Public Employees Retirement System of Ohio Increases Holdings in Xcel Energy Inc. $XEL

Key Points

• Public Employees Retirement System of Ohio increased its Xcel Energy stake by 6.1% in the second quarter, bringing its holdings to 314,242 shares valued at approximately $25.2 million. Institutional investors collectively own 78.38% of Xcel’s stock.
• Analysts remain broadly bullish, with a consensus “Buy” rating and an average price target of $92.41, compared with the stock’s reported opening price of $76.45.
• Xcel Energy beat quarterly EPS expectations, reporting $0.93 versus the $0.79 consensus, though revenue declined 5.1% year over year. The company also announced a quarterly dividend of $0.5925 per share, representing a 3.1% annualized yield.

Public Employees Retirement System of Ohio boosted its stake in shares of Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 6.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 314,242 shares of the company's stock after buying an additional 18,167 shares during the period. Public Employees Retirement System of Ohio owned 0.05% of Xcel Energy worth $25,234,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in XEL. Bank of New York Mellon Corp purchased a new stake in shares of Xcel Energy during the 2nd quarter valued at approximately $280,187,000. Cbre Investment Management Listed Real Assets LLC grew its position in Xcel Energy by 18.1% in the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 2,324,667 shares of the company's stock worth $171,700,000 after acquiring an additional 356,208 shares during the period. PKO Investment Management Joint Stock Co acquired a new stake in Xcel Energy during the fourth quarter worth $1,477,000. Jupiter Topco LLC acquired a new stake in Xcel Energy during the second quarter worth $94,211,000. Finally, Electron Capital Partners LLC raised its position in Xcel Energy by 15.2% in the fourth quarter. Electron Capital Partners LLC now owns 1,936,695 shares of the company's stock valued at $143,044,000 after purchasing an additional 255,884 shares during the period. 78.38% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

XEL has been the subject of a number of research analyst reports. New Street Research set a $91.00 price target on Xcel Energy in a report on Tuesday, June 23rd. JPMorgan Chase & Co. boosted their price objective on shares of Xcel Energy from $91.00 to $102.00 and gave the company an "overweight" rating in a report on Thursday, July 16th. Jefferies Financial Group set a $101.00 target price on shares of Xcel Energy in a research report on Tuesday, July 7th. Evercore reaffirmed an "outperform" rating and set a $96.00 target price on shares of Xcel Energy in a research note on Monday, May 4th. Finally, Weiss Ratings reiterated a "buy (b-)" rating on shares of Xcel Energy in a research report on Wednesday, June 17th. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $92.41.

Xcel Energy Trading Down 0.9%

Shares of NASDAQ XEL opened at $76.45 on Friday. The company has a current ratio of 0.70, a quick ratio of 0.62 and a debt-to-equity ratio of 1.49. The stock has a market capitalization of $47.75 billion, a PE ratio of 20.95, a PEG ratio of 1.98 and a beta of 0.39. Xcel Energy Inc. has a twelve month low of $71.29 and a twelve month high of $84.23. The stock has a fifty day simple moving average of $79.25 and a 200-day simple moving average of $79.75.

Xcel Energy (NASDAQ:XEL - Get Free Report) last announced its earnings results on Wednesday, July 29th. The company reported $0.93 EPS for the quarter, beating analysts' consensus estimates of $0.79 by $0.14. The company had revenue of $3.12 billion during the quarter, compared to analysts' expectations of $3.54 billion. Xcel Energy had a return on equity of 10.65% and a net margin of 15.28%.Xcel Energy's revenue for the quarter was down 5.1% on a year-over-year basis. During the same period last year, the business posted $1.59 EPS. On average, equities analysts forecast that Xcel Energy Inc. will post 4.12 earnings per share for the current year.

Xcel Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 20th. Investors of record on Tuesday, September 15th will be paid a dividend of $0.5925 per share. This represents a $2.37 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend is Tuesday, September 15th. Xcel Energy's dividend payout ratio is presently 64.93%.

Xcel Energy Company Profile

Xcel Energy NASDAQ: XEL is a Minneapolis-based, publicly traded utility holding company that develops, owns and operates regulated electricity and natural gas delivery systems. The company's core activities include generation, transmission and distribution of electricity, the delivery of natural gas to customers, and related customer service operations. Xcel provides a mix of utility services to residential, commercial and industrial customers and participates in wholesale energy markets where appropriate.

Its generation portfolio combines nuclear, natural gas, coal and a growing share of renewable resources such as wind and solar.

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