Teilinger Capital Ltd. Has $16.88 Million Stock Holdings in Xcel Energy Inc. (NASDAQ:XEL)

Teilinger Capital Ltd. reduced its holdings in shares of Xcel Energy Inc. (NASDAQ:XEL) by 23.1% in the 4th quarter, according to its most recent 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 makes up about 3.0% of Teilinger Capital Ltd.’s portfolio, making the stock its 3rd biggest holding. Teilinger Capital Ltd.’s holdings in Xcel Energy were worth $16,880,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Hodges Capital Management Inc. lifted its holdings in Xcel Energy by 447.1% during the 4th quarter. Hodges Capital Management Inc. now owns 51,396 shares of the company’s stock worth $3,470,000 after purchasing an additional 42,001 shares during the last quarter. Nomura Asset Management Co. Ltd. lifted its holdings in Xcel Energy by 7.0% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 189,954 shares of the company’s stock worth $12,404,000 after purchasing an additional 12,477 shares during the last quarter. Atomi Financial Group Inc. acquired a new stake in Xcel Energy during the 4th quarter worth approximately $278,000. ING Groep NV lifted its holdings in Xcel Energy by 85.0% during the 3rd quarter. ING Groep NV now owns 231,482 shares of the company’s stock worth $15,116,000 after purchasing an additional 106,326 shares during the last quarter. Finally, GEN Financial Management INC. acquired a new stake in Xcel Energy during the 4th quarter worth approximately $301,000. 78.38% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Jefferies Financial Group raised Xcel Energy from a “hold” rating to a “buy” rating and lifted their price target for the stock from $71.00 to $76.00 in a report on Friday, November 1st. Wells Fargo & Company lifted their price objective on Xcel Energy from $72.00 to $75.00 and gave the company an “overweight” rating in a report on Friday, February 7th. Barclays dropped their price objective on Xcel Energy from $71.00 to $69.00 and set an “overweight” rating for the company in a report on Wednesday, January 22nd. KeyCorp lifted their price objective on Xcel Energy from $74.00 to $79.00 and gave the company an “overweight” rating in a report on Wednesday, December 4th. Finally, JPMorgan Chase & Co. raised Xcel Energy from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $69.00 to $80.00 in a report on Thursday, December 12th. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $69.91.

Xcel Energy Price Performance

Xcel Energy stock opened at $72.10 on Friday. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.82 and a current ratio of 0.93. Xcel Energy Inc. has a 52 week low of $46.79 and a 52 week high of $73.38. The stock has a market capitalization of $41.40 billion, a P/E ratio of 20.96, a price-to-earnings-growth ratio of 2.62 and a beta of 0.43. The stock has a fifty day moving average of $67.45 and a 200-day moving average of $66.07.

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

Xcel Energy Increases Dividend

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

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.