New York State Teachers Retirement System Lowers Position in Xcel Energy Inc. (NASDAQ:XEL)

New York State Teachers Retirement System reduced its position in Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 4.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 415,222 shares of the company's stock after selling 21,009 shares during the quarter. New York State Teachers Retirement System owned about 0.07% of Xcel Energy worth $29,394,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of XEL. Creative Financial Designs Inc. ADV increased its holdings 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 position in Xcel Energy by 1.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 9,242 shares of the company's stock worth $624,000 after acquiring an additional 160 shares in the last quarter. Personal CFO Solutions LLC increased its stake in Xcel Energy by 2.8% in the fourth quarter. Personal CFO Solutions LLC now owns 5,934 shares of the company's stock valued at $401,000 after acquiring an additional 163 shares during the last quarter. RWA Wealth Partners LLC raised its position in Xcel Energy by 3.5% during the fourth quarter. RWA Wealth Partners LLC now owns 5,155 shares of the company's stock valued at $348,000 after purchasing an additional 176 shares in the last quarter. Finally, Redhawk Wealth Advisors Inc. lifted its stake in Xcel Energy by 4.3% during the first 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. Hedge funds and other institutional investors own 78.38% of the company's stock.

Xcel Energy Trading Down 1.7%

Shares of Xcel Energy stock traded down $1.15 during trading on Wednesday, reaching $67.56. 3,031,424 shares of the stock were exchanged, compared to its average volume of 3,592,784. The company has a quick ratio of 0.70, a current ratio of 0.80 and a debt-to-equity ratio of 1.48. The firm has a market cap of $38.97 billion, a price-to-earnings ratio of 19.87, a price-to-earnings-growth ratio of 2.38 and a beta of 0.36. Xcel Energy Inc. has a 1 year low of $51.97 and a 1 year high of $73.38. The stock's fifty day moving average is $69.23 and its 200 day moving average is $68.58.

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

Xcel Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Sunday, July 20th. Investors 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 yield of 3.37%. The ex-dividend date is Friday, June 13th. Xcel Energy's payout ratio is 67.06%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on XEL shares. Morgan Stanley reduced their price objective on Xcel Energy from $78.00 to $77.00 and set an "equal weight" rating on the stock in a research report on Wednesday, June 18th. Wells Fargo & Company set a $78.00 target price on shares of Xcel Energy and gave the stock an "overweight" rating in a research report on Friday, April 25th. BMO Capital Markets boosted their price target on shares of Xcel Energy from $69.00 to $73.00 and gave the stock a "market perform" rating in a research note on Wednesday, April 23rd. Evercore ISI raised their price objective on Xcel Energy from $74.00 to $77.00 and gave the company an "outperform" rating in a research note on Monday, April 28th. Finally, Barclays boosted their target price on Xcel Energy from $72.00 to $73.00 and gave the company an "overweight" rating in a research note on Tuesday, April 22nd. One 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. According to MarketBeat, the company currently 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.