Xcel Energy Inc. $XEL Holdings Raised by National Pension Service

National Pension Service boosted its stake in Xcel Energy Inc. (NASDAQ:XELFree Report) by 6.3% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 803,504 shares of the company’s stock after acquiring an additional 47,608 shares during the quarter. National Pension Service’s holdings in Xcel Energy were worth $64,521,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. BlackRock Inc. bought a new position in shares of Xcel Energy in the second quarter valued at approximately $4,890,136,000. California State Teachers Retirement System boosted its stake in Xcel Energy by 8,419.7% during the 2nd quarter. California State Teachers Retirement System now owns 58,315,466 shares of the company’s stock valued at $4,682,732,000 after purchasing an additional 57,630,988 shares in the last quarter. State Street Corp boosted its stake in Xcel Energy by 1.2% during the 4th quarter. State Street Corp now owns 36,340,645 shares of the company’s stock valued at $2,704,534,000 after purchasing an additional 444,092 shares in the last quarter. Bank of America Corp DE raised its stake in shares of Xcel Energy by 1.7% in the 2nd quarter. Bank of America Corp DE now owns 29,933,748 shares of the company’s stock worth $2,403,680,000 after buying an additional 491,937 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Xcel Energy by 16.9% in the fourth quarter. JPMorgan Chase & Co. now owns 24,572,438 shares of the company’s stock valued at $1,814,920,000 after buying an additional 3,546,423 shares during the period. 78.38% of the stock is currently owned by institutional investors.

Xcel Energy Trading Up 0.1%

Shares of NASDAQ XEL opened at $75.50 on Friday. The firm has a market capitalization of $47.16 billion, a PE ratio of 20.68, a PEG ratio of 2.55 and a beta of 0.39. Xcel Energy Inc. has a one year low of $71.35 and a one year high of $84.23. The company has a current ratio of 0.70, a quick ratio of 0.62 and a debt-to-equity ratio of 1.49. The business has a 50-day moving average price of $78.22 and a two-hundred day moving average price of $79.48.

Xcel Energy (NASDAQ:XELGet Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The company reported $0.93 EPS for the quarter, topping the consensus estimate of $0.79 by $0.14. Xcel Energy had a net margin of 15.28% and a return on equity of 10.65%. The business had revenue of $3.12 billion during the quarter, compared to analysts’ expectations of $3.54 billion. During the same period last year, the company posted $1.59 earnings per share. The firm’s quarterly revenue was down 5.1% compared to the same quarter last year. As a group, analysts predict that Xcel Energy Inc. will post 4.12 earnings per share for the current fiscal year.

Xcel Energy Dividend Announcement

The company also recently disclosed 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. This represents a $2.37 annualized dividend and a dividend yield of 3.1%. The ex-dividend date is Tuesday, September 15th. Xcel Energy’s dividend payout ratio (DPR) is currently 64.93%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on XEL shares. Mizuho set a $92.00 price target on shares of Xcel Energy in a report on Friday, July 31st. BMO Capital Markets decreased their price target on shares of Xcel Energy from $95.00 to $92.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 22nd. JPMorgan Chase & Co. raised their price objective on Xcel Energy from $91.00 to $102.00 and gave the stock an “overweight” rating in a research note on Thursday, July 16th. BTIG Research reaffirmed a “buy” rating and set a $99.00 target price on shares of Xcel Energy in a research report on Friday, July 31st. Finally, KeyCorp reiterated an “overweight” rating on shares of Xcel Energy in a research report on Monday, June 8th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $92.41.

View Our Latest Stock Report on Xcel Energy

Xcel Energy Company Profile

(Free Report)

Xcel Energy Inc is a Minneapolis-based electric and natural gas utility holding company that serves customers across parts of Colorado, Michigan, Minnesota, New Mexico, North Dakota, South Dakota, Texas and Wisconsin. Through its operating companies, Xcel provides electricity generation, transmission and distribution, as well as natural gas distribution and related energy services.

The company operates a diversified generating fleet that includes wind, solar, hydroelectric, nuclear, natural gas and other resources.

Further Reading

Want to see what other hedge funds are holding XEL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Xcel Energy Inc. (NASDAQ:XELFree Report).

Institutional Ownership by Quarter for Xcel Energy (NASDAQ:XEL)

Receive News & Ratings for Xcel Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Xcel Energy and related companies with MarketBeat.com's FREE daily email newsletter.