State of New Jersey Common Pension Fund D Buys 12,302 Shares of Xcel Energy Inc. $XEL

State of New Jersey Common Pension Fund D raised its stake in shares of Xcel Energy Inc. (NASDAQ:XEL) by 6.4% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 205,508 shares of the company’s stock after purchasing an additional 12,302 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Xcel Energy were worth $16,574,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Balyasny Asset Management L.P. raised its stake in Xcel Energy by 2,324.9% in the second quarter. Balyasny Asset Management L.P. now owns 1,716,351 shares of the company’s stock worth $116,884,000 after buying an additional 1,645,571 shares in the last quarter. VCI Wealth Management LLC purchased a new position in shares of Xcel Energy during the 3rd quarter worth approximately $1,176,000. Apollon Wealth Management LLC grew its holdings in shares of Xcel Energy by 94.0% during the 3rd quarter. Apollon Wealth Management LLC now owns 31,131 shares of the company’s stock worth $2,511,000 after acquiring an additional 15,083 shares during the period. BI Asset Management Fondsmaeglerselskab A S raised its position in shares of Xcel Energy by 86.6% in the 3rd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 41,406 shares of the company’s stock worth $3,339,000 after acquiring an additional 19,214 shares in the last quarter. Finally, Jump Financial LLC bought a new position in shares of Xcel Energy in the 2nd quarter worth approximately $9,196,000. 78.38% of the stock is owned by hedge funds and other institutional investors.

Xcel Energy Stock Up 3.3%

NASDAQ:XEL opened at $81.59 on Tuesday. The firm has a market cap of $48.26 billion, a P/E ratio of 23.86, a P/E/G ratio of 2.23 and a beta of 0.45. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.69 and a current ratio of 0.79. Xcel Energy Inc. has a fifty-two week low of $65.21 and a fifty-two week high of $83.01. The firm has a 50-day simple moving average of $75.34 and a two-hundred day simple moving average of $76.53.

Xcel Energy (NASDAQ:XEL) last issued its earnings results on Thursday, February 5th. The company reported $0.96 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.96. The firm had revenue of $3.56 billion for the quarter, compared to the consensus estimate of $3.77 billion. Xcel Energy had a net margin of 13.76% and a return on equity of 10.83%. The business’s revenue was up 14.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.81 earnings per share. Xcel Energy has set its FY 2026 guidance at 4.040-4.160 EPS. Analysts predict that Xcel Energy Inc. will post 3.82 earnings per share for the current fiscal year.

Xcel Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 20th. Shareholders of record on Monday, December 29th were issued a $0.57 dividend. The ex-dividend date of this dividend was Monday, December 29th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.8%. Xcel Energy’s dividend payout ratio (DPR) is presently 66.67%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on XEL. Barclays dropped their price target on Xcel Energy from $85.00 to $82.00 and set an “overweight” rating on the stock in a research report on Thursday, January 15th. UBS Group upgraded shares of Xcel Energy from a “neutral” rating to a “buy” rating and boosted their target price for the company from $81.00 to $89.00 in a report on Friday. Royal Bank Of Canada reiterated an “outperform” rating and issued a $95.00 price target on shares of Xcel Energy in a research note on Friday, January 23rd. BTIG Research set a $94.00 price objective on shares of Xcel Energy in a research note on Friday, January 30th. Finally, Citigroup raised their target price on shares of Xcel Energy from $80.00 to $92.00 and gave the company a “buy” rating in a research note on Monday, November 3rd. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Xcel Energy presently has an average rating of “Buy” and a consensus target price of $88.13.

Xcel Energy Profile

Xcel Energy (NASDAQ: XEL) is a Minneapolis-based, publicly traded utility holding company that develops, owns and operates regulated electricity and natural gas delivery systems. The company’s core activities include generation, transmission and distribution of electricity, the delivery of natural gas to customers, and related customer service operations. Xcel provides a mix of utility services to residential, commercial and industrial customers and participates in wholesale energy markets where appropriate.

Its generation portfolio combines nuclear, natural gas, coal and a growing share of renewable resources such as wind and solar.