New York State Common Retirement Fund Has $16.36 Million Stock Position in Xcel Energy Inc. (NASDAQ:XEL)

New York State Common Retirement Fund trimmed its position in Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 20.9% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 250,598 shares of the company's stock after selling 66,400 shares during the period. New York State Common Retirement Fund's holdings in Xcel Energy were worth $16,364,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. TruNorth Capital Management LLC acquired a new stake in Xcel Energy during the second quarter worth about $30,000. American National Bank acquired a new stake in shares of Xcel Energy during the 2nd quarter worth approximately $32,000. Kimelman & Baird LLC bought a new stake in shares of Xcel Energy in the 2nd quarter worth approximately $35,000. Rothschild Investment LLC acquired a new position in Xcel Energy during the 2nd quarter valued at approximately $37,000. Finally, Voisard Asset Management Group Inc. bought a new position in Xcel Energy during the 2nd quarter worth $43,000. 78.38% of the stock is owned by institutional investors.

Xcel Energy Price Performance

NASDAQ:XEL traded up $0.16 during trading hours on Wednesday, reaching $66.49. 5,039,597 shares of the company's stock were exchanged, compared to its average volume of 4,214,310. The company has a market capitalization of $38.18 billion, a P/E ratio of 19.73, a price-to-earnings-growth ratio of 2.69 and a beta of 0.38. Xcel Energy Inc. has a 12 month low of $46.79 and a 12 month high of $68.36. The business's 50-day simple moving average is $63.80 and its two-hundred day simple moving average is $58.49. The company has a quick ratio of 0.82, a current ratio of 0.93 and a debt-to-equity ratio of 1.42.

Xcel Energy (NASDAQ:XEL - Get Free Report) last issued its earnings results on Thursday, October 31st. The company reported $1.25 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.26 by ($0.01). Xcel Energy had a return on equity of 10.76% and a net margin of 13.67%. The company had revenue of $3.64 billion during the quarter, compared to analyst estimates of $3.93 billion. During the same quarter in the previous year, the firm earned $1.23 earnings per share. The business's revenue was down .5% compared to the same quarter last year. Sell-side analysts expect that Xcel Energy Inc. will post 3.55 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

XEL has been the subject of several recent research reports. Jefferies Financial Group upgraded shares of Xcel Energy from a "hold" rating to a "buy" rating and upped their price target for the stock from $71.00 to $76.00 in a research report on Friday, November 1st. KeyCorp lifted their price target on Xcel Energy from $69.00 to $74.00 and gave the company an "overweight" rating in a report on Friday, November 1st. Wells Fargo & Company increased their price objective on Xcel Energy from $63.00 to $66.00 and gave the stock an "equal weight" rating in a report on Wednesday, October 16th. Morgan Stanley lifted their target price on Xcel Energy from $68.00 to $73.00 and gave the company an "equal weight" rating in a research note on Wednesday, September 25th. Finally, Argus raised Xcel Energy from a "hold" rating to a "buy" rating and set a $68.00 price target for the company in a research note on Monday, August 26th. Seven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $66.38.

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.