Ontario Teachers Pension Plan Board Has $708,000 Position in Xcel Energy Inc. (NASDAQ:XEL)

Key Points

• The Ontario Teachers Pension Plan Board reduced its stake in Xcel Energy by 64.5%, selling 18,134 shares and holding 9,999 shares valued at approximately $708,000.
• Several institutional investors, including Accent Capital Management and BankPlus Trust Department, have initiated positions in Xcel Energy, contributing to institutional ownership of 78.38%.
• Xcel Energy reported a $0.75 EPS for the latest quarter, exceeding estimates, while also announcing a quarterly dividend of $0.57 per share, equating to a 3.1% yield.

Ontario Teachers Pension Plan Board cut its holdings in shares of Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 64.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,999 shares of the company's stock after selling 18,134 shares during the period. Ontario Teachers Pension Plan Board's holdings in Xcel Energy were worth $708,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bank of America Corp DE increased its position in shares of Xcel Energy by 43.6% during 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 during the last quarter. Zimmer Partners LP lifted its stake in shares of Xcel Energy by 1,625.7% during the 4th quarter. Zimmer Partners LP now owns 3,667,200 shares of the company's stock worth $247,609,000 after buying an additional 3,454,700 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in shares of Xcel Energy by 379.3% during 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 period. Point72 Asset Management L.P. grew its stake in Xcel Energy by 187.0% in the 4th quarter. Point72 Asset Management L.P. now owns 1,829,425 shares of the company's stock valued at $123,523,000 after buying an additional 1,192,049 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in Xcel Energy by 6,594.9% in the 1st quarter. GAMMA Investing LLC now owns 1,167,398 shares of the company's stock valued at $82,640,000 after acquiring an additional 1,149,961 shares during the period. 78.38% of the stock is owned by institutional investors and hedge funds.

Xcel Energy Trading Down 0.4%

XEL traded down $0.29 during trading on Tuesday, reaching $72.39. 3,136,922 shares of the stock traded hands, compared to its average volume of 3,643,536. The company has a quick ratio of 0.85, a current ratio of 0.96 and a debt-to-equity ratio of 1.48. The stock's 50-day moving average is $69.63 and its 200 day moving average is $69.46. Xcel Energy Inc. has a 12 month low of $58.31 and a 12 month high of $74.57. The stock has a market capitalization of $42.81 billion, a PE ratio of 20.05, a P/E/G ratio of 2.47 and a beta of 0.34.

Xcel Energy (NASDAQ:XEL - Get Free Report) last announced its earnings results on Thursday, July 31st. The company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.66 by $0.09. The company had revenue of $3.29 billion for the quarter, compared to analyst estimates of $3.31 billion. Xcel Energy had a return on equity of 10.52% and a net margin of 14.85%. The firm's revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.54 EPS. Equities analysts anticipate that Xcel Energy Inc. will post 3.82 earnings per share for the current year.

Xcel Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 20th. Investors of record on Monday, September 15th will be given a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend is Monday, September 15th. Xcel Energy's payout ratio is presently 63.16%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on XEL shares. Mizuho boosted their price objective on Xcel Energy from $74.00 to $78.00 and gave the stock an "outperform" rating in a report on Friday, August 1st. Evercore ISI upped their price objective on shares of Xcel Energy from $74.00 to $77.00 and gave the stock an "outperform" rating in a research report on Monday, April 28th. 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. Morgan Stanley cut 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 research report on Wednesday, June 18th. Finally, Barclays upped 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. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $76.00.

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.