Kentucky Retirement Systems Insurance Trust Fund Buys 1,117 Shares of Xcel Energy Inc. (NASDAQ:XEL)

Kentucky Retirement Systems Insurance Trust Fund grew its stake in Xcel Energy Inc. (NASDAQ:XEL) by 6.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,623 shares of the company’s stock after acquiring an additional 1,117 shares during the period. Kentucky Retirement Systems Insurance Trust Fund’s holdings in Xcel Energy were worth $1,190,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. State Street Corp raised its stake in shares of Xcel Energy by 6.7% in the third quarter. State Street Corp now owns 37,143,025 shares of the company’s stock worth $2,445,477,000 after acquiring an additional 2,323,448 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of Xcel Energy by 6.2% in the third quarter. Massachusetts Financial Services Co. MA now owns 15,190,756 shares of the company’s stock worth $991,956,000 after acquiring an additional 892,740 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Xcel Energy by 1.8% in the third quarter. Geode Capital Management LLC now owns 14,562,103 shares of the company’s stock worth $952,091,000 after acquiring an additional 262,191 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Xcel Energy by 2.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,417,615 shares of the company’s stock worth $223,170,000 after buying an additional 67,820 shares during the last quarter. Finally, Brookfield Corp ON raised its stake in shares of Xcel Energy by 520.1% during the third quarter. Brookfield Corp ON now owns 2,509,031 shares of the company’s stock worth $163,840,000 after buying an additional 2,104,405 shares during the last quarter. 78.38% of the stock is owned by institutional investors.

Xcel Energy Trading Down 0.1 %

Shares of NASDAQ:XEL opened at $68.54 on Wednesday. Xcel Energy Inc. has a 12 month low of $46.79 and a 12 month high of $73.38. The company has a quick ratio of 0.82, a current ratio of 0.93 and a debt-to-equity ratio of 1.42. The company’s fifty day simple moving average is $67.03 and its 200 day simple moving average is $65.49. The firm has a market cap of $39.36 billion, a price-to-earnings ratio of 19.92, a PEG ratio of 2.59 and a beta of 0.43.

Xcel Energy (NASDAQ:XEL) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.81 EPS for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.06). Xcel Energy had a return on equity of 10.65% and a net margin of 14.40%. As a group, research analysts forecast that Xcel Energy Inc. will post 3.82 EPS for the current fiscal year.

Xcel Energy Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 29th. Stockholders of record on Monday, January 6th were given a $0.5475 dividend. This represents a $2.19 dividend on an annualized basis and a dividend yield of 3.20%. The ex-dividend date of this dividend was Monday, January 6th. Xcel Energy’s dividend payout ratio (DPR) is presently 63.66%.

Analysts Set New Price Targets

A number of research firms recently weighed in on XEL. Wells Fargo & Company boosted their price target on shares of Xcel Energy from $72.00 to $75.00 and gave the stock an “overweight” rating in a research note on Friday, February 7th. KeyCorp boosted their price target on shares of Xcel Energy from $74.00 to $79.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 4th. JPMorgan Chase & Co. raised shares of Xcel Energy from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $69.00 to $80.00 in a research note on Thursday, December 12th. Barclays dropped their price target on shares of Xcel Energy from $71.00 to $69.00 and set an “overweight” rating for the company in a research note on Wednesday, January 22nd. Finally, Morgan Stanley dropped their price target on shares of Xcel Energy from $74.00 to $72.00 and set an “equal weight” rating for the company in a research note on Friday, November 22nd. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, Xcel Energy has an average rating of “Moderate Buy” and a consensus price target of $69.91.

Xcel Energy 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.