Hennessy Advisors Inc. Sells 12,200 Shares of Xcel Energy Inc. $XEL

Hennessy Advisors Inc. decreased its holdings in shares of Xcel Energy Inc. (NASDAQ:XEL) by 10.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 99,799 shares of the company’s stock after selling 12,200 shares during the period. Hennessy Advisors Inc.’s holdings in Xcel Energy were worth $8,049,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. Twin Peaks Wealth Advisors LLC bought a new position in shares of Xcel Energy during the 2nd quarter worth approximately $25,000. Clearstead Trust LLC lifted its position in shares of Xcel Energy by 202.2% during the 2nd quarter. Clearstead Trust LLC now owns 417 shares of the company’s stock valued at $28,000 after acquiring an additional 279 shares during the period. Rise Advisors LLC boosted its stake in Xcel Energy by 62.9% during the second quarter. Rise Advisors LLC now owns 518 shares of the company’s stock worth $35,000 after acquiring an additional 200 shares in the last quarter. Marshall & Sullivan Inc. WA acquired a new stake in Xcel Energy in the second quarter worth $44,000. Finally, RMG Wealth Management LLC bought a new stake in Xcel Energy in the second quarter valued at $46,000. Institutional investors and hedge funds own 78.38% of the company’s stock.

Xcel Energy Stock Performance

Shares of XEL opened at $73.86 on Thursday. The firm has a market capitalization of $43.69 billion, a P/E ratio of 22.52, a P/E/G ratio of 2.19 and a beta of 0.45. Xcel Energy Inc. has a 52 week low of $62.58 and a 52 week high of $83.01. The stock has a 50 day moving average price of $78.15 and a two-hundred day moving average price of $74.91. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.69 and a current ratio of 0.79.

Xcel Energy (NASDAQ:XEL) last posted its earnings results on Wednesday, October 29th. The company reported $1.24 earnings per share for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.08). Xcel Energy had a net margin of 13.46% and a return on equity of 10.45%. The company had revenue of $3.92 billion during the quarter, compared to the consensus estimate of $3.89 billion. During the same quarter in the prior year, the business earned $1.25 EPS. The firm’s revenue for the quarter was up 7.4% compared to the same quarter last year. Equities analysts forecast that Xcel Energy Inc. will post 3.82 earnings per share for the current fiscal year.

Xcel Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 20th. Stockholders of record on Monday, December 29th will be paid a $0.57 dividend. The ex-dividend date is Monday, December 29th. This represents a $2.28 annualized dividend and a dividend yield of 3.1%. Xcel Energy’s dividend payout ratio is presently 69.51%.

Analyst Ratings Changes

A number of research firms have recently issued reports on XEL. Argus raised shares of Xcel Energy to a “strong-buy” rating in a research report on Wednesday, December 3rd. Jefferies Financial Group upped their price target on Xcel Energy from $84.00 to $92.00 and gave the stock a “buy” rating in a research note on Thursday, October 16th. Citigroup raised their price objective on Xcel Energy from $80.00 to $92.00 and gave the company a “buy” rating in a research note on Monday, November 3rd. TD Cowen began coverage on Xcel Energy in a report on Thursday, October 16th. They set a “buy” rating and a $93.00 price objective for the company. Finally, Royal Bank Of Canada assumed coverage on Xcel Energy in a research report on Tuesday, October 28th. They set a “moderate buy” rating on the stock. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Xcel Energy has an average rating of “Buy” and a consensus target price of $87.29.

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.