California Public Employees Retirement System lifted its stake in Xcel Energy Inc. (NYSE:XEL) by 3.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,379,992 shares of the utilities provider’s stock after buying an additional 46,397 shares during the period. California Public Employees Retirement System owned approximately 0.27% of Xcel Energy worth $65,301,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Krilogy Financial LLC purchased a new position in shares of Xcel Energy in the 3rd quarter valued at $127,000. Janney Montgomery Scott LLC grew its position in shares of Xcel Energy by 3.5% in the 3rd quarter. Janney Montgomery Scott LLC now owns 72,693 shares of the utilities provider’s stock valued at $3,440,000 after buying an additional 2,483 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. grew its position in shares of Xcel Energy by 9.7% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 77,655 shares of the utilities provider’s stock valued at $3,674,000 after buying an additional 6,849 shares during the last quarter. Janus Henderson Group PLC grew its position in shares of Xcel Energy by 47.0% in the 3rd quarter. Janus Henderson Group PLC now owns 3,336,876 shares of the utilities provider’s stock valued at $157,899,000 after buying an additional 1,067,592 shares during the last quarter. Finally, Rocky Mountain Advisers LLC purchased a new position in shares of Xcel Energy in the 3rd quarter valued at $274,000. 73.41% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts recently commented on the stock. Morgan Stanley increased their target price on shares of Xcel Energy from $50.00 to $53.00 and gave the company an “equal weight” rating in a research report on Wednesday. Zacks Investment Research downgraded shares of Xcel Energy from a “hold” rating to a “sell” rating in a research report on Tuesday. SunTrust Banks reissued a “hold” rating and set a $48.00 price objective on shares of Xcel Energy in a research report on Monday, December 4th. ValuEngine raised shares of Xcel Energy from a “hold” rating to a “buy” rating in a research report on Thursday, November 9th. Finally, Mizuho reissued a “hold” rating and set a $46.00 price objective on shares of Xcel Energy in a research report on Friday, September 29th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $49.45.

Shares of Xcel Energy Inc. (NYSE XEL) traded up $0.29 during trading on Thursday, reaching $50.83. 2,857,500 shares of the company’s stock traded hands, compared to its average volume of 2,601,333. Xcel Energy Inc. has a 52 week low of $39.59 and a 52 week high of $52.22. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.87 and a quick ratio of 0.68. The stock has a market cap of $25,620.00, a P/E ratio of 21.60, a P/E/G ratio of 4.01 and a beta of 0.21.

Xcel Energy (NYSE:XEL) last issued its quarterly earnings data on Thursday, October 26th. The utilities provider reported $0.97 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.92 by $0.05. Xcel Energy had a net margin of 10.40% and a return on equity of 10.63%. The company had revenue of $3.02 billion for the quarter, compared to the consensus estimate of $3.27 billion. During the same period last year, the firm posted $0.90 EPS. Xcel Energy’s revenue for the quarter was down .8% on a year-over-year basis. sell-side analysts anticipate that Xcel Energy Inc. will post 2.31 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Saturday, January 20th. Stockholders of record on Thursday, December 28th will be issued a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 2.83%. The ex-dividend date is Wednesday, December 27th. Xcel Energy’s payout ratio is 61.80%.

In other news, Director Timothy V. Wolf sold 3,000 shares of Xcel Energy stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $49.48, for a total value of $148,440.00. Following the sale, the director now owns 3,700 shares of the company’s stock, valued at $183,076. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Marvin E. Jr. Mcdaniel sold 5,176 shares of Xcel Energy stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $51.07, for a total transaction of $264,338.32. Following the completion of the sale, the executive vice president now directly owns 81,371 shares in the company, valued at approximately $4,155,616.97. The disclosure for this sale can be found here. In the last ninety days, insiders sold 28,363 shares of company stock worth $1,415,265. Insiders own 0.22% of the company’s stock.

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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.

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

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