Sone Capital Management LLC Purchases Shares of 98,863 Xcel Energy Inc. $XEL

Sone Capital Management LLC purchased a new stake in shares of Xcel Energy Inc. (NASDAQ:XEL) in the second quarter, according to its most recent 13F filing with the SEC. The fund purchased 98,863 shares of the company’s stock, valued at approximately $7,939,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Peak Asset Management LLC bought a new stake in Xcel Energy during the second quarter valued at $322,000. Fiduciary Financial Advisors bought a new position in Xcel Energy in the 2nd quarter worth about $54,000. L2 Asset Management LLC bought a new position in Xcel Energy in the 2nd quarter worth about $286,000. Partners Capital Investment Group LLP purchased a new stake in shares of Xcel Energy in the 2nd quarter valued at about $800,000. Finally, Aberdeen Wealth Management LLC purchased a new stake in shares of Xcel Energy in the 2nd quarter valued at about $64,000. Hedge funds and other institutional investors own 78.38% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on XEL. Morgan Stanley cut their price objective on Xcel Energy from $92.00 to $89.00 and set an “equal weight” rating for the company in a report on Friday. New Street Research set a $91.00 target price on shares of Xcel Energy in a research note on Tuesday, June 23rd. KeyCorp reiterated an “overweight” rating on shares of Xcel Energy in a research report on Monday, June 8th. BMO Capital Markets cut their price target on shares of Xcel Energy from $95.00 to $92.00 and set an “outperform” rating for the company in a research note on Wednesday, July 22nd. Finally, Jefferies Financial Group set a $101.00 price target on shares of Xcel Energy in a report on Tuesday, July 7th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Xcel Energy currently has a consensus rating of “Buy” and a consensus price target of $92.41.

Xcel Energy Trading Up 1.3%

Shares of XEL stock opened at $77.33 on Tuesday. The business has a 50-day moving average price of $79.31 and a two-hundred day moving average price 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 quick ratio of 0.62, a current ratio of 0.70 and a debt-to-equity ratio of 1.49. The firm has a market cap of $48.30 billion, a P/E ratio of 21.19, a price-to-earnings-growth ratio of 1.98 and a beta of 0.39.

Xcel Energy (NASDAQ:XEL) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $0.93 EPS for the quarter, beating the consensus estimate of $0.79 by $0.14. The firm had revenue of $3.12 billion for the quarter, compared to analyst estimates of $3.54 billion. Xcel Energy had a return on equity of 10.65% and a net margin of 15.28%.The company’s revenue was down 5.1% on a year-over-year basis. During the same period in the prior year, the company earned $1.59 EPS. Equities analysts anticipate that Xcel Energy Inc. will post 4.12 EPS for the current fiscal year.

Xcel Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 20th. Shareholders of record on Tuesday, September 15th will be given 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 presently 64.93%.

Xcel Energy Company Profile

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.