Teacher Retirement System of Texas lowered its position in shares of Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 98.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,218 shares of the company's stock after selling 295,597 shares during the quarter. Teacher Retirement System of Texas' holdings in Xcel Energy were worth $352,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of the company. Sierra Ocean LLC purchased a new position in shares of Xcel Energy during the 4th quarter valued at $26,000. Fairway Wealth LLC bought a new position in shares of Xcel Energy in the fourth quarter worth about $27,000. Crews Bank & Trust purchased a new stake in shares of Xcel Energy during the fourth quarter worth about $34,000. MCF Advisors LLC raised its stake in Xcel Energy by 566.3% during the 4th quarter. MCF Advisors LLC now owns 593 shares of the company's stock valued at $40,000 after purchasing an additional 504 shares during the period. Finally, First Financial Corp IN purchased a new position in Xcel Energy in the 4th quarter worth approximately $46,000. 78.38% of the stock is currently owned by institutional investors.
Insider Activity
In related news, Director Devin W. Stockfish bought 2,170 shares of the firm's stock in a transaction dated Tuesday, March 11th. The stock was bought at an average price of $68.93 per share, with a total value of $149,578.10. Following the completion of the transaction, the director now directly owns 3,007 shares of the company's stock, valued at approximately $207,272.51. This represents a 259.26 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.09% of the company's stock.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently issued reports on XEL shares. JPMorgan Chase & Co. upgraded shares of Xcel Energy from a "neutral" rating to an "overweight" rating and lifted their price objective for the company from $69.00 to $80.00 in a research report on Thursday, December 12th. Morgan Stanley boosted their price target on shares of Xcel Energy from $75.00 to $78.00 and gave the stock an "equal weight" rating in a research note on Thursday, March 20th. UBS Group raised their price objective on Xcel Energy from $73.00 to $77.00 and gave the company a "neutral" rating in a research report on Tuesday. Barclays upped their price target on shares of Xcel Energy from $69.00 to $72.00 and gave the company an "overweight" rating in a research note on Monday. Finally, KeyCorp raised their price objective on Xcel Energy from $74.00 to $79.00 and gave the company an "overweight" rating in a research note on Wednesday, December 4th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $73.00.
Read Our Latest Stock Report on XEL
Xcel Energy Trading Up 1.7 %
Shares of XEL stock traded up $1.24 during trading on Thursday, hitting $72.14. 3,571,949 shares of the stock traded hands, compared to its average volume of 3,571,683. The firm's fifty day moving average price is $68.81 and its 200-day moving average price is $67.39. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.93 and a quick ratio of 0.82. The firm has a market capitalization of $41.45 billion, a P/E ratio of 20.97, a price-to-earnings-growth ratio of 2.62 and a beta of 0.37. Xcel Energy Inc. has a 52-week low of $51.97 and a 52-week high of $73.38.
Xcel Energy (NASDAQ:XEL - Get Free Report) last released its earnings results on Thursday, February 6th. The company reported $0.81 earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.06). Xcel Energy had a net margin of 14.40% and a return on equity of 10.65%. As a group, research analysts forecast that Xcel Energy Inc. will post 3.82 earnings per share for the current fiscal year.
Xcel Energy Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Sunday, April 20th. Stockholders of record on Friday, March 14th will be issued a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 3.16%. This is a boost from Xcel Energy's previous quarterly dividend of $0.55. The ex-dividend date of this dividend is Friday, March 14th. Xcel Energy's payout ratio is 66.28%.
About Xcel Energy
(
Free Report)
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.
Featured Stories
Before you consider Xcel Energy, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Xcel Energy wasn't on the list.
While Xcel Energy currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat's analysts have just released their top five short plays for April 2025. Learn which stocks have the most short interest and how to trade them. Enter your email address to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
