New York State Teachers Retirement System Sells 21,009 Shares of Xcel Energy Inc. (NASDAQ:XEL)

New York State Teachers Retirement System lowered its stake in Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 4.8% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor 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 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of XEL. Bank of America Corp DE lifted 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 worth $1,401,901,000 after purchasing an additional 6,306,380 shares in the last quarter. FMR LLC lifted its stake in Xcel Energy by 118.3% in the 4th quarter. FMR LLC now owns 6,608,044 shares of the company's stock worth $446,175,000 after purchasing an additional 3,581,436 shares in the last quarter. Zimmer Partners LP lifted its stake in Xcel Energy by 1,625.7% in the 4th quarter. Zimmer Partners LP now owns 3,667,200 shares of the company's stock worth $247,609,000 after purchasing an additional 3,454,700 shares in the last quarter. Pictet Asset Management Holding SA increased its holdings in shares of Xcel Energy by 236.7% in the 4th quarter. Pictet Asset Management Holding SA now owns 4,878,279 shares of the company's stock worth $329,381,000 after buying an additional 3,429,353 shares during the last quarter. Finally, Janus Henderson Group PLC increased its holdings in shares of Xcel Energy by 379.3% in the 4th quarter. Janus Henderson Group PLC now owns 4,022,085 shares of the company's stock worth $271,578,000 after buying an additional 3,182,939 shares during the last quarter. Hedge funds and other institutional investors own 78.38% of the company's stock.

Xcel Energy Trading Up 1.0%

NASDAQ:XEL traded up $0.70 during mid-day trading on Friday, hitting $68.26. 2,236,072 shares of the stock traded hands, compared to its average volume of 3,608,563. The stock has a market capitalization of $39.37 billion, a price-to-earnings ratio of 20.08, a PEG ratio of 2.38 and a beta of 0.36. Xcel Energy Inc. has a 52 week low of $51.97 and a 52 week high of $73.38. The firm's 50 day moving average is $69.09 and its two-hundred day moving average is $68.59. The company has a quick ratio of 0.70, a current ratio of 0.80 and a debt-to-equity ratio of 1.48.

Xcel Energy (NASDAQ:XEL - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The company reported $0.84 EPS for the quarter, missing the consensus estimate of $0.95 by ($0.11). The firm 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 business's revenue for the quarter was up 7.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.88 earnings per share. On average, equities research analysts predict that Xcel Energy Inc. will post 3.82 earnings per share for the current year.

Xcel Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Sunday, July 20th. Shareholders of record on Friday, June 13th will be paid a $0.57 dividend. The ex-dividend date is Friday, June 13th. This represents a $2.28 dividend on an annualized basis and a yield of 3.34%. Xcel Energy's dividend payout ratio is currently 67.06%.

Analysts Set New Price Targets

XEL has been the topic of a number of research reports. Morgan Stanley reduced their target price on shares of Xcel Energy from $78.00 to $77.00 and set an "equal weight" rating on the stock in a 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 report on Friday, April 25th. UBS Group boosted their target price on shares of Xcel Energy from $73.00 to $77.00 and gave the stock a "neutral" rating in a report on Tuesday, April 1st. BMO Capital Markets boosted their target price 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 boosted their target price 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 investment analyst has rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $75.80.

About Xcel Energy

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.