California State Teachers Retirement System Has $4.68 Billion Stock Holdings in Xcel Energy Inc. $XEL

Key Points

• California State Teachers Retirement System increased its Xcel Energy stake by 8,419.7% in the second quarter, reaching 58.3 million shares valued at approximately $4.68 billion, or 9.34% of the company.
• Xcel Energy reported quarterly EPS of $0.93, beating the $0.79 analyst consensus, although revenue fell 5.1% year over year to $3.12 billion. The company declared a quarterly dividend of $0.5925 per share, representing a 3.1% annualized yield.
• Analysts maintain a broadly positive outlook, with Xcel receiving a consensus “Buy” rating and an average price target of $92.41 versus the stock’s reported price of $76.19.

California State Teachers Retirement System grew its position in shares of Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 8,419.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 58,315,466 shares of the company's stock after buying an additional 57,630,988 shares during the period. California State Teachers Retirement System owned approximately 9.34% of Xcel Energy worth $4,682,732,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Quadrant Capital Group LLC boosted its position in shares of Xcel Energy by 1.7% in the third quarter. Quadrant Capital Group LLC now owns 7,358 shares of the company's stock valued at $593,000 after acquiring an additional 125 shares during the period. Bleakley Financial Group LLC increased its position in Xcel Energy by 0.5% during the fourth quarter. Bleakley Financial Group LLC now owns 28,949 shares of the company's stock worth $2,138,000 after acquiring an additional 131 shares during the period. Hills Bank & Trust Co raised its stake in Xcel Energy by 2.2% in the 4th quarter. Hills Bank & Trust Co now owns 6,184 shares of the company's stock worth $457,000 after purchasing an additional 133 shares in the last quarter. Keel Point LLC raised its stake in Xcel Energy by 2.6% in the 4th quarter. Keel Point LLC now owns 5,485 shares of the company's stock worth $405,000 after purchasing an additional 137 shares in the last quarter. Finally, KCM Investment Advisors LLC boosted its holdings in Xcel Energy by 1.9% in the 1st quarter. KCM Investment Advisors LLC now owns 7,549 shares of the company's stock valued at $600,000 after purchasing an additional 140 shares during the period. Institutional investors and hedge funds own 78.38% of the company's stock.

Xcel Energy Price Performance

XEL stock opened at $76.19 on Thursday. The company has a quick ratio of 0.62, a current ratio of 0.70 and a debt-to-equity ratio of 1.49. Xcel Energy Inc. has a 12 month low of $71.35 and a 12 month high of $84.23. The firm has a market cap of $47.59 billion, a P/E ratio of 20.87, a P/E/G ratio of 2.60 and a beta of 0.39. The company's 50-day moving average price is $78.48 and its two-hundred day moving average price is $79.55.

Xcel Energy (NASDAQ:XEL - Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $0.93 earnings per share for the quarter, topping analysts' consensus estimates of $0.79 by $0.14. The company had revenue of $3.12 billion during the quarter, compared to the consensus estimate of $3.54 billion. Xcel Energy had a net margin of 15.28% and a return on equity of 10.65%. The firm's quarterly revenue was down 5.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.59 EPS. On average, analysts anticipate that Xcel Energy Inc. will post 4.11 earnings per share for the current fiscal year.

Xcel Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 20th. Shareholders of record on Tuesday, September 15th will be paid a dividend of $0.5925 per share. The ex-dividend date is Tuesday, September 15th. This represents a $2.37 annualized dividend and a yield of 3.1%. Xcel Energy's dividend payout ratio is presently 64.93%.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. New Street Research set a $91.00 target price on shares of Xcel Energy in a research report on Tuesday, June 23rd. Barclays lifted their price target on shares of Xcel Energy from $87.00 to $90.00 and gave the company an "overweight" rating in a research report on Thursday, July 9th. Weiss Ratings reiterated a "buy (b-)" rating on shares of Xcel Energy in a research note on Wednesday, June 17th. Morgan Stanley reduced their price target on Xcel Energy from $92.00 to $89.00 and set an "equal weight" rating on the stock in a research report on Friday, August 21st. Finally, JPMorgan Chase & Co. raised their price objective on Xcel Energy from $91.00 to $102.00 and gave the stock an "overweight" rating in a research note on Thursday, July 16th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat, Xcel Energy presently has a consensus rating of "Buy" and a consensus price target of $92.41.

About Xcel Energy

Xcel Energy Inc is a Minneapolis-based electric and natural gas utility holding company that serves customers across parts of Colorado, Michigan, Minnesota, New Mexico, North Dakota, South Dakota, Texas and Wisconsin. Through its operating companies, Xcel provides electricity generation, transmission and distribution, as well as natural gas distribution and related energy services.

The company operates a diversified generating fleet that includes wind, solar, hydroelectric, nuclear, natural gas and other resources.

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