Employees Retirement System of Texas Reduces Holdings in Xcel Energy Inc. (XEL)

Employees Retirement System of Texas cut its position in Xcel Energy Inc. (NYSE:XEL) by 42.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 28,000 shares of the utilities provider’s stock after selling 21,000 shares during the quarter. Employees Retirement System of Texas’ holdings in Xcel Energy were worth $1,285,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. BlackRock Inc. raised its position in Xcel Energy by 2,692.8% in the first quarter. BlackRock Inc. now owns 41,639,955 shares of the utilities provider’s stock valued at $1,850,897,000 after purchasing an additional 40,148,954 shares during the last quarter. Vanguard Group Inc. raised its position in Xcel Energy by 2.5% in the second quarter. Vanguard Group Inc. now owns 36,034,296 shares of the utilities provider’s stock valued at $1,653,253,000 after purchasing an additional 871,299 shares during the last quarter. JPMorgan Chase & Co. raised its position in Xcel Energy by 12.6% in the second quarter. JPMorgan Chase & Co. now owns 28,507,015 shares of the utilities provider’s stock valued at $1,307,902,000 after purchasing an additional 3,187,095 shares during the last quarter. Franklin Resources Inc. raised its position in Xcel Energy by 0.6% in the second quarter. Franklin Resources Inc. now owns 13,899,928 shares of the utilities provider’s stock valued at $637,728,000 after purchasing an additional 85,566 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its position in Xcel Energy by 72.2% in the second quarter. Ameriprise Financial Inc. now owns 5,836,464 shares of the utilities provider’s stock valued at $267,813,000 after purchasing an additional 2,446,904 shares during the last quarter. Hedge funds and other institutional investors own 72.45% of the company’s stock.

TRADEMARK VIOLATION WARNING: This piece was published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this piece on another publication, it was illegally copied and republished in violation of United States and international trademark & copyright laws. The legal version of this piece can be accessed at https://ledgergazette.com/2017/10/15/employees-retirement-system-of-texas-reduces-holdings-in-xcel-energy-inc-xel.html.

Shares of Xcel Energy Inc. (NYSE XEL) opened at 48.61 on Friday. The stock has a 50 day moving average price of $48.54 and a 200 day moving average price of $47.01. The firm has a market cap of $24.68 billion, a PE ratio of 21.46 and a beta of 0.19. Xcel Energy Inc. has a 52 week low of $38.00 and a 52 week high of $50.56.

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

The company also recently announced a quarterly dividend, which will be paid on Friday, October 20th. Investors of record on Friday, September 15th will be given a $0.36 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.44 annualized dividend and a yield of 2.96%. Xcel Energy’s dividend payout ratio (DPR) is currently 63.44%.

Several research firms have commented on XEL. Morgan Stanley increased their target price on Xcel Energy from $46.00 to $48.00 and gave the company an “equal weight” rating in a research report on Friday, September 8th. Jefferies Group LLC reiterated a “hold” rating and issued a $50.00 target price on shares of Xcel Energy in a research report on Thursday, August 31st. BidaskClub upgraded Xcel Energy from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 23rd. Zacks Investment Research upgraded Xcel Energy from a “sell” rating to a “hold” rating in a research report on Friday. Finally, J P Morgan Chase & Co increased their target price on Xcel Energy from $51.00 to $53.00 and gave the company an “overweight” rating in a research report on Thursday. Eight analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $48.67.

In related news, EVP Kent T. Larson sold 10,000 shares of the firm’s stock in a transaction on Friday, July 28th. The stock was sold at an average price of $47.25, for a total value of $472,500.00. Following the completion of the transaction, the executive vice president now directly owns 80,221 shares of the company’s stock, valued at $3,790,442.25. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Daniel Yohannes bought 1,000 shares of Xcel Energy stock in a transaction that occurred on Tuesday, September 5th. The stock was purchased at an average cost of $49.53 per share, with a total value of $49,530.00. Following the completion of the transaction, the director now owns 1,000 shares of the company’s stock, valued at $49,530. The disclosure for this purchase can be found

A number of other institutional investors have also recently bought and sold shares of the business. BlackRock Inc. raised its position in Xcel Energy by 2,692.8% in the first quarter. BlackRock Inc. now owns 41,639,955 shares of the utilities provider’s stock valued at $1,850,897,000 after purchasing an additional 40,148,954 shares during the last quarter. Vanguard Group Inc. raised its position in Xcel Energy by 2.5% in the second quarter. Vanguard Group Inc. now owns 36,034,296 shares of the utilities provider’s stock valued at $1,653,253,000 after purchasing an additional 871,299 shares during the last quarter. JPMorgan Chase & Co. raised its position in Xcel Energy by 12.6% in the second quarter. JPMorgan Chase & Co. now owns 28,507,015 shares of the utilities provider’s stock valued at $1,307,902,000 after purchasing an additional 3,187,095 shares during the last quarter. Franklin Resources Inc. raised its position in Xcel Energy by 0.6% in the second quarter. Franklin Resources Inc. now owns 13,899,928 shares of the utilities provider’s stock valued at $637,728,000 after purchasing an additional 85,566 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its position in Xcel Energy by 72.2% in the second quarter. Ameriprise Financial Inc. now owns 5,836,464 shares of the utilities provider’s stock valued at $267,813,000 after purchasing an additional 2,446,904 shares during the last quarter. Hedge funds and other institutional investors own 72.45% of the company’s stock.

TRADEMARK VIOLATION WARNING: This piece was published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this piece on another publication, it was illegally copied and republished in violation of United States and international trademark & copyright laws. The legal version of this piece can be accessed at https://ledgergazette.com/2017/10/15/employees-retirement-system-of-texas-reduces-holdings-in-xcel-energy-inc-xel.html.

Shares of Xcel Energy Inc. (NYSE XEL) opened at 48.61 on Friday. The stock has a 50 day moving average price of $48.54 and a 200 day moving average price of $47.01. The firm has a market cap of $24.68 billion, a PE ratio of 21.46 and a beta of 0.19. Xcel Energy Inc. has a 52 week low of $38.00 and a 52 week high of $50.56.

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

The company also recently announced a quarterly dividend, which will be paid on Friday, October 20th. Investors of record on Friday, September 15th will be given a $0.36 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.44 annualized dividend and a yield of 2.96%. Xcel Energy’s dividend payout ratio (DPR) is currently 63.44%.

Several research firms have commented on XEL. Morgan Stanley increased their target price on Xcel Energy from $46.00 to $48.00 and gave the company an “equal weight” rating in a research report on Friday, September 8th. Jefferies Group LLC reiterated a “hold” rating and issued a $50.00 target price on shares of Xcel Energy in a research report on Thursday, August 31st. BidaskClub upgraded Xcel Energy from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 23rd. Zacks Investment Research upgraded Xcel Energy from a “sell” rating to a “hold” rating in a research report on Friday. Finally, J P Morgan Chase & Co increased their target price on Xcel Energy from $51.00 to $53.00 and gave the company an “overweight” rating in a research report on Thursday. Eight analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $48.67.

In related news, EVP Kent T. Larson sold 10,000 shares of the firm’s stock in a transaction on Friday, July 28th. The stock was sold at an average price of $47.25, for a total value of $472,500.00. Following the completion of the transaction, the executive vice president now directly owns 80,221 shares of the company’s stock, valued at $3,790,442.25. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Daniel Yohannes bought 1,000 shares of Xcel Energy stock in a transaction that occurred on Tuesday, September 5th. The stock was purchased at an average cost of $49.53 per share, with a total value of $49,530.00. Following the completion of the transaction, the director now owns 1,000 shares of the company’s stock, valued at $49,530. The disclosure for this purchase can be found here. 0.22% of the stock is owned by company insiders.

About Xcel Energy

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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