California State Teachers Retirement System Sells 26,492 Shares of Xcel Energy Inc. (NASDAQ:XEL)

California State Teachers Retirement System decreased its position in shares of Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 3.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 664,537 shares of the company's stock after selling 26,492 shares during the quarter. California State Teachers Retirement System owned about 0.12% of Xcel Energy worth $44,870,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. grew its stake in Xcel Energy by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 73,831,988 shares of the company's stock valued at $4,985,136,000 after purchasing an additional 953,002 shares during the period. Bank of America Corp DE grew its stake in Xcel Energy by 43.6% in the 4th quarter. Bank of America Corp DE now owns 20,762,745 shares of the company's stock valued at $1,401,901,000 after purchasing an additional 6,306,380 shares during the period. JPMorgan Chase & Co. grew its stake in Xcel Energy by 5.6% in the 4th quarter. JPMorgan Chase & Co. now owns 19,291,149 shares of the company's stock valued at $1,302,538,000 after purchasing an additional 1,022,194 shares during the period. Massachusetts Financial Services Co. MA grew its stake in Xcel Energy by 15.9% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 17,613,239 shares of the company's stock valued at $1,189,246,000 after purchasing an additional 2,422,483 shares during the period. Finally, Geode Capital Management LLC grew its stake in Xcel Energy by 4.2% in the 4th quarter. Geode Capital Management LLC now owns 15,178,956 shares of the company's stock valued at $1,029,223,000 after purchasing an additional 616,853 shares during the period. Institutional investors own 78.38% of the company's stock.

Xcel Energy Price Performance

Shares of NASDAQ XEL traded up $0.73 during trading hours on Friday, reaching $70.20. 3,985,767 shares of the stock traded hands, compared to its average volume of 3,629,701. The company has a market capitalization of $40.49 billion, a P/E ratio of 20.41, a price-to-earnings-growth ratio of 2.62 and a beta of 0.38. 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 Inc. has a 52-week low of $51.97 and a 52-week high of $73.38. The company's 50-day simple moving average is $69.89 and its two-hundred day simple moving average is $68.96.

Xcel Energy (NASDAQ:XEL - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The company reported $0.84 earnings per share for the quarter, missing analysts' consensus estimates of $0.95 by ($0.11). Xcel Energy had a net margin of 14.40% and a return on equity of 10.65%. The firm had revenue of $3.91 billion for the quarter, compared to analysts' expectations of $3.93 billion. During the same period in the prior year, the business posted $0.88 earnings per share. The business's quarterly revenue was up 7.0% on a year-over-year basis. Equities research analysts forecast that Xcel Energy Inc. will post 3.82 EPS for the current year.

Xcel Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 30th. Investors of record on Friday, June 13th will be given a dividend of $0.57 per share. The ex-dividend date is Friday, June 13th. This represents a $2.28 annualized dividend and a yield of 3.25%. Xcel Energy's payout ratio is 67.06%.

Insider Buying and Selling

In related news, Director Devin W. Stockfish acquired 2,170 shares of the stock in a transaction on Tuesday, March 11th. The stock was acquired at an average price of $68.93 per share, for a total transaction of $149,578.10. Following the completion of the purchase, the director now owns 3,007 shares of the company's stock, valued at $207,272.51. This represents a 259.26% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.09% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

XEL has been the subject of several research reports. Wells Fargo & Company set a $78.00 price target on Xcel Energy and gave the stock an "overweight" rating in a research note on Friday, April 25th. Morgan Stanley set a $78.00 price objective on Xcel Energy and gave the stock an "equal weight" rating in a report on Thursday, May 22nd. Wall Street Zen cut Xcel Energy from a "hold" rating to a "sell" rating in a report on Tuesday, May 20th. UBS Group increased their price objective on Xcel Energy from $73.00 to $77.00 and gave the stock a "neutral" rating in a report on Tuesday, April 1st. Finally, BMO Capital Markets increased their price objective on Xcel Energy from $69.00 to $73.00 and gave the stock a "market perform" rating in a report on Wednesday, April 23rd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $75.90.

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.