Xcel Energy Inc (NYSE:XEL) Holdings Cut by Arizona State Retirement System

Arizona State Retirement System decreased its stake in Xcel Energy Inc (NYSE:XEL) by 4.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 211,839 shares of the utilities provider’s stock after selling 9,142 shares during the quarter. Arizona State Retirement System’s holdings in Xcel Energy were worth $13,450,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in XEL. State Street Corp lifted its position in Xcel Energy by 2.7% in the 3rd quarter. State Street Corp now owns 26,991,138 shares of the utilities provider’s stock worth $1,762,175,000 after buying an additional 712,453 shares in the last quarter. BlackRock Inc. lifted its position in Xcel Energy by 1.1% in the 2nd quarter. BlackRock Inc. now owns 48,291,767 shares of the utilities provider’s stock worth $2,872,877,000 after buying an additional 511,726 shares in the last quarter. Pictet Asset Management Ltd. lifted its position in Xcel Energy by 10.3% in the 3rd quarter. Pictet Asset Management Ltd. now owns 5,416,380 shares of the utilities provider’s stock worth $351,469,000 after buying an additional 507,559 shares in the last quarter. Boston Partners lifted its position in Xcel Energy by 6.8% in the 3rd quarter. Boston Partners now owns 4,308,608 shares of the utilities provider’s stock worth $279,558,000 after buying an additional 273,484 shares in the last quarter. Finally, California Public Employees Retirement System lifted its position in Xcel Energy by 6.6% in the 3rd quarter. California Public Employees Retirement System now owns 4,198,796 shares of the utilities provider’s stock worth $272,460,000 after buying an additional 258,679 shares in the last quarter. Institutional investors own 73.96% of the company’s stock.

Several research analysts have recently commented on XEL shares. Mizuho increased their price target on shares of Xcel Energy from $50.00 to $64.00 and gave the stock a “neutral” rating in a research note on Thursday, October 10th. KeyCorp dropped their price target on shares of Xcel Energy from $73.00 to $66.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. Bank of America lowered shares of Xcel Energy from a “neutral” rating to an “underperform” rating and set a $62.00 price target on the stock. in a research note on Monday, September 30th. Finally, Goldman Sachs Group started coverage on shares of Xcel Energy in a research note on Sunday, December 15th. They set a “neutral” rating and a $59.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company. Xcel Energy currently has a consensus rating of “Hold” and a consensus target price of $63.09.

Shares of XEL opened at $66.92 on Tuesday. The company’s fifty day moving average is $63.71 and its 200-day moving average is $62.78. Xcel Energy Inc has a 12 month low of $50.10 and a 12 month high of $67.69.

The firm also recently declared a quarterly dividend, which was paid on Monday, January 20th. Stockholders of record on Thursday, December 26th were paid a dividend of $0.405 per share. The ex-dividend date was Tuesday, December 24th. This represents a $1.62 annualized dividend and a dividend yield of 2.42%.

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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