Utah Retirement Systems maintained its position in Xcel Energy Inc. (NYSE:XEL) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 93,050 shares of the utilities provider’s stock at the end of the second quarter. Utah Retirement Systems’ holdings in Xcel Energy were worth $4,269,000 as of its most recent filing with the SEC.

Other institutional investors also recently added to or reduced their stakes in the company. Windsor Capital Management LLC raised its position in Xcel Energy by 0.4% in the second quarter. Windsor Capital Management LLC now owns 14,144 shares of the utilities provider’s stock valued at $648,000 after buying an additional 58 shares during the period. USS Investment Management Ltd raised its position in Xcel Energy by 3.4% in the second quarter. USS Investment Management Ltd now owns 139,882 shares of the utilities provider’s stock valued at $6,418,000 after buying an additional 4,600 shares during the period. Andra AP fonden raised its position in Xcel Energy by 0.4% in the second quarter. Andra AP fonden now owns 436,600 shares of the utilities provider’s stock valued at $20,031,000 after buying an additional 1,720 shares during the period. Robeco Institutional Asset Management B.V. raised its position in Xcel Energy by 2.0% in the second quarter. Robeco Institutional Asset Management B.V. now owns 1,266,076 shares of the utilities provider’s stock valued at $58,084,000 after buying an additional 24,916 shares during the period. Finally, Prudential Financial Inc. raised its position in Xcel Energy by 0.9% in the second quarter. Prudential Financial Inc. now owns 712,959 shares of the utilities provider’s stock valued at $32,711,000 after buying an additional 6,550 shares during the period. 73.03% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Xcel Energy Inc. (NYSE XEL) opened at 49.54 on Tuesday. The company’s 50 day moving average is $47.62 and its 200 day moving average is $45.69. The firm has a market capitalization of $25.15 billion, a PE ratio of 21.87 and a beta of 0.19. Xcel Energy Inc. has a 12-month low of $38.00 and a 12-month high of $49.60.

Xcel Energy (NYSE:XEL) last released its quarterly earnings data on Thursday, July 27th. The utilities provider reported $0.45 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.02. The firm had revenue of $2.64 billion during 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 company’s quarterly revenue was up 5.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.39 earnings per share. On average, analysts forecast that Xcel Energy Inc. will post $2.20 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 20th. Stockholders of record on Friday, September 15th will be issued a dividend of $0.36 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.44 annualized dividend and a dividend yield of 2.91%. Xcel Energy’s dividend payout ratio is 63.44%.

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Several equities analysts have recently weighed in on XEL shares. Jefferies Group LLC restated a “hold” rating and set a $48.00 price objective on shares of Xcel Energy in a research report on Friday, June 9th. Argus raised their price objective on shares of Xcel Energy from $50.00 to $53.00 and gave the company a “buy” rating in a research report on Wednesday, June 14th. Zacks Investment Research upgraded shares of Xcel Energy from a “hold” rating to a “buy” rating and set a $52.00 price objective for the company in a research report on Wednesday, June 14th. BidaskClub lowered shares of Xcel Energy from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 24th. Finally, BMO Capital Markets raised their price objective on shares of Xcel Energy from $46.00 to $47.00 and gave the company a “market perform” rating in a research report on Friday, July 28th. Ten analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $46.67.

In other news, EVP Kent T. Larson sold 10,000 shares of the business’s 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 completion of the sale, the executive vice president now owns 80,221 shares in the company, valued at $3,790,442.25. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.22% of the company’s stock.

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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