Illinois Municipal Retirement Fund Has $7.92 Million Stock Position in Xcel Energy Inc. (NASDAQ:XEL)

Illinois Municipal Retirement Fund reduced its stake in shares of Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 46.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 111,919 shares of the company's stock after selling 95,544 shares during the period. Illinois Municipal Retirement Fund's holdings in Xcel Energy were worth $7,923,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Creative Financial Designs Inc. ADV lifted its position in shares of Xcel Energy by 23.2% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 827 shares of the company's stock worth $56,000 after buying an additional 156 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of 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 during the last quarter. Personal CFO Solutions LLC grew its stake in shares of Xcel Energy by 2.8% in the 4th quarter. Personal CFO Solutions LLC now owns 5,934 shares of the company's stock worth $401,000 after purchasing an additional 163 shares during the last quarter. RWA Wealth Partners LLC grew its stake in shares of Xcel Energy by 3.5% in the 4th quarter. RWA Wealth Partners LLC now owns 5,155 shares of the company's stock worth $348,000 after purchasing an additional 176 shares during the last quarter. Finally, Redhawk Wealth Advisors Inc. grew its stake in shares of Xcel Energy by 4.3% in the 1st quarter. Redhawk Wealth Advisors Inc. now owns 4,406 shares of the company's stock worth $312,000 after purchasing an additional 182 shares during the last quarter. 78.38% of the stock is owned by institutional investors and hedge funds.

Xcel Energy Stock Up 0.0%

NASDAQ XEL traded up $0.03 during trading on Friday, reaching $67.78. The company's stock had a trading volume of 4,020,518 shares, compared to its average volume of 3,586,698. The company has a current ratio of 0.80, a quick ratio of 0.70 and a debt-to-equity ratio of 1.48. The stock has a market capitalization of $39.09 billion, a PE ratio of 19.94, a PEG ratio of 2.37 and a beta of 0.37. The business has a 50-day moving average price of $69.30 and a 200-day moving average price of $68.58. Xcel Energy Inc. has a 1-year low of $51.97 and a 1-year high of $73.38.

Xcel Energy (NASDAQ:XEL - Get Free Report) last posted its earnings results on Thursday, April 24th. The company reported $0.84 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.95 by ($0.11). The business had revenue of $3.91 billion during the quarter, compared to analyst estimates of $3.93 billion. Xcel Energy had a net margin of 14.10% and a return on equity of 10.20%. Xcel Energy's revenue was up 7.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.88 earnings per share. On average, research analysts forecast that Xcel Energy Inc. will post 3.82 earnings per share for the current fiscal year.

Xcel Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, July 20th. Stockholders of record on Friday, June 13th will be paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 3.36%. The ex-dividend date is Friday, June 13th. Xcel Energy's payout ratio is 67.06%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on XEL. Wall Street Zen downgraded shares of Xcel Energy from a "hold" rating to a "sell" rating in a research report on Tuesday, May 20th. Barclays raised their price target on shares of Xcel Energy from $72.00 to $73.00 and gave the stock an "overweight" rating in a report on Tuesday, April 22nd. Morgan Stanley decreased their price target on shares of Xcel Energy from $78.00 to $77.00 and set an "equal weight" rating for the company in a report on Wednesday, June 18th. BMO Capital Markets raised their price target on shares of Xcel Energy from $69.00 to $73.00 and gave the stock a "market perform" rating in a report on Wednesday, April 23rd. Finally, Evercore ISI raised their price target on shares of Xcel Energy from $74.00 to $77.00 and gave the stock an "outperform" rating in a report on Monday, April 28th. One analyst has rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $75.80.

Xcel Energy 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.