State of New Jersey Common Pension Fund D Sells 8,330 Shares of Xcel Energy Inc. $XEL

Key Points

• The State of New Jersey Common Pension Fund D has reduced its holdings in Xcel Energy Inc. by 4.2%, selling 8,330 shares, leaving it with 191,234 shares valued at approximately $13.54 million.
• Xcel Energy reported a quarterly EPS of $0.75, beating analyst expectations, with revenue showing an 8.6% year-over-year increase.
• The company announced a quarterly dividend of $0.57 per share, representing a yield of 3.2%, to be paid out to shareholders of record.

State of New Jersey Common Pension Fund D lowered its position in Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 4.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 191,234 shares of the company's stock after selling 8,330 shares during the quarter. State of New Jersey Common Pension Fund D's holdings in Xcel Energy were worth $13,537,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in XEL. Conning Inc. boosted its position in shares of Xcel Energy by 4.1% during the 1st quarter. Conning Inc. now owns 4,400 shares of the company's stock valued at $311,000 after acquiring an additional 172 shares during the last quarter. Redhawk Wealth Advisors Inc. raised its stake in Xcel Energy by 4.3% in the first quarter. Redhawk Wealth Advisors Inc. now owns 4,406 shares of the company's stock valued at $312,000 after purchasing an additional 182 shares in the last quarter. Benjamin Edwards Inc. raised its stake in Xcel Energy by 1.1% in the fourth quarter. Benjamin Edwards Inc. now owns 16,605 shares of the company's stock valued at $1,121,000 after purchasing an additional 183 shares in the last quarter. First Horizon Advisors Inc. lifted its position in Xcel Energy by 3.1% during the first quarter. First Horizon Advisors Inc. now owns 5,998 shares of the company's stock valued at $425,000 after purchasing an additional 183 shares during the last quarter. Finally, First National Advisers LLC grew its stake in Xcel Energy by 0.5% in the 1st quarter. First National Advisers LLC now owns 33,930 shares of the company's stock worth $2,401,000 after buying an additional 183 shares in the last quarter. Institutional investors own 78.38% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Morgan Stanley lowered their price objective 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. Barclays raised their price target on Xcel Energy from $72.00 to $73.00 and gave the company an "overweight" rating in a research report on Tuesday, April 22nd. Wall Street Zen lowered Xcel Energy from a "hold" rating to a "sell" rating in a research note on Tuesday, May 20th. Mizuho increased their price objective on Xcel Energy from $74.00 to $78.00 and gave the company an "outperform" rating in a research report on Friday, August 1st. Finally, BMO Capital Markets raised their price target on Xcel Energy from $69.00 to $73.00 and gave the stock a "market perform" rating in a research report on Wednesday, April 23rd. Eight research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $76.00.

Xcel Energy Price Performance

Shares of NASDAQ XEL traded up $1.01 during mid-day trading on Tuesday, reaching $73.22. The company's stock had a trading volume of 4,001,512 shares, compared to its average volume of 3,698,267. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.96 and a quick ratio of 0.85. Xcel Energy Inc. has a 52 week low of $59.60 and a 52 week high of $74.57. The stock has a fifty day moving average of $70.09 and a two-hundred day moving average of $69.68. The firm has a market capitalization of $43.30 billion, a PE ratio of 20.28, a P/E/G ratio of 2.43 and a beta of 0.34.

Xcel Energy (NASDAQ:XEL - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.75 EPS for the quarter, topping analysts' consensus estimates of $0.66 by $0.09. Xcel Energy had a return on equity of 10.52% and a net margin of 14.85%.The company had revenue of $3.29 billion for the quarter, compared to analysts' expectations of $3.31 billion. During the same period in the previous year, the firm earned $0.54 EPS. The firm's revenue was up 8.6% compared to the same quarter last year. Xcel Energy has set its FY 2025 guidance at 3.750-3.850 EPS. As a group, sell-side analysts anticipate that Xcel Energy Inc. will post 3.82 EPS for the current fiscal year.

Xcel Energy Announces Dividend

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

Xcel Energy Company 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.