Trivium Point Advisory LLC Buys New Stake in Xcel Energy Inc. $XEL

Trivium Point Advisory LLC bought a new stake in Xcel Energy Inc. (NASDAQ:XEL) in the 2nd quarter, HoldingsChannel reports. The fund bought 6,883 shares of the company’s stock, valued at approximately $553,000.

Several other institutional investors and hedge funds have also bought and sold shares of XEL. Barclays PLC increased its position in shares of Xcel Energy by 63.6% during the fourth quarter. Barclays PLC now owns 9,979,397 shares of the company’s stock worth $737,078,000 after purchasing an additional 3,881,011 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Xcel Energy by 16.9% in the 4th quarter. JPMorgan Chase & Co. now owns 24,572,438 shares of the company’s stock worth $1,814,920,000 after purchasing an additional 3,546,423 shares in the last quarter. Bank of New York Mellon Corp purchased a new position in Xcel Energy during the 2nd quarter worth $280,187,000. Pictet Asset Management Holding SA grew its stake in Xcel Energy by 37.1% during the 1st quarter. Pictet Asset Management Holding SA now owns 8,871,863 shares of the company’s stock worth $704,780,000 after buying an additional 2,399,089 shares during the last quarter. Finally, Bank of America Corp DE grew its stake in Xcel Energy by 9.0% during the 2nd quarter. Bank of America Corp DE now owns 26,262,079 shares of the company’s stock worth $1,788,448,000 after buying an additional 2,157,602 shares during the last quarter. 78.38% of the stock is owned by hedge funds and other institutional investors.

Xcel Energy Price Performance

NASDAQ XEL opened at $79.17 on Monday. The company has a market cap of $49.45 billion, a price-to-earnings ratio of 21.69, a PEG ratio of 2.06 and a beta of 0.39. The company has a debt-to-equity ratio of 1.49, a current ratio of 0.70 and a quick ratio of 0.62. The stock’s fifty day moving average price is $79.32 and its 200 day moving average price is $79.64. Xcel Energy Inc. has a 1 year low of $69.16 and a 1 year high of $84.23.

Xcel Energy (NASDAQ:XEL) last issued its quarterly earnings results on Thursday, July 30th. The company reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.14. The company had revenue of $3.12 billion during the quarter, compared to analysts’ expectations of $3.54 billion. Xcel Energy had a return on equity of 10.65% and a net margin of 15.28%.The firm’s revenue was down 5.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.59 EPS. As a group, equities research analysts forecast that Xcel Energy Inc. will post 4.11 earnings per share for the current year.

Xcel Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 20th. Investors of record on Tuesday, September 15th will be issued a dividend of $0.5925 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $2.37 dividend on an annualized basis and a dividend yield of 3.0%. Xcel Energy’s payout ratio is 64.93%.

Wall Street Analysts Forecast Growth

XEL has been the subject of a number of research analyst reports. Wall Street Zen cut Xcel Energy from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. Evercore restated an “outperform” rating and set a $96.00 price target on shares of Xcel Energy in a research note on Monday, May 4th. BTIG Research restated a “buy” rating and set a $99.00 price objective on shares of Xcel Energy in a report on Friday, July 31st. JPMorgan Chase & Co. increased their price objective on shares of Xcel Energy from $91.00 to $102.00 and gave the company an “overweight” rating in a research report on Thursday, July 16th. Finally, New Street Research set a $91.00 target price on shares of Xcel Energy in a research note on Tuesday, June 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Xcel Energy presently has an average rating of “Buy” and a consensus price target of $92.41.

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.