State of Alaska Department of Revenue Has $5.43 Million Holdings in Xcel Energy Inc. (NASDAQ:XEL)

State of Alaska Department of Revenue decreased its stake in shares of Xcel Energy Inc. (NASDAQ:XEL) by 11.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 101,005 shares of the company’s stock after selling 12,910 shares during the period. State of Alaska Department of Revenue’s holdings in Xcel Energy were worth $5,428,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. increased its holdings in Xcel Energy by 15.6% during the 3rd quarter. Vanguard Group Inc. now owns 64,062,856 shares of the company’s stock worth $3,665,677,000 after purchasing an additional 8,644,054 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of Xcel Energy by 7.9% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 19,994,298 shares of the company’s stock worth $1,237,847,000 after buying an additional 1,472,435 shares in the last quarter. Victory Capital Management Inc. raised its position in Xcel Energy by 3.5% in the 4th quarter. Victory Capital Management Inc. now owns 7,766,048 shares of the company’s stock valued at $480,796,000 after buying an additional 261,426 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Xcel Energy by 3.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,171,463 shares of the company’s stock valued at $196,345,000 after acquiring an additional 106,218 shares in the last quarter. Finally, Nordea Investment Management AB lifted its stake in Xcel Energy by 3.0% in the 4th quarter. Nordea Investment Management AB now owns 2,954,907 shares of the company’s stock valued at $182,643,000 after acquiring an additional 86,696 shares in the last quarter. 78.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently issued reports on XEL shares. KeyCorp lowered their price objective on shares of Xcel Energy from $68.00 to $65.00 and set an “overweight” rating on the stock in a report on Friday, April 19th. TheStreet cut shares of Xcel Energy from a “b-” rating to a “c+” rating in a research report on Thursday, March 14th. JPMorgan Chase & Co. decreased their price objective on Xcel Energy from $68.00 to $59.00 and set a “neutral” rating for the company in a report on Wednesday, March 13th. Barclays upped their target price on Xcel Energy from $56.00 to $57.00 and gave the stock an “overweight” rating in a report on Tuesday, April 30th. Finally, StockNews.com upgraded Xcel Energy from a “sell” rating to a “hold” rating in a research note on Thursday, May 2nd. Six research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, Xcel Energy presently has an average rating of “Moderate Buy” and a consensus target price of $62.00.

Xcel Energy Trading Down 0.8 %

XEL stock opened at $52.75 on Thursday. Xcel Energy Inc. has a one year low of $46.79 and a one year high of $65.62. The stock has a market cap of $29.31 billion, a price-to-earnings ratio of 15.84, a price-to-earnings-growth ratio of 2.34 and a beta of 0.37. The company has a fifty day moving average price of $54.44 and a two-hundred day moving average price of $56.16. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.86 and a quick ratio of 0.74.

Xcel Energy (NASDAQ:XEL) last announced its earnings results on Thursday, April 25th. The company reported $0.88 EPS for the quarter, topping the consensus estimate of $0.80 by $0.08. Xcel Energy had a net margin of 13.36% and a return on equity of 11.03%. The business had revenue of $3.65 billion during the quarter, compared to the consensus estimate of $4.12 billion. During the same quarter in the previous year, the firm posted $0.76 EPS. Xcel Energy’s revenue was down 10.6% compared to the same quarter last year. Equities analysts anticipate that Xcel Energy Inc. will post 3.56 EPS for the current year.

Xcel Energy Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Saturday, July 20th. Stockholders of record on Friday, June 14th will be paid a dividend of $0.5475 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $2.19 dividend on an annualized basis and a dividend yield of 4.15%. Xcel Energy’s dividend payout ratio (DPR) is currently 65.77%.

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.