State of New Jersey Common Pension Fund D Has $13.16 Million Holdings in Xcel Energy Inc. $XEL

State of New Jersey Common Pension Fund D grew its stake in Xcel Energy Inc. (NASDAQ:XEL) by 1.0% in the second quarter, HoldingsChannel.com reports. The fund owned 193,206 shares of the company’s stock after acquiring an additional 1,972 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Xcel Energy were worth $13,157,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the business. Vanguard Group Inc. increased its stake in Xcel Energy by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 74,818,158 shares of the company’s stock worth $5,296,377,000 after purchasing an additional 986,170 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in Xcel Energy by 31.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 25,809,978 shares of the company’s stock worth $1,827,090,000 after acquiring an additional 6,109,190 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Xcel Energy by 7.9% during the 1st quarter. JPMorgan Chase & Co. now owns 20,811,241 shares of the company’s stock worth $1,473,228,000 after acquiring an additional 1,520,092 shares during the last quarter. Northern Trust Corp boosted its position in Xcel Energy by 5.8% during the 1st quarter. Northern Trust Corp now owns 5,967,952 shares of the company’s stock worth $422,471,000 after acquiring an additional 328,845 shares during the last quarter. Finally, Invesco Ltd. boosted its position in Xcel Energy by 0.6% during the 1st quarter. Invesco Ltd. now owns 5,711,917 shares of the company’s stock worth $404,347,000 after acquiring an additional 33,469 shares during the last quarter. 78.38% of the stock is owned by institutional investors.

Xcel Energy Stock Down 0.0%

XEL stock opened at $80.39 on Friday. The company has a market cap of $47.55 billion, a PE ratio of 22.27, a price-to-earnings-growth ratio of 2.83 and a beta of 0.37. The business has a 50-day simple moving average of $76.22 and a 200 day simple moving average of $72.12. Xcel Energy Inc. has a 52 week low of $62.58 and a 52 week high of $83.01. The company has a quick ratio of 0.85, a current ratio of 0.96 and a debt-to-equity ratio of 1.48.

Xcel Energy (NASDAQ:XEL) last released its earnings results on Thursday, July 31st. The company reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.66 by $0.09. The firm had revenue of $3.29 billion for the quarter, compared to analysts’ expectations of $3.31 billion. Xcel Energy had a return on equity of 10.52% and a net margin of 14.85%.The business’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.54 earnings per share. Xcel Energy has set its FY 2025 guidance at 3.750-3.850 EPS. Sell-side analysts anticipate that Xcel Energy Inc. will post 3.82 EPS for the current fiscal year.

Xcel Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, October 20th. Investors of record on Monday, September 15th were issued a $0.57 dividend. The ex-dividend date was Monday, September 15th. This represents a $2.28 annualized dividend and a yield of 2.8%. Xcel Energy’s dividend payout ratio is presently 63.16%.

Analyst Ratings Changes

Several equities research analysts have recently commented on XEL shares. KeyCorp increased their price objective on Xcel Energy from $79.00 to $85.00 and gave the company an “overweight” rating in a report on Wednesday, October 15th. UBS Group raised their target price on shares of Xcel Energy from $82.00 to $84.00 and gave the company a “neutral” rating in a research note on Friday, October 10th. BTIG Research raised Xcel Energy to a “strong-buy” rating in a report on Wednesday. Cowen started coverage on Xcel Energy in a report on Wednesday, October 15th. They set a “buy” rating for the company. Finally, BMO Capital Markets raised their price target on Xcel Energy from $84.00 to $87.00 and gave the company an “outperform” rating in a report on Wednesday, October 15th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $86.23.

Xcel Energy Profile

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.