Arizona State Retirement System cut its position in shares of Xcel Energy Inc. (NYSE:XEL) by 6.0% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 276,079 shares of the utilities provider’s stock after selling 17,600 shares during the period. Arizona State Retirement System’s holdings in Xcel Energy were worth $12,667,000 as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in XEL. Carroll Financial Associates Inc. raised its position in Xcel Energy by 14.5% in the second quarter. Carroll Financial Associates Inc. now owns 2,365 shares of the utilities provider’s stock worth $108,000 after buying an additional 300 shares during the last quarter. Founders Capital Management bought a new position in Xcel Energy during the first quarter worth $124,000. Reilly Financial Advisors LLC raised its position in Xcel Energy by 5.8% in the first quarter. Reilly Financial Advisors LLC now owns 2,901 shares of the utilities provider’s stock worth $129,000 after buying an additional 160 shares during the last quarter. Sharkey Howes & Javer raised its position in Xcel Energy by 0.5% in the first quarter. Sharkey Howes & Javer now owns 2,994 shares of the utilities provider’s stock worth $133,000 after buying an additional 16 shares during the last quarter. Finally, Independent Portfolio Consultants Inc. raised its position in Xcel Energy by 89.9% in the second quarter. Independent Portfolio Consultants Inc. now owns 3,134 shares of the utilities provider’s stock worth $144,000 after buying an additional 1,484 shares during the last quarter. Institutional investors and hedge funds own 72.03% of the company’s stock.

Xcel Energy Inc. (XEL) opened at 48.64 on Friday. Xcel Energy Inc. has a one year low of $38.00 and a one year high of $48.72. The stock has a market cap of $24.70 billion, a price-to-earnings ratio of 21.47 and a beta of 0.19. The stock’s 50 day moving average price is $46.85 and its 200 day moving average price is $45.07.

Xcel Energy (NYSE:XEL) last issued its earnings results on Thursday, July 27th. The utilities provider reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.02. The company had revenue of $2.64 billion for the quarter, compared to the consensus estimate of $2.63 billion. Xcel Energy had a return on equity of 10.42% and a net margin of 10.08%. The firm’s quarterly revenue was up 5.8% on a year-over-year basis. During the same quarter last year, the company earned $0.39 EPS. Equities analysts predict that Xcel Energy Inc. will post $2.20 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 20th. Investors of record on Thursday, June 15th were paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 2.96%. The ex-dividend date of this dividend was Tuesday, June 13th. Xcel Energy’s dividend payout ratio (DPR) is presently 63.44%.

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A number of research analysts have weighed in on the company. Morgan Stanley lifted their target price on Xcel Energy from $45.00 to $46.00 and gave the company an “equal weight” rating in a report on Thursday. Zacks Investment Research raised Xcel Energy from a “hold” rating to a “buy” rating and set a $53.00 target price for the company in a report on Thursday, June 22nd. Jefferies Group LLC reaffirmed a “hold” rating and set a $48.00 target price on shares of Xcel Energy in a report on Friday, June 9th. BidaskClub raised Xcel Energy from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. Finally, BMO Capital Markets lifted their target price on Xcel Energy from $46.00 to $47.00 and gave the company a “market perform” rating in a report on Friday, July 28th. Ten analysts have rated the stock with a hold rating and three have given a buy rating to the company. Xcel Energy presently has an average rating of “Hold” and an average price target of $46.67.

In related news, EVP Kent T. Larson sold 10,000 shares of Xcel Energy stock in a transaction that occurred on Friday, July 28th. The stock was sold at an average price of $47.25, for a total transaction of $472,500.00. Following the sale, the executive vice president now owns 80,221 shares of the company’s stock, valued at approximately $3,790,442.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.22% of the stock is currently owned by company insiders.

Xcel Energy Company 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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Institutional Ownership by Quarter for Xcel Energy (NYSE:XEL)

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