Xcel Energy Inc. $XEL Shares Sold by Arizona State Retirement System

Arizona State Retirement System trimmed its holdings in shares of Xcel Energy Inc. (NASDAQ:XEL) by 4.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 162,174 shares of the company’s stock after selling 7,827 shares during the period. Arizona State Retirement System’s holdings in Xcel Energy were worth $11,978,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of XEL. Quadrant Capital Group LLC boosted its stake in Xcel Energy by 1.7% during the third quarter. Quadrant Capital Group LLC now owns 7,358 shares of the company’s stock valued at $593,000 after buying an additional 125 shares in the last quarter. TIAA Trust National Association boosted its stake in Xcel Energy by 1.0% during the third quarter. TIAA Trust National Association now owns 12,683 shares of the company’s stock valued at $1,022,000 after buying an additional 126 shares in the last quarter. Segment Wealth Management LLC boosted its stake in Xcel Energy by 2.2% during the third quarter. Segment Wealth Management LLC now owns 6,201 shares of the company’s stock valued at $500,000 after buying an additional 135 shares in the last quarter. Warwick Investment Management Inc. boosted its stake in Xcel Energy by 2.9% during the third quarter. Warwick Investment Management Inc. now owns 4,970 shares of the company’s stock valued at $401,000 after buying an additional 140 shares in the last quarter. Finally, Intrust Bank NA boosted its stake in Xcel Energy by 1.3% during the third quarter. Intrust Bank NA now owns 11,360 shares of the company’s stock valued at $916,000 after buying an additional 142 shares in the last quarter. 78.38% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

XEL has been the subject of several research reports. KeyCorp raised their target price on Xcel Energy from $89.00 to $90.00 and gave the company an “overweight” rating in a research note on Tuesday. Royal Bank Of Canada reiterated an “outperform” rating and issued a $95.00 price target on shares of Xcel Energy in a research report on Friday, January 23rd. UBS Group increased their price target on Xcel Energy from $89.00 to $91.00 and gave the company a “buy” rating in a research report on Monday, April 20th. Truist Financial assumed coverage on Xcel Energy in a research report on Monday, April 20th. They issued a “buy” rating and a $95.00 price target for the company. Finally, Mizuho set a $86.00 price target on Xcel Energy in a research report on Friday, January 9th. Four equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $90.88.

Xcel Energy Stock Down 0.4%

XEL opened at $79.15 on Friday. Xcel Energy Inc. has a fifty-two week low of $65.21 and a fifty-two week high of $84.23. The business has a 50-day moving average of $80.74 and a 200-day moving average of $78.75. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.71 and a quick ratio of 0.60. The company has a market capitalization of $49.40 billion, a PE ratio of 23.14, a price-to-earnings-growth ratio of 2.18 and a beta of 0.43.

Xcel Energy (NASDAQ:XEL) last posted its quarterly earnings results on Wednesday, February 4th. The company reported $0.96 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.96. Xcel Energy had a return on equity of 10.46% and a net margin of 13.76%.The company had revenue of $3.56 billion during the quarter, compared to the consensus estimate of $3.77 billion. During the same period last year, the business earned $0.81 EPS. The business’s quarterly revenue was up 14.1% on a year-over-year basis. Equities research analysts forecast that Xcel Energy Inc. will post 4.11 EPS for the current fiscal year.

Xcel Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 20th. Investors of record on Friday, March 13th were paid a $0.5925 dividend. This represents a $2.37 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend was Friday, March 13th. This is a positive change from Xcel Energy’s previous quarterly dividend of $0.57. Xcel Energy’s dividend payout ratio (DPR) is 69.30%.

About Xcel Energy

Xcel Energy (NASDAQ: XEL) is a Minneapolis-based, publicly traded utility holding company that develops, owns and operates regulated electricity and natural gas delivery systems. The company’s core activities include generation, transmission and distribution of electricity, the delivery of natural gas to customers, and related customer service operations. Xcel provides a mix of utility services to residential, commercial and industrial customers and participates in wholesale energy markets where appropriate.

Its generation portfolio combines nuclear, natural gas, coal and a growing share of renewable resources such as wind and solar.