California State Teachers Retirement System cut its position in Xcel Energy Inc. (NYSE:XEL) by 7.9% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 864,241 shares of the utilities provider’s stock after selling 74,332 shares during the quarter. California State Teachers Retirement System owned approximately 0.17% of Xcel Energy worth $40,896,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in XEL. BB&T Investment Services Inc. increased its holdings in shares of Xcel Energy by 73.3% during the third quarter. BB&T Investment Services Inc. now owns 2,730 shares of the utilities provider’s stock valued at $145,000 after acquiring an additional 1,155 shares in the last quarter. Stifel Financial Corp increased its holdings in shares of Xcel Energy by 2.2% during the third quarter. Stifel Financial Corp now owns 82,000 shares of the utilities provider’s stock valued at $3,886,000 after acquiring an additional 1,775 shares in the last quarter. Commerzbank Aktiengesellschaft FI increased its holdings in shares of Xcel Energy by 3.0% during the third quarter. Commerzbank Aktiengesellschaft FI now owns 107,522 shares of the utilities provider’s stock valued at $5,088,000 after acquiring an additional 3,158 shares in the last quarter. BB&T Securities LLC acquired a new position in shares of Xcel Energy during the third quarter valued at about $206,000. Finally, Associated Banc Corp increased its holdings in shares of Xcel Energy by 0.5% during the third quarter. Associated Banc Corp now owns 311,122 shares of the utilities provider’s stock valued at $14,722,000 after acquiring an additional 1,546 shares in the last quarter. Institutional investors and hedge funds own 73.41% of the company’s stock.
Shares of Xcel Energy Inc. (NYSE:XEL) traded up $0.39 during trading hours on Friday, reaching $50.78. 4,461,095 shares of the company traded hands, compared to its average volume of 2,492,761. Xcel Energy Inc. has a one year low of $40.04 and a one year high of $52.22. The company has a current ratio of 0.87, a quick ratio of 0.68 and a debt-to-equity ratio of 1.27. The firm has a market cap of $25,586.17, a P/E ratio of 21.53, a PEG ratio of 4.00 and a beta of 0.21.
The firm also recently declared a quarterly dividend, which will be paid on Saturday, January 20th. Investors of record on Thursday, December 28th will be issued a $0.36 dividend. The ex-dividend date is Wednesday, December 27th. This represents a $1.44 annualized dividend and a yield of 2.84%. Xcel Energy’s dividend payout ratio (DPR) is presently 61.54%.
In related news, Director Timothy V. Wolf sold 3,000 shares of the stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $49.48, for a total value of $148,440.00. Following the transaction, the director now owns 3,700 shares in the company, valued at approximately $183,076. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Marvin E. Jr. Mcdaniel sold 5,176 shares of the company’s stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $51.07, for a total value of $264,338.32. Following the completion of the sale, the executive vice president now owns 81,371 shares in the company, valued at approximately $4,155,616.97. The disclosure for this sale can be found here. In the last quarter, insiders sold 28,363 shares of company stock worth $1,415,265. 0.22% of the stock is owned by corporate insiders.
Several research firms have recently issued reports on XEL. SunTrust Banks restated a “hold” rating and set a $47.00 price objective on shares of Xcel Energy in a report on Tuesday, October 24th. Morgan Stanley upped their price objective on shares of Xcel Energy from $46.00 to $48.00 and gave the company an “equal weight” rating in a report on Friday, September 8th. J P Morgan Chase & Co upped their price objective on shares of Xcel Energy from $51.00 to $53.00 and gave the company an “overweight” rating in a report on Thursday, October 12th. BidaskClub upgraded shares of Xcel Energy from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 23rd. Finally, Zacks Investment Research downgraded shares of Xcel Energy from a “hold” rating to a “sell” rating in a report on Tuesday, September 26th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $49.45.
Xcel Energy Profile
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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