Xcel Energy Inc. (NASDAQ:XEL) Shares Bought by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in Xcel Energy Inc. (NASDAQ:XEL) by 6.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,105,022 shares of the company’s stock after purchasing an additional 68,656 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned approximately 0.20% of Xcel Energy worth $59,395,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Asset Management One Co. Ltd. boosted its stake in shares of Xcel Energy by 2.6% during the 4th quarter. Asset Management One Co. Ltd. now owns 298,074 shares of the company’s stock worth $18,448,000 after purchasing an additional 7,679 shares during the last quarter. Principal Securities Inc. acquired a new stake in Xcel Energy during the fourth quarter worth approximately $896,000. Kayne Anderson Capital Advisors LP grew its stake in Xcel Energy by 3.7% in the 4th quarter. Kayne Anderson Capital Advisors LP now owns 325,159 shares of the company’s stock worth $20,131,000 after acquiring an additional 11,709 shares during the period. Pacer Advisors Inc. raised its holdings in Xcel Energy by 47.7% in the 4th quarter. Pacer Advisors Inc. now owns 115,016 shares of the company’s stock valued at $7,121,000 after acquiring an additional 37,131 shares during the last quarter. Finally, First Bank & Trust lifted its stake in shares of Xcel Energy by 66.8% during the 4th quarter. First Bank & Trust now owns 70,404 shares of the company’s stock worth $4,359,000 after purchasing an additional 28,187 shares during the period. 78.38% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

XEL has been the subject of a number of recent analyst reports. Morgan Stanley lowered their price objective on Xcel Energy from $65.00 to $62.00 and set an “equal weight” rating for the company in a research report on Monday, June 24th. KeyCorp dropped their price objective on shares of Xcel Energy from $68.00 to $65.00 and set an “overweight” rating for the company in a research note on Friday, April 19th. Bank of America increased their price objective on shares of Xcel Energy from $63.00 to $66.00 and gave the stock a “buy” rating in a report on Monday, April 29th. Evercore ISI boosted their target price on shares of Xcel Energy from $54.00 to $59.00 and gave the company an “outperform” rating in a report on Friday, April 26th. Finally, StockNews.com raised shares of Xcel Energy from a “sell” rating to a “hold” rating in a research note on Thursday, May 2nd. Six research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $62.00.

Xcel Energy Stock Up 1.3 %

NASDAQ XEL traded up $0.70 during trading hours on Tuesday, hitting $53.93. The company had a trading volume of 2,377,723 shares, compared to its average volume of 4,588,527. The firm’s 50 day moving average is $54.23 and its 200 day moving average is $55.56. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.86 and a quick ratio of 0.74. Xcel Energy Inc. has a fifty-two week low of $46.79 and a fifty-two week high of $65.62. The company has a market capitalization of $29.97 billion, a price-to-earnings ratio of 16.20, a P/E/G ratio of 2.39 and a beta of 0.37.

Xcel Energy (NASDAQ:XEL) last posted its earnings results on Thursday, April 25th. The company reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.08. The business had revenue of $3.65 billion during the quarter, compared to analyst estimates of $4.12 billion. Xcel Energy had a return on equity of 11.03% and a net margin of 13.36%. The company’s revenue for the quarter was down 10.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.76 earnings per share. Sell-side analysts anticipate that Xcel Energy Inc. will post 3.56 earnings per share for the current fiscal year.

Xcel Energy Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Saturday, July 20th. Stockholders of record on Friday, June 14th will be given a dividend of $0.5475 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $2.19 dividend on an annualized basis and a dividend yield of 4.06%. Xcel Energy’s payout ratio is currently 65.77%.

About Xcel Energy

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.