Cbre Investment Management Listed Real Assets LLC Buys 64,122 Shares of Xcel Energy Inc. $XEL

Cbre Investment Management Listed Real Assets LLC raised its stake in Xcel Energy Inc. (NASDAQ:XEL) by 4.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,519,160 shares of the company’s stock after purchasing an additional 64,122 shares during the period. Xcel Energy accounts for approximately 1.6% of Cbre Investment Management Listed Real Assets LLC’s investment portfolio, making the stock its 25th largest holding. Cbre Investment Management Listed Real Assets LLC’s holdings in Xcel Energy were worth $103,455,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of Xcel Energy by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 74,818,158 shares of the company’s stock valued at $5,296,377,000 after buying an additional 986,170 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of 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 in the last quarter. JPMorgan Chase & Co. raised its stake in shares of 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 in the last quarter. Northern Trust Corp lifted its position in Xcel Energy by 5.8% during the first quarter. Northern Trust Corp now owns 5,967,952 shares of the company’s stock valued at $422,471,000 after acquiring an additional 328,845 shares during the last quarter. Finally, Invesco Ltd. boosted its stake in Xcel Energy by 0.6% in the first quarter. Invesco Ltd. now owns 5,711,917 shares of the company’s stock valued at $404,347,000 after acquiring an additional 33,469 shares in the last quarter. 78.38% of the stock is currently owned by institutional investors.

Xcel Energy Stock Down 0.8%

Shares of XEL stock opened at $80.54 on Friday. Xcel Energy Inc. has a fifty-two week low of $62.58 and a fifty-two week high of $83.01. The firm has a market capitalization of $47.63 billion, a PE ratio of 22.31, a P/E/G ratio of 2.81 and a beta of 0.38. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.85 and a current ratio of 0.96. The stock’s 50-day simple moving average is $77.63 and its 200-day simple moving average is $72.83.

Xcel Energy (NASDAQ:XEL) last released its earnings results on Thursday, October 30th. The company reported $1.24 EPS for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.08). Xcel Energy had a return on equity of 10.52% and a net margin of 14.85%.The firm had revenue of $3.92 billion for the quarter, compared to analyst estimates of $3.89 billion. During the same period last year, the firm earned $1.25 EPS. The company’s revenue for the quarter was up 7.4% compared to the same quarter last year. Equities analysts expect that Xcel Energy Inc. will post 3.82 earnings per share for the current year.

Wall Street Analyst Weigh In

XEL has been the topic of a number of recent analyst reports. Cowen initiated coverage on Xcel Energy in a research report on Wednesday, October 15th. They set a “buy” rating on the stock. UBS Group set a $85.00 target price on Xcel Energy in a research report on Wednesday. Mizuho raised their price target on Xcel Energy from $83.00 to $87.00 and gave the stock an “outperform” rating in a report on Monday, October 27th. TD Cowen assumed coverage on Xcel Energy in a research note on Thursday, October 16th. They set a “buy” rating and a $93.00 price target on the stock. Finally, BTIG Research raised shares of Xcel Energy to a “strong-buy” rating in a research report on Wednesday, October 22nd. Two research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Xcel Energy has an average rating of “Buy” and an average target price of $87.29.

About Xcel Energy

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.