Sone Capital Management LLC Takes Position in Xcel Energy Inc. $XEL

Sone Capital Management LLC acquired a new position in Xcel Energy Inc. (NASDAQ:XEL) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 98,863 shares of the company’s stock, valued at approximately $7,939,000.

Several other large investors have also recently modified their holdings of XEL. Bank of New York Mellon Corp bought a new position in shares of Xcel Energy in the second quarter worth approximately $280,187,000. Cbre Investment Management Listed Real Assets LLC increased its stake in shares of Xcel Energy by 18.1% in the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 2,324,667 shares of the company’s stock worth $171,700,000 after buying an additional 356,208 shares during the period. PKO Investment Management Joint Stock Co purchased a new stake in Xcel Energy during the 4th quarter valued at $1,477,000. Electron Capital Partners LLC boosted its position in Xcel Energy by 15.2% during the 4th quarter. Electron Capital Partners LLC now owns 1,936,695 shares of the company’s stock valued at $143,044,000 after buying an additional 255,884 shares during the period. Finally, Reaves W H & Co. Inc. grew its holdings in Xcel Energy by 13.1% in the 4th quarter. Reaves W H & Co. Inc. now owns 3,579,918 shares of the company’s stock worth $264,413,000 after acquiring an additional 415,759 shares during the last quarter. Hedge funds and other institutional investors own 78.38% of the company’s stock.

Xcel Energy Stock Up 1.3%

Shares of NASDAQ XEL opened at $77.33 on Tuesday. The firm has a fifty day simple moving average of $79.31 and a two-hundred day simple moving average of $79.74. Xcel Energy Inc. has a 12 month low of $71.29 and a 12 month high of $84.23. The company has a current ratio of 0.70, a quick ratio of 0.62 and a debt-to-equity ratio of 1.49. The firm has a market capitalization of $48.30 billion, a PE ratio of 21.19, a price-to-earnings-growth ratio of 1.98 and a beta of 0.39.

Xcel Energy (NASDAQ:XEL) last released its earnings results on Wednesday, July 29th. The company reported $0.93 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.14. Xcel Energy had a return on equity of 10.65% and a net margin of 15.28%.The company had revenue of $3.12 billion during the quarter, compared to analysts’ expectations of $3.54 billion. During the same quarter last year, the business posted $1.59 EPS. The firm’s revenue for the quarter was down 5.1% compared to the same quarter last year. Equities analysts expect that Xcel Energy Inc. will post 4.12 earnings per share for the current year.

Xcel Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 20th. Shareholders of record on Tuesday, September 15th will be paid a dividend of $0.5925 per share. This represents a $2.37 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date is Tuesday, September 15th. Xcel Energy’s dividend payout ratio (DPR) is currently 64.93%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on XEL shares. Jefferies Financial Group set a $101.00 price objective on shares of Xcel Energy in a research report on Tuesday, July 7th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Xcel Energy in a report on Wednesday, June 17th. New Street Research set a $91.00 target price on Xcel Energy in a research note on Tuesday, June 23rd. BMO Capital Markets reduced their price target on Xcel Energy from $95.00 to $92.00 and set an “outperform” rating on the stock in a report on Wednesday, July 22nd. Finally, Mizuho set a $92.00 price objective on Xcel Energy in a report on Friday, July 31st. Two research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $92.41.

About Xcel Energy

Xcel Energy (NASDAQ: XEL) is a Minneapolis-based, publicly traded utility holding company that develops, owns and operates regulated electricity and natural gas delivery systems. The company’s core activities include generation, transmission and distribution of electricity, the delivery of natural gas to customers, and related customer service operations. Xcel provides a mix of utility services to residential, commercial and industrial customers and participates in wholesale energy markets where appropriate.

Its generation portfolio combines nuclear, natural gas, coal and a growing share of renewable resources such as wind and solar.