Employees Retirement System of Texas Has $40.18 Million Position in Xcel Energy Inc. (NASDAQ:XEL)

Employees Retirement System of Texas trimmed its stake in Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 13.7% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 59,510 shares of the company's stock after selling 9,410 shares during the quarter. Employees Retirement System of Texas' holdings in Xcel Energy were worth $40,181,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Hilltop Holdings Inc. acquired a new stake in Xcel Energy in the 3rd quarter valued at approximately $230,000. Integrated Wealth Concepts LLC raised its stake in shares of Xcel Energy by 4.6% during the third quarter. Integrated Wealth Concepts LLC now owns 17,482 shares of the company's stock valued at $1,142,000 after purchasing an additional 772 shares in the last quarter. Kovitz Investment Group Partners LLC grew its position in Xcel Energy by 67.4% in the 3rd quarter. Kovitz Investment Group Partners LLC now owns 26,143 shares of the company's stock valued at $1,707,000 after buying an additional 10,530 shares in the last quarter. iA Global Asset Management Inc. raised its position in shares of Xcel Energy by 4.1% during the 3rd quarter. iA Global Asset Management Inc. now owns 56,831 shares of the company's stock worth $3,711,000 after buying an additional 2,247 shares in the last quarter. Finally, Zacks Investment Management acquired a new position in shares of Xcel Energy during the third quarter valued at approximately $417,000. Institutional investors and hedge funds own 78.38% of the company's stock.

Wall Street Analysts Forecast Growth

XEL has been the subject of a number of research analyst reports. Morgan Stanley upped their price target on shares of Xcel Energy from $75.00 to $78.00 and gave the company an "equal weight" rating in a report on Thursday, March 20th. UBS Group raised their target price on shares of Xcel Energy from $73.00 to $77.00 and gave the stock a "neutral" rating in a report on Tuesday, April 1st. Barclays upped their price target on Xcel Energy from $69.00 to $72.00 and gave the company an "overweight" rating in a report on Monday, March 31st. Finally, Wells Fargo & Company raised their price objective on Xcel Energy from $72.00 to $75.00 and gave the stock an "overweight" rating in a research note on Friday, February 7th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $73.00.

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Xcel Energy Stock Up 1.7 %

Shares of NASDAQ:XEL traded up $1.15 on Friday, reaching $69.56. The company had a trading volume of 3,148,380 shares, compared to its average volume of 3,602,948. The company has a quick ratio of 0.82, a current ratio of 0.93 and a debt-to-equity ratio of 1.42. The stock has a market capitalization of $39.97 billion, a P/E ratio of 20.22, a P/E/G ratio of 2.62 and a beta of 0.39. The stock has a 50-day moving average price of $69.09 and a 200 day moving average price of $67.63. Xcel Energy Inc. has a twelve month low of $51.97 and a twelve month high of $73.38.

Xcel Energy (NASDAQ:XEL - Get Free Report) last posted its quarterly earnings data 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%. On average, equities analysts expect that Xcel Energy Inc. will post 3.82 EPS for the current year.

Xcel Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, April 20th. Stockholders of record on Friday, March 14th will be paid a $0.57 dividend. This is an increase from Xcel Energy's previous quarterly dividend of $0.55. The ex-dividend date is Friday, March 14th. This represents a $2.28 annualized dividend and a dividend yield of 3.28%. Xcel Energy's dividend payout ratio (DPR) is presently 66.28%.

Insider Buying and Selling

In other news, Director Devin W. Stockfish acquired 2,170 shares of Xcel Energy stock in a transaction on Tuesday, March 11th. The stock was bought 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 of the company's stock, valued at $207,272.51. The trade was a 259.26 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. 0.09% of the stock is currently owned by insiders.

Xcel Energy 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.