Teilinger Capital Ltd. Has $21.22 Million Stock Holdings in Xcel Energy Inc. (NASDAQ:XEL)

Teilinger Capital Ltd. cut its position in Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 45.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 325,000 shares of the company's stock after selling 275,000 shares during the period. Xcel Energy accounts for about 6.3% of Teilinger Capital Ltd.'s investment portfolio, making the stock its 6th biggest position. Teilinger Capital Ltd. owned 0.06% of Xcel Energy worth $21,222,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. ProShare Advisors LLC boosted its position in Xcel Energy by 23.2% in the first quarter. ProShare Advisors LLC now owns 643,986 shares of the company's stock valued at $34,614,000 after buying an additional 121,118 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its stake in shares of Xcel Energy by 2.4% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,625,530 shares of the company's stock valued at $87,372,000 after purchasing an additional 38,653 shares during the last quarter. Daiwa Securities Group Inc. grew its stake in shares of Xcel Energy by 24.8% during the first quarter. Daiwa Securities Group Inc. now owns 100,969 shares of the company's stock valued at $5,427,000 after purchasing an additional 20,068 shares during the last quarter. Forsta AP Fonden grew its stake in shares of Xcel Energy by 91.6% during the first quarter. Forsta AP Fonden now owns 190,600 shares of the company's stock valued at $10,245,000 after purchasing an additional 91,100 shares during the last quarter. Finally, Czech National Bank grew its stake in shares of Xcel Energy by 9.1% during the second quarter. Czech National Bank now owns 105,882 shares of the company's stock valued at $5,655,000 after purchasing an additional 8,790 shares during the last quarter. 78.38% of the stock is currently owned by institutional investors and hedge funds.

Xcel Energy Trading Down 1.2 %

XEL traded down $0.76 during mid-day trading on Thursday, hitting $63.25. The stock had a trading volume of 3,361,239 shares, compared to its average volume of 4,150,600. The stock's fifty day simple moving average is $62.49 and its 200-day simple moving average is $57.43. The company has a debt-to-equity ratio of 1.54, a current ratio of 0.97 and a quick ratio of 0.86. The firm has a market capitalization of $35.14 billion, a price-to-earnings ratio of 18.99, a price-to-earnings-growth ratio of 2.75 and a beta of 0.39. Xcel Energy Inc. has a 1-year low of $46.79 and a 1-year high of $65.64.

Xcel Energy (NASDAQ:XEL - Get Free Report) last posted its earnings results on Thursday, August 1st. The company reported $0.54 earnings per share for the quarter, missing the consensus estimate of $0.57 by ($0.03). Xcel Energy had a return on equity of 10.94% and a net margin of 13.46%. The firm had revenue of $3.03 billion during the quarter, compared to analyst estimates of $3.29 billion. During the same quarter last year, the business posted $0.52 earnings per share. The company's revenue for the quarter was up .2% on a year-over-year basis. As a group, research analysts forecast that Xcel Energy Inc. will post 3.55 EPS for the current fiscal year.

Xcel Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, October 20th. Stockholders of record on Friday, September 13th will be given a dividend of $0.548 per share. This is an increase from Xcel Energy's previous quarterly dividend of $0.55. The ex-dividend date is Friday, September 13th. This represents a $2.19 annualized dividend and a dividend yield of 3.47%. Xcel Energy's dividend payout ratio is currently 65.77%.

Analyst Upgrades and Downgrades

XEL has been the topic of several research analyst reports. Argus raised shares of Xcel Energy from a "hold" rating to a "buy" rating and set a $68.00 price target on the stock in a research note on Monday, August 26th. Wells Fargo & Company increased their price target on shares of Xcel Energy from $63.00 to $66.00 and gave the company an "equal weight" rating in a research note on Wednesday. Morgan Stanley increased their price target on shares of Xcel Energy from $68.00 to $73.00 and gave the company an "equal weight" rating in a research note on Wednesday, September 25th. KeyCorp increased their price target on shares of Xcel Energy from $66.00 to $69.00 and gave the company an "overweight" rating in a research note on Monday, September 30th. Finally, Jefferies Financial Group initiated coverage on shares of Xcel Energy in a report on Thursday, September 19th. They issued a "hold" rating and a $70.00 price objective on the stock. Eight research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $64.57.

Xcel Energy Company Profile

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.