Kentucky Retirement Systems Has $2.54 Million Stock Position in Xcel Energy Inc. (NASDAQ:XEL)

Kentucky Retirement Systems reduced its position in Xcel Energy Inc. (NASDAQ:XEL) by 7.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 38,839 shares of the company’s stock after selling 3,032 shares during the period. Kentucky Retirement Systems’ holdings in Xcel Energy were worth $2,536,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in XEL. Price T Rowe Associates Inc. MD boosted its holdings in Xcel Energy by 770.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 7,552,625 shares of the company’s stock worth $405,955,000 after purchasing an additional 6,684,499 shares in the last quarter. Federated Hermes Inc. boosted its stake in shares of Xcel Energy by 120.2% during the 2nd quarter. Federated Hermes Inc. now owns 2,379,615 shares of the company’s stock worth $127,095,000 after acquiring an additional 1,299,025 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of Xcel Energy by 130.4% during the 2nd quarter. American Century Companies Inc. now owns 2,084,345 shares of the company’s stock valued at $111,325,000 after acquiring an additional 1,179,823 shares during the last quarter. Zimmer Partners LP raised its stake in shares of Xcel Energy by 1,765.0% in the 1st quarter. Zimmer Partners LP now owns 932,505 shares of the company’s stock valued at $50,122,000 after acquiring an additional 882,505 shares in the last quarter. Finally, Los Angeles Capital Management LLC lifted its holdings in Xcel Energy by 725.1% in the 2nd quarter. Los Angeles Capital Management LLC now owns 907,030 shares of the company’s stock worth $48,444,000 after purchasing an additional 797,096 shares during the last quarter. 78.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Morgan Stanley lifted their price target on shares of Xcel Energy from $68.00 to $73.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 25th. Jefferies Financial Group upgraded shares of Xcel Energy from a “hold” rating to a “buy” rating and raised their price objective for the stock from $71.00 to $76.00 in a research note on Friday, November 1st. Barclays upped their target price on shares of Xcel Energy from $57.00 to $67.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. UBS Group boosted their price objective on shares of Xcel Energy from $66.00 to $67.00 and gave the stock a “neutral” rating in a report on Friday, September 20th. Finally, KeyCorp increased their target price on shares of Xcel Energy from $69.00 to $74.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. Seven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $66.38.

Xcel Energy Stock Performance

Xcel Energy stock opened at $69.46 on Monday. Xcel Energy Inc. has a 1 year low of $46.79 and a 1 year high of $69.90. The company’s 50-day moving average is $64.76 and its two-hundred day moving average is $59.25. The company has a current ratio of 0.93, a quick ratio of 0.82 and a debt-to-equity ratio of 1.42. The company has a market cap of $39.89 billion, a PE ratio of 20.61, a PEG ratio of 2.84 and a beta of 0.38.

Xcel Energy (NASDAQ:XEL) last announced its quarterly earnings data on Thursday, October 31st. The company reported $1.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.01). The business had revenue of $3.64 billion during the quarter, compared to the consensus estimate of $3.93 billion. Xcel Energy had a net margin of 13.67% and a return on equity of 10.76%. Xcel Energy’s revenue was down .5% compared to the same quarter last year. During the same period in the previous year, the business posted $1.23 earnings per share. Equities analysts anticipate that Xcel Energy Inc. will post 3.55 earnings per share for the current year.

About Xcel Energy

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.