Holocene Advisors LP Has $5.48 Million Stock Position in Xcel Energy Inc. (NASDAQ:XEL)

Holocene Advisors LP grew its position in Xcel Energy Inc. (NASDAQ:XEL) by 9.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 83,910 shares of the company’s stock after buying an additional 7,061 shares during the quarter. Holocene Advisors LP’s holdings in Xcel Energy were worth $5,479,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Integris Wealth Management LLC boosted its holdings in shares of Xcel Energy by 2.7% in the third quarter. Integris Wealth Management LLC now owns 6,163 shares of the company’s stock worth $402,000 after buying an additional 163 shares during the period. Bond & Devick Financial Network Inc. boosted its holdings in shares of Xcel Energy by 1.1% in the third quarter. Bond & Devick Financial Network Inc. now owns 15,972 shares of the company’s stock worth $1,043,000 after buying an additional 168 shares during the period. Gateway Wealth Partners LLC boosted its holdings in shares of Xcel Energy by 4.3% during the second quarter. Gateway Wealth Partners LLC now owns 4,413 shares of the company’s stock worth $236,000 after purchasing an additional 182 shares during the period. Sumitomo Life Insurance Co. boosted its holdings in shares of Xcel Energy by 2.9% during the third quarter. Sumitomo Life Insurance Co. now owns 6,591 shares of the company’s stock worth $430,000 after purchasing an additional 183 shares during the period. Finally, Dakota Wealth Management boosted its holdings in shares of Xcel Energy by 0.9% during the third quarter. Dakota Wealth Management now owns 22,979 shares of the company’s stock worth $1,500,000 after purchasing an additional 205 shares during the period. 78.38% of the stock is currently owned by institutional investors and hedge funds.

Xcel Energy Price Performance

Shares of Xcel Energy stock opened at $70.72 on Thursday. The firm has a fifty day simple moving average of $66.64 and a 200-day simple moving average of $60.69. The company has a current ratio of 0.93, a quick ratio of 0.82 and a debt-to-equity ratio of 1.42. Xcel Energy Inc. has a 1-year low of $46.79 and a 1-year high of $73.38. The stock has a market capitalization of $40.61 billion, a price-to-earnings ratio of 20.99, a PEG ratio of 2.91 and a beta of 0.41.

Xcel Energy (NASDAQ:XEL) last issued its quarterly earnings data on Thursday, October 31st. The company reported $1.25 earnings per share for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.01). Xcel Energy had a return on equity of 10.76% and a net margin of 13.67%. The firm had revenue of $3.64 billion during the quarter, compared to analyst estimates of $3.93 billion. During the same quarter in the previous year, the firm posted $1.23 earnings per share. Xcel Energy’s quarterly revenue was down .5% compared to the same quarter last year. On average, sell-side analysts expect that Xcel Energy Inc. will post 3.54 earnings per share for the current year.

Analysts Set New Price Targets

XEL has been the subject of several research reports. UBS Group raised their price target 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. Morgan Stanley decreased their price target on shares of Xcel Energy from $74.00 to $72.00 and set an “equal weight” rating for the company in a report on Friday, November 22nd. Argus upgraded shares of Xcel Energy from a “hold” rating to a “buy” rating and set a $68.00 price target for the company in a report on Monday, August 26th. Barclays raised their price target on shares of Xcel Energy from $67.00 to $71.00 and gave the stock an “overweight” rating in a report on Tuesday, November 26th. Finally, Jefferies Financial Group upgraded shares of Xcel Energy from a “hold” rating to a “buy” rating and raised their price target for the stock from $71.00 to $76.00 in a report on Friday, November 1st. Seven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, Xcel Energy has a consensus rating of “Moderate Buy” and a consensus price target of $67.00.

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.