California Public Employees Retirement System raised its holdings in Xcel Energy Inc (NYSE:XEL) by 17.9% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,564,266 shares of the utilities provider’s stock after purchasing an additional 237,724 shares during the quarter. California Public Employees Retirement System owned about 0.31% of Xcel Energy worth $71,456,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also bought and sold shares of XEL. Point72 Asia Hong Kong Ltd boosted its holdings in shares of Xcel Energy by 328.8% in the first quarter. Point72 Asia Hong Kong Ltd now owns 3,280 shares of the utilities provider’s stock valued at $149,000 after acquiring an additional 2,515 shares in the last quarter. Centaurus Financial Inc. purchased a new stake in Xcel Energy during the second quarter worth about $166,000. Poehling Capital Management LLC boosted its holdings in Xcel Energy by 91.2% during the second quarter. Poehling Capital Management LLC now owns 3,797 shares of the utilities provider’s stock worth $173,000 after buying an additional 1,811 shares in the last quarter. Parallel Advisors LLC boosted its holdings in Xcel Energy by 92.0% during the second quarter. Parallel Advisors LLC now owns 4,170 shares of the utilities provider’s stock worth $190,000 after buying an additional 1,998 shares in the last quarter. Finally, Tealwood Asset Management Inc. purchased a new stake in Xcel Energy during the second quarter worth about $201,000. Institutional investors own 73.96% of the company’s stock.
A number of analysts recently commented on the stock. Zacks Investment Research raised shares of Xcel Energy from a “hold” rating to a “buy” rating and set a $49.00 price objective on the stock in a report on Tuesday, June 19th. Bank of America reaffirmed a “neutral” rating on shares of Xcel Energy in a report on Wednesday, June 27th. Morgan Stanley upped their price target on shares of Xcel Energy from $46.00 to $49.00 and gave the company an “overweight” rating in a report on Monday, July 16th. Finally, Barclays assumed coverage on shares of Xcel Energy in a report on Tuesday, July 10th. They issued an “overweight” rating and a $53.00 price target on the stock. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Xcel Energy has a consensus rating of “Buy” and a consensus target price of $48.22.
Shares of NYSE:XEL traded up $0.03 during trading on Friday, reaching $47.65. The stock had a trading volume of 3,557,602 shares, compared to its average volume of 3,368,022. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.87 and a quick ratio of 0.68. Xcel Energy Inc has a fifty-two week low of $41.51 and a fifty-two week high of $52.22.
Xcel Energy (NYSE:XEL) last posted its quarterly earnings data on Thursday, July 26th. The utilities provider reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.05. Xcel Energy had a net margin of 10.06% and a return on equity of 10.44%. The business had revenue of $2.66 billion during the quarter, compared to analyst estimates of $2.71 billion. During the same quarter in the previous year, the business posted $0.45 earnings per share. The company’s revenue was up .5% on a year-over-year basis. As a group, research analysts expect that Xcel Energy Inc will post 2.44 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Saturday, October 20th. Investors of record on Friday, September 14th will be given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 3.19%. The ex-dividend date is Thursday, September 13th.
In other news, SVP Judy M. Poferl sold 7,182 shares of the stock in a transaction on Friday, September 7th. The shares were sold at an average price of $48.67, for a total value of $349,547.94. Following the completion of the sale, the senior vice president now owns 25,460 shares of the company’s stock, valued at $1,239,138.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Lynn Casey acquired 1,000 shares of the company’s stock in a transaction dated Wednesday, September 5th. The stock was acquired at an average cost of $48.89 per share, with a total value of $48,890.00. Following the transaction, the director now directly owns 3,131 shares of the company’s stock, valued at $153,074.59. The disclosure for this purchase can be found here. Corporate insiders own 0.22% of the company’s stock.
Xcel Energy Company Profile
Xcel Energy Inc is a public utility holding company. The Company’s operations include the activity of four utility subsidiaries that serve electric and natural gas customers in eight states. The Company’s segments include regulated electric utility, regulated natural gas utility and all other. The Company’s utility subsidiaries include NSP-Minnesota, NSP-Wisconsin, Public Service Company of Colorado (PSCo) and Southwestern Public Service Co (SPS), which serve customers in portions of Colorado, Michigan, Minnesota, New Mexico, North Dakota, South Dakota, Texas and Wisconsin.
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