Xcel Energy Inc (XEL) Holdings Boosted by Teacher Retirement System of Texas
Teacher Retirement System of Texas boosted its stake in shares of Xcel Energy Inc (NYSE:XEL) by 1,825.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 381,408 shares of the utilities provider’s stock after purchasing an additional 361,600 shares during the period. Teacher Retirement System of Texas’ holdings in Xcel Energy were worth $18,350,000 at the end of the most recent reporting period.
A number of other large investors also recently bought and sold shares of XEL. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in shares of Xcel Energy by 2.7% in the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 304,812 shares of the utilities provider’s stock worth $14,424,000 after acquiring an additional 8,000 shares in the last quarter. Candriam Luxembourg S.C.A. increased its position in shares of Xcel Energy by 8.1% in the third quarter. Candriam Luxembourg S.C.A. now owns 57,293 shares of the utilities provider’s stock worth $2,711,000 after acquiring an additional 4,315 shares in the last quarter. Norinchukin Bank The increased its position in shares of Xcel Energy by 7.3% in the third quarter. Norinchukin Bank The now owns 37,794 shares of the utilities provider’s stock worth $1,788,000 after acquiring an additional 2,557 shares in the last quarter. Steward Partners Investment Advisory LLC acquired a new stake in shares of Xcel Energy in the third quarter worth $505,000. Finally, Nicolet Bankshares Inc. increased its position in shares of Xcel Energy by 37.6% in the third quarter. Nicolet Bankshares Inc. now owns 9,478 shares of the utilities provider’s stock worth $448,000 after acquiring an additional 2,588 shares in the last quarter. 73.57% of the stock is currently owned by institutional investors.
In related news, EVP Marvin E. Jr. Mcdaniel sold 5,176 shares of the firm’s stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $51.07, for a total transaction of $264,338.32. Following the completion of the sale, the executive vice president now directly owns 81,371 shares of the company’s stock, valued at approximately $4,155,616.97. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.22% of the stock is currently owned by company insiders.
Xcel Energy (NYSE:XEL) last released its quarterly earnings results on Wednesday, February 7th. The utilities provider reported $0.42 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.43 by ($0.01). The firm had revenue of $2.80 billion for the quarter, compared to analyst estimates of $2.84 billion. Xcel Energy had a net margin of 10.40% and a return on equity of 10.63%. Xcel Energy’s revenue for the quarter was up .0% on a year-over-year basis. During the same period in the previous year, the business posted $0.45 earnings per share. equities analysts anticipate that Xcel Energy Inc will post 2.31 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Saturday, January 20th. Investors of record on Thursday, December 28th were issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 3.32%. The ex-dividend date was Wednesday, December 27th. Xcel Energy’s payout ratio is 63.72%.
Several equities research analysts have recently issued reports on XEL shares. SunTrust Banks reissued a “hold” rating and issued a $44.00 price objective on shares of Xcel Energy in a research report on Tuesday, December 26th. Royal Bank of Canada reissued a “hold” rating and issued a $49.00 price objective on shares of Xcel Energy in a research report on Thursday, February 1st. ValuEngine raised shares of Xcel Energy from a “hold” rating to a “buy” rating in a research report on Thursday, November 9th. Bank of America set a $47.00 price objective on shares of Xcel Energy and gave the stock a “buy” rating in a research report on Thursday. Finally, Zacks Investment Research lowered shares of Xcel Energy from a “hold” rating to a “sell” rating in a research report on Tuesday, December 12th. Ten investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. Xcel Energy has an average rating of “Hold” and an average target price of $48.42.
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About Xcel Energy
Xcel Energy Inc is a public utility holding company. The Company’s operations include the activity of four utility subsidiaries that serve electric and natural gas customers in eight states. The Company’s segments include regulated electric utility, regulated natural gas utility and all other. The Company’s utility subsidiaries include NSP-Minnesota, NSP-Wisconsin, Public Service Company of Colorado (PSCo) and Southwestern Public Service Co (SPS), which serve customers in portions of Colorado, Michigan, Minnesota, New Mexico, North Dakota, South Dakota, Texas and Wisconsin.
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