3.29 billion. Xcel Energy had a return on equity of 11.00% and a net margin of 13.46%. Xcel Energy’s revenue for the quarter was up .2% on a year-over-year basis. During the same period in the previous year, the company posted $0.52 earnings per share. As a group, analysts forecast that Xcel Energy Inc. will post 3.55 EPS for the current fiscal year.

Xcel Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Sunday, October 20th. Stockholders of record on Friday, September 13th will be issued a $0.548 dividend. This represents a $2.19 dividend on an annualized basis and a dividend yield of 3.65%. This is a boost from Xcel Energy’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend is Friday, September 13th. Xcel Energy’s dividend payout ratio is presently 65.77%.

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.