New York State Teachers Retirement System Reduces Stock Position in Xcel Energy Inc. (NASDAQ:XEL)

New York State Teachers Retirement System reduced its position in shares of Xcel Energy Inc. (NASDAQ:XEL) by 5.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 494,060 shares of the company’s stock after selling 30,660 shares during the period. New York State Teachers Retirement System owned 0.09% of Xcel Energy worth $32,262,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Fidelis Capital Partners LLC purchased a new stake in shares of Xcel Energy during the third quarter worth about $212,000. Fortitude Family Office LLC raised its stake in Xcel Energy by 497.1% in the third quarter. Fortitude Family Office LLC now owns 1,015 shares of the company’s stock worth $66,000 after buying an additional 845 shares in the last quarter. China Universal Asset Management Co. Ltd. raised its stake in Xcel Energy by 111.6% in the third quarter. China Universal Asset Management Co. Ltd. now owns 7,071 shares of the company’s stock worth $465,000 after buying an additional 3,730 shares in the last quarter. abrdn plc raised its stake in Xcel Energy by 23.0% in the third quarter. abrdn plc now owns 180,593 shares of the company’s stock worth $11,756,000 after buying an additional 33,752 shares in the last quarter. Finally, Pallas Capital Advisors LLC raised its stake in Xcel Energy by 56.7% in the third quarter. Pallas Capital Advisors LLC now owns 27,986 shares of the company’s stock worth $1,822,000 after buying an additional 10,123 shares in the last quarter. 78.38% of the stock is currently owned by hedge funds and other institutional investors.

Xcel Energy Trading Up 6.0 %

NASDAQ:XEL opened at $66.81 on Friday. The company’s 50 day moving average price is $63.48 and its 200-day moving average price is $58.16. Xcel Energy Inc. has a 52 week low of $46.79 and a 52 week high of $67.73. The company has a quick ratio of 0.86, a current ratio of 0.97 and a debt-to-equity ratio of 1.54. The stock has a market cap of $37.25 billion, a price-to-earnings ratio of 19.94, a PEG ratio of 2.83 and a beta of 0.39.

Xcel Energy (NASDAQ:XEL) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.54 EPS for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.03). Xcel Energy had a net margin of 13.46% and a return on equity of 10.94%. The firm had revenue of $3.03 billion for the quarter, compared to analysts’ expectations of $3.29 billion. During the same quarter in the previous year, the company earned $0.52 EPS. The company’s quarterly revenue was up .2% compared to the same quarter last year. On average, equities research analysts forecast that Xcel Energy Inc. will post 3.56 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

XEL has been the subject of a number of research reports. Barclays increased their price target on shares of Xcel Energy from $57.00 to $67.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. Argus raised shares of Xcel Energy from a “hold” rating to a “buy” rating and set a $68.00 price target for the company in a research note on Monday, August 26th. Wells Fargo & Company increased their price target on shares of Xcel Energy from $63.00 to $66.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 16th. KeyCorp increased their price target on shares of Xcel Energy from $66.00 to $69.00 and gave the stock an “overweight” rating in a research note on Monday, September 30th. Finally, Jefferies Financial Group initiated coverage on shares of Xcel Energy in a research note on Thursday, September 19th. They set a “hold” rating and a $70.00 target price for the company. Eight research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $65.54.

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.