Texas Permanent School Fund Corp Sells 941 Shares of Xcel Energy Inc. (NASDAQ:XEL)

Texas Permanent School Fund Corp decreased its holdings in Xcel Energy Inc. (NASDAQ:XELFree Report) by 0.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor 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.

A number of other institutional investors have also recently made changes to their positions in the business. Aptus Capital Advisors LLC lifted its position in Xcel Energy by 21.9% during the 3rd quarter. Aptus Capital Advisors LLC now owns 10,457 shares of the company’s stock worth $598,000 after acquiring an additional 1,882 shares during the period. Wade G W & Inc. raised its stake in shares of Xcel Energy by 7.6% during the 3rd quarter. Wade G W & Inc. now owns 4,207 shares of the company’s stock valued at $241,000 after buying an additional 296 shares during the last quarter. Huntington National Bank raised its stake in shares of Xcel Energy by 10.7% during the 3rd quarter. Huntington National Bank now owns 21,823 shares of the company’s stock valued at $1,249,000 after buying an additional 2,103 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC purchased a new position in shares of Xcel Energy during the 3rd quarter valued at about $31,000. Finally, Bell Investment Advisors Inc raised its stake in shares of Xcel Energy by 238.2% during the 3rd quarter. Bell Investment Advisors Inc now owns 646 shares of the company’s stock valued at $37,000 after buying an additional 455 shares during the last quarter. Institutional investors and hedge funds own 77.83% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. KeyCorp lifted their price objective on Xcel Energy from $62.00 to $68.00 and gave the company an “overweight” rating in a research note on Thursday, January 4th. Morgan Stanley lifted their price target on Xcel Energy from $58.00 to $59.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 21st. StockNews.com upgraded Xcel Energy from a “sell” rating to a “hold” rating in a research note on Sunday, November 5th. JPMorgan Chase & Co. lifted their price target on Xcel Energy from $66.00 to $68.00 and gave the company a “neutral” rating in a research note on Thursday, November 30th. Finally, Mizuho cut their price target on Xcel Energy from $69.00 to $62.00 and set a “buy” rating for the company in a research note on Tuesday, October 24th. Eight investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Xcel Energy has a consensus rating of “Hold” and a consensus price target of $65.00.

View Our Latest Analysis on Xcel Energy

Xcel Energy Price Performance

NASDAQ:XEL opened at $58.17 on Monday. Xcel Energy Inc. has a 12 month low of $53.73 and a 12 month high of $71.96. The stock has a 50 day moving average of $61.04 and a two-hundred day moving average of $59.69. The company has a current ratio of 0.87, a quick ratio of 0.73 and a debt-to-equity ratio of 1.44. The firm has a market cap of $32.10 billion, a P/E ratio of 18.12, a price-to-earnings-growth ratio of 2.71 and a beta of 0.40.

Xcel Energy (NASDAQ:XELGet Free Report) last posted 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 return on equity of 10.88% and a net margin of 12.47%. The firm had revenue of $3.44 billion for the quarter, compared to analysts’ expectations of $4.01 billion. During the same quarter last year, the firm posted $0.69 earnings per share. Xcel Energy’s quarterly revenue was down 15.1% on a year-over-year basis. On average, analysts expect that Xcel Energy Inc. will post 3.57 earnings per share for the current fiscal year.

Xcel Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Saturday, January 20th. Stockholders of record on Thursday, December 28th were issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 3.58%. The ex-dividend date was Wednesday, December 27th. 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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