Public Employees Retirement System of Ohio Grows Holdings in Xcel Energy Inc. (NASDAQ:XEL)

Public Employees Retirement System of Ohio increased its holdings in shares of Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 13.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 247,997 shares of the company's stock after buying an additional 28,508 shares during the period. Public Employees Retirement System of Ohio's holdings in Xcel Energy were worth $16,194,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in XEL. Envestnet Portfolio Solutions Inc. lifted its holdings in Xcel Energy by 21.6% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 61,167 shares of the company's stock worth $3,267,000 after buying an additional 10,851 shares during the last quarter. Raymond James & Associates boosted its holdings in Xcel Energy by 83.5% in the second quarter. Raymond James & Associates now owns 1,103,809 shares of the company's stock valued at $58,954,000 after purchasing an additional 502,231 shares in the last quarter. ING Groep NV increased its stake in Xcel Energy by 85.0% in the third quarter. ING Groep NV now owns 231,482 shares of the company's stock valued at $15,116,000 after purchasing an additional 106,326 shares during the last quarter. Savant Capital LLC raised its holdings in Xcel Energy by 112.7% during the second quarter. Savant Capital LLC now owns 31,771 shares of the company's stock worth $1,697,000 after purchasing an additional 16,834 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd raised its holdings in Xcel Energy by 64.4% during the third quarter. Harvest Fund Management Co. Ltd now owns 27,634 shares of the company's stock worth $1,805,000 after purchasing an additional 10,821 shares in the last quarter. 78.38% of the stock is currently owned by institutional investors and hedge funds.

Xcel Energy Stock Performance

NASDAQ:XEL traded down $0.79 during mid-day trading on Wednesday, reaching $68.36. The stock had a trading volume of 3,012,268 shares, compared to its average volume of 4,105,694. 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 business has a 50 day simple moving average of $67.04 and a 200 day simple moving average of $61.14. Xcel Energy Inc. has a twelve month low of $46.79 and a twelve month high of $73.38. The firm has a market capitalization of $39.26 billion, a price-to-earnings ratio of 20.52, a PEG ratio of 2.86 and a beta of 0.41.

Xcel Energy (NASDAQ:XEL - Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The company reported $1.25 EPS for the quarter, missing the consensus estimate of $1.26 by ($0.01). The business had revenue of $3.64 billion during the quarter, compared to analyst estimates of $3.93 billion. Xcel Energy had a net margin of 13.67% and a return on equity of 10.76%. The firm's quarterly revenue was down .5% compared to the same quarter last year. During the same period in the prior year, the business earned $1.23 earnings per share. On average, analysts expect that Xcel Energy Inc. will post 3.54 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently commented on XEL shares. Wells Fargo & Company increased their target price on shares of Xcel Energy from $63.00 to $66.00 and gave the company an "equal weight" rating in a research report on Wednesday, October 16th. KeyCorp upped their target price on Xcel Energy from $74.00 to $79.00 and gave the company an "overweight" rating in a research report on Wednesday, December 4th. Jefferies Financial Group raised Xcel Energy from a "hold" rating to a "buy" rating and lifted their price target for the stock from $71.00 to $76.00 in a research report on Friday, November 1st. Morgan Stanley lowered their target price on shares of Xcel Energy from $74.00 to $72.00 and set an "equal weight" rating on the stock in a research report on Friday, November 22nd. Finally, Argus upgraded shares of Xcel Energy from a "hold" rating to a "buy" rating and set a $68.00 price target for the company in a research report on Monday, August 26th. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, Xcel Energy has a consensus rating of "Moderate Buy" and an average price target of $67.00.

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.