Teacher Retirement System of Texas Purchases 78,729 Shares of Xcel Energy Inc. (NASDAQ:XEL)

Teacher Retirement System of Texas boosted its stake in Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 1,508.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 83,947 shares of the company's stock after acquiring an additional 78,729 shares during the period. Teacher Retirement System of Texas' holdings in Xcel Energy were worth $5,943,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in XEL. Brighton Jones LLC bought a new stake in shares of Xcel Energy during the 4th quarter valued at $240,000. Jones Financial Companies Lllp boosted its holdings in shares of Xcel Energy by 35.8% during the 4th quarter. Jones Financial Companies Lllp now owns 14,825 shares of the company's stock valued at $1,001,000 after buying an additional 3,905 shares in the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of Xcel Energy during the 4th quarter valued at $76,000. Steward Partners Investment Advisory LLC boosted its holdings in shares of Xcel Energy by 8.6% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 16,778 shares of the company's stock valued at $1,133,000 after buying an additional 1,329 shares in the last quarter. Finally, Proficio Capital Partners LLC bought a new stake in shares of Xcel Energy during the 4th quarter valued at $5,831,000. Institutional investors own 78.38% of the company's stock.

Xcel Energy Stock Performance

XEL traded down $0.31 during midday trading on Monday, hitting $67.88. 2,192,827 shares of the company traded hands, compared to its average volume of 3,602,900. 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 capitalization of $39.15 billion, a PE ratio of 19.96, a price-to-earnings-growth ratio of 2.38 and a beta of 0.36. The company's 50-day moving average is $69.09 and its 200 day moving average is $68.61. Xcel Energy Inc. has a 52 week low of $51.97 and a 52 week high of $73.38.

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

Xcel Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, July 20th. Stockholders of record on Friday, June 13th will be paid a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 3.36%. The ex-dividend date of this dividend is Friday, June 13th. Xcel Energy's dividend payout ratio (DPR) is presently 67.06%.

Analyst Upgrades and Downgrades

XEL has been the topic of a number of research reports. Morgan Stanley dropped 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. Evercore ISI boosted their target price on shares of Xcel Energy from $74.00 to $77.00 and gave the company an "outperform" rating in a report on Monday, April 28th. UBS Group boosted their target price on shares of Xcel Energy from $73.00 to $77.00 and gave the company a "neutral" rating in a report on Tuesday, April 1st. Wall Street Zen lowered Xcel Energy from a "hold" rating to a "sell" rating in a research report on Tuesday, May 20th. Finally, Wells Fargo & Company set a $78.00 price target on Xcel Energy and gave the stock an "overweight" rating in a research report on Friday, April 25th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average 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.