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

Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 2.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,088,936 shares of the company's stock after purchasing an additional 30,633 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned about 0.19% of Xcel Energy worth $73,525,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. OneDigital Investment Advisors LLC raised its stake in Xcel Energy by 7.6% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 14,148 shares of the company's stock valued at $924,000 after acquiring an additional 998 shares during the last quarter. Natixis Advisors LLC increased its holdings in shares of Xcel Energy by 4.9% in the third quarter. Natixis Advisors LLC now owns 124,967 shares of the company's stock valued at $8,160,000 after purchasing an additional 5,799 shares during the period. Aviance Capital Partners LLC acquired a new position in shares of Xcel Energy in the third quarter valued at approximately $321,000. Pathstone Holdings LLC raised its stake in shares of Xcel Energy by 9.6% during the third quarter. Pathstone Holdings LLC now owns 75,673 shares of the company's stock worth $4,944,000 after purchasing an additional 6,620 shares during the last quarter. Finally, Caprock Group LLC lifted its holdings in shares of Xcel Energy by 4.8% during the third quarter. Caprock Group LLC now owns 7,393 shares of the company's stock worth $487,000 after purchasing an additional 339 shares during the period. 78.38% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analyst Weigh In

Several equities analysts have issued reports on XEL shares. Wells Fargo & Company boosted their price objective on shares of Xcel Energy from $72.00 to $75.00 and gave the company an "overweight" rating in a research note on Friday, February 7th. JPMorgan Chase & Co. upgraded shares of Xcel Energy from a "neutral" rating to an "overweight" rating and boosted their price target for the stock from $69.00 to $80.00 in a research note on Thursday, December 12th. UBS Group raised their price objective on shares of Xcel Energy from $70.00 to $73.00 and gave the company a "neutral" rating in a research report on Friday. Barclays lowered their price objective on Xcel Energy from $71.00 to $69.00 and set an "overweight" rating on the stock in a report on Wednesday, January 22nd. Finally, Morgan Stanley increased their target price on Xcel Energy from $75.00 to $78.00 and gave the stock an "equal weight" rating in a research note on Thursday. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, Xcel Energy presently has a consensus rating of "Moderate Buy" and a consensus target price of $72.30.

Insider Transactions at Xcel Energy

In related news, Director Devin W. Stockfish acquired 2,170 shares of the company's stock in a transaction that occurred on Tuesday, March 11th. The stock was purchased at an average price of $68.93 per share, for a total transaction of $149,578.10. Following the transaction, the director now owns 3,007 shares in the company, valued at $207,272.51. This trade represents a 259.26 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.09% of the company's stock.

Xcel Energy Price Performance

XEL stock traded down $0.25 during midday trading on Monday, hitting $68.86. 3,156,853 shares of the stock were exchanged, compared to its average volume of 3,307,789. The stock's 50-day moving average price is $68.31 and its 200-day moving average price is $67.12. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.82 and a current ratio of 0.93. The stock has a market cap of $39.56 billion, a price-to-earnings ratio of 20.02, a PEG ratio of 2.62 and a beta of 0.37. Xcel Energy Inc. has a fifty-two week low of $51.58 and a fifty-two week high of $73.38.

Xcel Energy (NASDAQ:XEL - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The company reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.06). Xcel Energy had a return on equity of 10.65% and a net margin of 14.40%. Research analysts predict that Xcel Energy Inc. will post 3.82 earnings per share for the current year.

Xcel Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Sunday, April 20th. Stockholders of record on Friday, March 14th will be given a $0.57 dividend. The ex-dividend date of this dividend is Friday, March 14th. This is a positive change from Xcel Energy's previous quarterly dividend of $0.55. This represents a $2.28 annualized dividend and a dividend yield of 3.31%. Xcel Energy's dividend payout ratio is currently 66.28%.

Xcel Energy Company Profile

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.