Employees Retirement System of Texas Sells 9,410 Shares of Xcel Energy Inc. (NASDAQ:XEL)

Employees Retirement System of Texas lowered its stake in shares of Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 13.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 59,510 shares of the company's stock after selling 9,410 shares during the period. Employees Retirement System of Texas' holdings in Xcel Energy were worth $4,018,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Rothschild Investment LLC grew its position in shares of Xcel Energy by 26.0% during the 4th quarter. Rothschild Investment LLC now owns 731 shares of the company's stock worth $49,000 after buying an additional 151 shares in the last quarter. GenTrust LLC increased its holdings in Xcel Energy by 4.5% in the 4th quarter. GenTrust LLC now owns 3,602 shares of the company's stock worth $243,000 after buying an additional 155 shares during the period. Creative Financial Designs Inc. ADV raised its holdings in shares of Xcel Energy by 23.2% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 827 shares of the company's stock worth $56,000 after purchasing an additional 156 shares during the last quarter. Integris Wealth Management LLC lifted its holdings in shares of Xcel Energy by 2.6% in the 4th quarter. Integris Wealth Management LLC now owns 6,323 shares of the company's stock valued at $427,000 after buying an additional 160 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its position in Xcel Energy by 1.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 9,242 shares of the company's stock worth $624,000 after purchasing an additional 160 shares in the last quarter. Hedge funds and other institutional investors own 78.38% of the company's stock.

Insider Buying and Selling at Xcel Energy

In other news, Director Devin W. Stockfish acquired 2,170 shares of the stock in a transaction on Tuesday, March 11th. The shares were purchased at an average cost of $68.93 per share, for a total transaction of $149,578.10. Following the transaction, the director now owns 3,007 shares in the company, valued at approximately $207,272.51. This trade represents a 259.26% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.09% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

XEL has been the subject of a number of research analyst reports. BMO Capital Markets increased their target price on Xcel Energy from $69.00 to $73.00 and gave the company a "market perform" rating in a report on Wednesday, April 23rd. Morgan Stanley set a $78.00 price objective on shares of Xcel Energy and gave the stock an "equal weight" rating in a research report on Thursday, May 22nd. Wells Fargo & Company set a $78.00 target price on shares of Xcel Energy and gave the company an "overweight" rating in a research report on Friday, April 25th. Evercore ISI raised their target price on Xcel Energy from $74.00 to $77.00 and gave the company an "outperform" rating in a report on Monday, April 28th. Finally, Wall Street Zen downgraded shares of Xcel Energy from a "hold" rating to a "sell" rating in a research note on Tuesday, May 20th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $75.90.

Xcel Energy Stock Up 1.1%

Shares of XEL stock traded up $0.73 during mid-day trading on Friday, reaching $70.20. 3,985,767 shares of the company were exchanged, compared to its average volume of 3,629,701. The business's 50 day simple moving average is $69.89 and its 200 day simple moving average is $68.96. The company has a market capitalization of $40.49 billion, a P/E ratio of 20.41, a P/E/G ratio of 2.62 and a beta of 0.38. Xcel Energy Inc. has a fifty-two week low of $51.97 and a fifty-two week high of $73.38. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.82 and a current ratio of 0.93.

Xcel Energy (NASDAQ:XEL - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The company reported $0.84 earnings per share for the quarter, missing the consensus estimate 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 during the quarter, compared to the consensus estimate of $3.93 billion. During the same quarter in the prior year, the business earned $0.88 earnings per share. The company's revenue for the quarter was up 7.0% compared to the same quarter last year. Research analysts predict that Xcel Energy Inc. will post 3.82 earnings per share for the current year.

Xcel Energy Announces Dividend

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

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.