State of New Jersey Common Pension Fund D Raises Position in Xcel Energy Inc. (NASDAQ:XEL)

State of New Jersey Common Pension Fund D lifted its stake in shares of Xcel Energy Inc. (NASDAQ:XEL) by 0.2% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 199,564 shares of the company’s stock after buying an additional 384 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Xcel Energy were worth $13,032,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. TruNorth Capital Management LLC acquired a new position in shares of Xcel Energy in the second quarter worth about $30,000. American National Bank acquired a new position in shares of Xcel Energy in the 2nd quarter valued at approximately $32,000. Transcendent Capital Group LLC acquired a new position in shares of Xcel Energy in the 3rd quarter valued at approximately $33,000. Kimelman & Baird LLC purchased a new position in shares of Xcel Energy during the 2nd quarter valued at approximately $35,000. Finally, Rothschild Investment LLC acquired a new stake in shares of Xcel Energy during the second quarter worth approximately $37,000. 78.38% of the stock is owned by institutional investors and hedge funds.

Xcel Energy Stock Up 1.8 %

XEL stock opened at $67.37 on Monday. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.93 and a quick ratio of 0.82. The firm has a market cap of $38.69 billion, a PE ratio of 19.99, a P/E/G ratio of 2.75 and a beta of 0.38. Xcel Energy Inc. has a 12 month low of $46.79 and a 12 month high of $68.36. The firm has a 50 day simple moving average of $64.14 and a 200 day simple moving average of $58.71.

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 the consensus estimate of $1.26 by ($0.01). Xcel Energy had a return on equity of 10.76% and a net margin of 13.67%. The business had revenue of $3.64 billion during the quarter, compared to analysts’ expectations of $3.93 billion. During the same period in the prior year, the company posted $1.23 earnings per share. The firm’s revenue was down .5% on a year-over-year basis. Equities research analysts forecast that Xcel Energy Inc. will post 3.55 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Argus raised shares of Xcel Energy from a “hold” rating to a “buy” rating and set a $68.00 price objective for the company in a report on Monday, August 26th. KeyCorp increased their price target on shares of Xcel Energy from $69.00 to $74.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. Barclays boosted their price objective on Xcel Energy from $57.00 to $67.00 and gave the company an “overweight” rating in a report on Monday, October 21st. UBS Group lifted their target price on Xcel Energy from $66.00 to $67.00 and gave the stock a “neutral” rating in a research report on Friday, September 20th. Finally, Morgan Stanley raised their price objective on Xcel Energy from $68.00 to $73.00 and gave the stock an “equal weight” rating in a research note on Wednesday, September 25th. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $66.38.

Xcel Energy Company 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.