Machina Capital S.A.S. raised its stake in shares of Xcel Energy Inc. (NASDAQ:XEL – Free Report) by 238.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 117,798 shares of the company’s stock after buying an additional 83,022 shares during the period. Xcel Energy accounts for approximately 1.1% of Machina Capital S.A.S.’s portfolio, making the stock its 6th biggest holding. Machina Capital S.A.S.’s holdings in Xcel Energy were worth $8,302,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Bank of New York Mellon Corp acquired a new stake in Xcel Energy in the 2nd quarter worth approximately $280,187,000. Engineers Gate Manager LP bought a new stake in Xcel Energy during the second quarter worth approximately $7,894,000. Jupiter Topco LLC bought a new stake in Xcel Energy during the second quarter worth approximately $94,211,000. Allianz Asset Management GmbH grew its holdings in Xcel Energy by 10,366.0% during the second quarter. Allianz Asset Management GmbH now owns 316,702 shares of the company’s stock valued at $25,431,000 after purchasing an additional 313,676 shares during the last quarter. Finally, Bank of America Corp DE grew its holdings in Xcel Energy by 1.7% during the second quarter. Bank of America Corp DE now owns 29,933,748 shares of the company’s stock valued at $2,403,680,000 after purchasing an additional 491,937 shares during the last quarter. Institutional investors and hedge funds own 78.38% of the company’s stock.
Wall Street Analyst Weigh In
A number of research firms have recently commented on XEL. Mizuho set a $92.00 price target on shares of Xcel Energy and gave the company an “outperform” rating in a research report on Friday, July 31st. Weiss Ratings upgraded shares of Xcel Energy from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, November 3rd. Jefferies Financial Group reaffirmed a “buy” rating and set a $99.00 price objective (down from $101.00) on shares of Xcel Energy in a report on Tuesday, October 20th. BTIG Research set a $92.00 target price on shares of Xcel Energy in a research note on Friday, October 30th. Finally, KeyCorp lowered their target price on shares of Xcel Energy from $90.00 to $87.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 13th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $90.71.
Check Out Our Latest Stock Report on XEL
Xcel Energy Trading Down 0.1%
Xcel Energy stock opened at $80.12 on Wednesday. Xcel Energy Inc. has a 52 week low of $68.72 and a 52 week high of $84.23. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.61 and a current ratio of 0.69. The firm has a market capitalization of $51.43 billion, a PE ratio of 18.68, a PEG ratio of 2.59 and a beta of 0.34. The business’s 50-day simple moving average is $75.10 and its 200-day simple moving average is $78.33.
Xcel Energy (NASDAQ:XEL – Get Free Report) last announced its earnings results on Wednesday, October 28th. The company reported $1.52 earnings per share for the quarter, beating the consensus estimate of $1.39 by $0.13. Xcel Energy had a return on equity of 11.10% and a net margin of 17.94%. The firm had revenue of $4.17 billion during the quarter, compared to the consensus estimate of $4.26 billion. During the same quarter in the prior year, the company earned $1.24 EPS. The firm’s revenue for the quarter was up 6.6% compared to the same quarter last year. Equities research analysts forecast that Xcel Energy Inc. will post 4.14 earnings per share for the current year.
About Xcel Energy
Xcel Energy Inc. is a regulated electric and natural gas utility headquartered in Minneapolis, Minnesota. Through its operating companies, it generates, purchases, transmits and distributes electricity, and delivers natural gas to residential, commercial and industrial customers. The company serves customers in eight states: Colorado, Michigan, Minnesota, New Mexico, North Dakota, South Dakota, Texas and Wisconsin. Its electric system includes a mix of generation resources, supported by transmission and distribution networks.
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