Commonwealth of Pennsylvania Public School Empls Retrmt SYS cut its holdings in shares of Xcel Energy Inc. (NASDAQ:XEL – Free Report) by 5.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,050,096 shares of the company’s stock after selling 61,569 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Xcel Energy were worth $83,420,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of XEL. Vermillion & White Wealth Management Group LLC bought a new position in Xcel Energy in the third quarter valued at about $27,000. Evolution Wealth Management Inc. raised its stake in Xcel Energy by 365.3% during the first quarter. Evolution Wealth Management Inc. now owns 349 shares of the company’s stock worth $28,000 after acquiring an additional 274 shares in the last quarter. Abound Wealth Management lifted its holdings in shares of Xcel Energy by 394.5% in the fourth quarter. Abound Wealth Management now owns 361 shares of the company’s stock worth $27,000 after acquiring an additional 288 shares during the last quarter. Garton & Associates Financial Advisors LLC acquired a new stake in shares of Xcel Energy in the 4th quarter valued at approximately $30,000. Finally, Beacon Financial Strategies CORP acquired a new stake in shares of Xcel Energy in the 4th quarter valued at approximately $33,000. Institutional investors and hedge funds own 78.38% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities analysts recently issued reports on XEL shares. JPMorgan Chase & Co. lowered their price objective on shares of Xcel Energy from $94.00 to $91.00 and set an “overweight” rating for the company in a research report on Thursday, May 14th. Mizuho decreased their target price on shares of Xcel Energy from $94.00 to $91.00 and set an “outperform” rating on the stock in a research note on Tuesday, June 23rd. New Street Research set a $91.00 price target on shares of Xcel Energy in a report on Tuesday, June 23rd. BMO Capital Markets increased their price target on Xcel Energy from $90.00 to $94.00 and gave the company an “outperform” rating in a research note on Wednesday, April 22nd. Finally, KeyCorp reissued an “overweight” rating on shares of Xcel Energy in a report on Monday, June 8th. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $92.00.
Xcel Energy Trading Up 1.3%
NASDAQ XEL traded up $1.04 during trading hours on Friday, reaching $80.06. The company’s stock had a trading volume of 3,537,624 shares, compared to its average volume of 5,412,549. The firm has a fifty day simple moving average of $79.68 and a 200-day simple moving average of $78.85. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.77 and a quick ratio of 0.68. Xcel Energy Inc. has a 52 week low of $67.81 and a 52 week high of $84.23. The stock has a market cap of $49.98 billion, a P/E ratio of 23.07, a P/E/G ratio of 2.08 and a beta of 0.39.
Xcel Energy (NASDAQ:XEL – Get Free Report) last posted its earnings results on Wednesday, April 29th. The company reported $0.91 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.91. Xcel Energy had a net margin of 14.14% and a return on equity of 10.37%. The firm had revenue of $4.02 billion for the quarter, compared to analyst estimates of $4.21 billion. During the same period in the previous year, the firm posted $0.84 EPS. The company’s revenue for the quarter was up 2.9% compared to the same quarter last year. Equities analysts forecast that Xcel Energy Inc. will post 4.11 earnings per share for the current fiscal year.
Xcel Energy Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 20th. Investors of record on Monday, June 15th will be issued a $0.5925 dividend. This represents a $2.37 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date is Monday, June 15th. Xcel Energy’s dividend payout ratio is presently 68.30%.
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.
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