Vise Technologies Inc. Makes New Investment in Xcel Energy Inc. $XEL

Vise Technologies Inc. acquired a new stake in shares of Xcel Energy Inc. (NASDAQ:XEL) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 17,795 shares of the company’s stock, valued at approximately $1,212,000.

Several other institutional investors and hedge funds have also modified their holdings of XEL. Alpha Cubed Investments LLC boosted its position in shares of Xcel Energy by 30.7% during the 2nd quarter. Alpha Cubed Investments LLC now owns 5,092 shares of the company’s stock valued at $347,000 after acquiring an additional 1,197 shares in the last quarter. Addison Advisors LLC increased its holdings in shares of Xcel Energy by 35.8% in the second quarter. Addison Advisors LLC now owns 955 shares of the company’s stock valued at $65,000 after purchasing an additional 252 shares during the last quarter. Illinois Municipal Retirement Fund lifted its stake in Xcel Energy by 31.6% during the second quarter. Illinois Municipal Retirement Fund now owns 147,329 shares of the company’s stock worth $10,033,000 after purchasing an additional 35,410 shares during the last quarter. ProShare Advisors LLC lifted its holdings in shares of Xcel Energy by 6.0% in the second quarter. ProShare Advisors LLC now owns 913,439 shares of the company’s stock worth $62,205,000 after acquiring an additional 51,338 shares during the last quarter. Finally, Profund Advisors LLC boosted its position in Xcel Energy by 20.0% in the second quarter. Profund Advisors LLC now owns 71,899 shares of the company’s stock valued at $4,896,000 after buying an additional 11,966 shares in the last quarter. Institutional investors and hedge funds own 78.38% of the company’s stock.

Xcel Energy Stock Performance

NASDAQ:XEL traded up $0.10 during mid-day trading on Thursday, hitting $80.82. 130,430 shares of the company’s stock traded hands, compared to its average volume of 3,979,617. The firm has a 50 day moving average of $78.31 and a two-hundred day moving average of $73.14. The company has a current ratio of 0.96, a quick ratio of 0.85 and a debt-to-equity ratio of 1.48. Xcel Energy Inc. has a 12 month low of $62.58 and a 12 month high of $83.01. The firm has a market capitalization of $47.81 billion, a price-to-earnings ratio of 22.40, a price-to-earnings-growth ratio of 2.81 and a beta of 0.38.

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

Wall Street Analyst Weigh In

A number of research firms recently issued reports on XEL. KeyCorp boosted their target price on shares of Xcel Energy from $79.00 to $85.00 and gave the company an “overweight” rating in a research report on Wednesday, October 15th. BMO Capital Markets upped their target price on shares of Xcel Energy from $84.00 to $87.00 and gave the stock an “outperform” rating in a report on Wednesday, October 15th. Royal Bank Of Canada started coverage on shares of Xcel Energy in a research report on Tuesday, October 28th. They issued a “moderate buy” rating for the company. Jefferies Financial Group raised their price objective on Xcel Energy from $84.00 to $92.00 and gave the company a “buy” rating in a research note on Thursday, October 16th. Finally, Morgan Stanley set a $86.00 price objective on shares of Xcel Energy and gave the stock an “outperform” rating in a research note on Wednesday, October 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target 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.