Teachers Retirement System of The State of Kentucky Has $2.93 Million Holdings in Xcel Energy Inc. (NASDAQ:XEL)

Teachers Retirement System of The State of Kentucky reduced its position in Xcel Energy Inc. (NASDAQ:XEL) by 3.8% during the 4th quarter, HoldingsChannel.com reports. The firm owned 47,308 shares of the company’s stock after selling 1,845 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Xcel Energy were worth $2,929,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Turtle Creek Wealth Advisors LLC bought a new stake in shares of Xcel Energy during the 4th quarter worth about $25,000. Criterion Capital Advisors LLC bought a new stake in shares of Xcel Energy during the 4th quarter worth about $25,000. Pacific Capital Wealth Advisors Inc. bought a new stake in shares of Xcel Energy during the 4th quarter worth about $25,000. Heritage Wealth Advisors bought a new stake in shares of Xcel Energy during the 4th quarter worth about $25,000. Finally, Capital Analysts LLC boosted its stake in shares of Xcel Energy by 293.6% during the 4th quarter. Capital Analysts LLC now owns 433 shares of the company’s stock worth $26,000 after acquiring an additional 323 shares in the last quarter. 78.38% of the stock is owned by institutional investors and hedge funds.

Xcel Energy Price Performance

Shares of NASDAQ:XEL opened at $53.12 on Thursday. Xcel Energy Inc. has a 1-year low of $46.79 and a 1-year high of $65.62. The firm has a market capitalization of $29.52 billion, a PE ratio of 15.95, a PEG ratio of 2.34 and a beta of 0.38. The business’s 50 day moving average is $54.55 and its 200-day moving average is $56.74. The company has a current ratio of 0.86, a quick ratio of 0.74 and a debt-to-equity ratio of 1.48.

Xcel Energy (NASDAQ:XEL) last announced its quarterly earnings data on Thursday, April 25th. The company reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.08. The company had revenue of $3.65 billion for the quarter, compared to analyst estimates of $4.12 billion. Xcel Energy had a return on equity of 11.03% and a net margin of 13.36%. Xcel Energy’s revenue for the quarter was down 10.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.76 EPS. Sell-side analysts predict that Xcel Energy Inc. will post 3.56 earnings per share for the current year.

Xcel Energy Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Saturday, July 20th. Investors of record on Friday, June 14th will be given a dividend of $0.5475 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $2.19 annualized dividend and a dividend yield of 4.12%. Xcel Energy’s dividend payout ratio (DPR) is presently 65.77%.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. JPMorgan Chase & Co. decreased their target price on Xcel Energy from $68.00 to $59.00 and set a “neutral” rating for the company in a research note on Wednesday, March 13th. StockNews.com upgraded Xcel Energy from a “sell” rating to a “hold” rating in a research note on Thursday, May 2nd. Wolfe Research upgraded Xcel Energy from a “peer perform” rating to an “outperform” rating and set a $58.00 target price for the company in a research note on Monday, March 11th. Bank of America increased their target price on Xcel Energy from $63.00 to $66.00 and gave the company a “buy” rating in a research note on Monday, April 29th. Finally, Evercore ISI increased their target price on Xcel Energy from $54.00 to $59.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. Six analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $62.27.

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.