Texas Permanent School Fund Corp Has $6.52 Million Position in Xcel Energy Inc. (NASDAQ:XEL)

Texas Permanent School Fund Corp cut its stake in Xcel Energy Inc. (NASDAQ:XELFree Report) by 0.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 113,960 shares of the company’s stock after selling 941 shares during the quarter. Texas Permanent School Fund Corp’s holdings in Xcel Energy were worth $6,521,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of XEL. McCarthy Grittinger Financial Group LLC bought a new position in shares of Xcel Energy in the third quarter valued at about $26,000. Strategic Investment Solutions Inc. IL bought a new position in shares of Xcel Energy in the first quarter valued at about $27,000. Country Trust Bank raised its position in shares of Xcel Energy by 106.6% in the third quarter. Country Trust Bank now owns 535 shares of the company’s stock valued at $31,000 after purchasing an additional 276 shares during the period. Annis Gardner Whiting Capital Advisors LLC bought a new position in shares of Xcel Energy in the third quarter valued at about $31,000. Finally, Quarry LP raised its position in shares of Xcel Energy by 114.5% in the first quarter. Quarry LP now owns 532 shares of the company’s stock valued at $36,000 after purchasing an additional 284 shares during the period. 77.83% of the stock is owned by institutional investors.

Analyst Ratings Changes

XEL has been the topic of several research reports. KeyCorp upped their price target on shares of Xcel Energy from $62.00 to $68.00 and gave the company an “overweight” rating in a research note on Thursday, January 4th. Wells Fargo & Company upped their price target on shares of Xcel Energy from $63.00 to $64.00 and gave the company an “equal weight” rating in a research note on Friday, January 26th. BMO Capital Markets upped their price target on shares of Xcel Energy from $59.00 to $62.00 and gave the company a “market perform” rating in a research note on Monday, December 18th. Royal Bank of Canada upped their price target on shares of Xcel Energy from $67.00 to $68.00 and gave the company a “sector perform” rating in a research note on Tuesday, January 30th. Finally, Mizuho decreased their price target on shares of Xcel Energy from $69.00 to $62.00 and set a “buy” rating on the stock in a research note on Tuesday, October 24th. Eight research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, Xcel Energy presently has an average rating of “Hold” and a consensus target price of $65.00.

Get Our Latest Stock Report on Xcel Energy

Xcel Energy Stock Up 0.3 %

Shares of XEL opened at $58.17 on Monday. Xcel Energy Inc. has a one year low of $53.73 and a one year high of $71.96. The company has a market cap of $32.10 billion, a P/E ratio of 18.12, a P/E/G ratio of 2.71 and a beta of 0.40. The company has a debt-to-equity ratio of 1.44, a current ratio of 0.87 and a quick ratio of 0.73. The firm has a 50 day simple moving average of $61.04 and a two-hundred day simple moving average of $59.69.

Xcel Energy (NASDAQ:XELGet Free Report) last announced its quarterly earnings data on Thursday, January 25th. The company reported $0.83 EPS for the quarter, missing the consensus estimate of $0.85 by ($0.02). Xcel Energy had a net margin of 12.47% and a return on equity of 10.88%. The firm had revenue of $3.44 billion for the quarter, compared to analyst estimates of $4.01 billion. During the same quarter in the prior year, the firm earned $0.69 earnings per share. The firm’s revenue for the quarter was down 15.1% on a year-over-year basis. Research analysts forecast that Xcel Energy Inc. will post 3.57 EPS for the current fiscal year.

Xcel Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Saturday, January 20th. Shareholders of record on Thursday, December 28th were given a dividend of $0.52 per share. The ex-dividend date was Wednesday, December 27th. This represents a $2.08 annualized dividend and a yield of 3.58%. Xcel Energy’s dividend payout ratio is currently 64.80%.

About Xcel Energy

(Free Report)

Xcel Energy Inc, through its subsidiaries, generates, purchases, transmits, distributes, and sells electricity. It operates through Regulated Electric Utility, Regulated Natural Gas Utility, and All Other segments. The company generates electricity through coal, nuclear, natural gas, hydroelectric, solar, biomass, oil, wood/refuse, and wind energy sources.

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

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