International Assets Investment Management LLC raised its holdings in shares of Xcel Energy Inc. (NASDAQ:XEL – Free Report) by 220.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,000 shares of the company’s stock after acquiring an additional 10,323 shares during the period. International Assets Investment Management LLC’s holdings in Xcel Energy were worth $1,057,000 at the end of the most recent quarter.
Several other large investors have also made changes to their positions in XEL. Glenview Trust Co lifted its position in Xcel Energy by 38.7% during the third quarter. Glenview Trust Co now owns 8,582 shares of the company’s stock valued at $605,000 after purchasing an additional 2,393 shares during the period. China Universal Asset Management Co. Ltd. grew its position in Xcel Energy by 12.0% during the 3rd quarter. China Universal Asset Management Co. Ltd. now owns 21,049 shares of the company’s stock worth $1,499,000 after purchasing an additional 2,252 shares during the period. D.A. Davidson & CO. grew its position in Xcel Energy by 12.7% during the 3rd quarter. D.A. Davidson & CO. now owns 30,758 shares of the company’s stock worth $2,168,000 after purchasing an additional 3,464 shares during the period. BOKF NA grew its position in Xcel Energy by 30.9% during the 3rd quarter. BOKF NA now owns 21,938 shares of the company’s stock worth $1,546,000 after purchasing an additional 5,177 shares during the period. Finally, North Dakota State Investment Board raised its stake in shares of Xcel Energy by 8.7% during the 3rd quarter. North Dakota State Investment Board now owns 19,123 shares of the company’s stock valued at $1,348,000 after buying an additional 1,524 shares during the last quarter. 78.38% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several brokerages have recently issued reports on XEL. Barclays boosted their price objective on Xcel Energy from $85.00 to $94.00 and gave the company an “overweight” rating in a report on Monday. Scotiabank assumed coverage on Xcel Energy in a report on Tuesday, September 29th. They set a “sector outperform” rating and a $77.00 target price on the stock. BMO Capital Markets reduced their price target on Xcel Energy from $91.00 to $86.00 and set an “outperform” rating for the company in a research report on Tuesday, October 20th. Wall Street Zen cut shares of Xcel Energy from a “hold” rating to a “sell” rating in a research note on Saturday, October 31st. Finally, 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 research note on Tuesday, October 20th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, Xcel Energy presently has an average rating of “Buy” and a consensus target price of $90.71.
Get Our Latest Analysis on XEL
Xcel Energy Trading Up 2.2%
Shares of Xcel Energy stock opened at $80.50 on Thursday. The firm has a 50-day simple moving average of $74.84 and a two-hundred day simple moving average of $78.25. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.61 and a current ratio of 0.69. Xcel Energy Inc. has a fifty-two week low of $68.72 and a fifty-two week high of $84.23. The company has a market cap of $51.67 billion, a P/E ratio of 18.23, a price-to-earnings-growth ratio of 3.81 and a beta of 0.34.
Xcel Energy (NASDAQ:XEL – Get Free Report) last posted its earnings results on Wednesday, October 28th. The company reported $1.52 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $4.26 billion. During the same period last year, the firm earned $1.24 EPS. The company’s quarterly revenue was up 6.6% on a year-over-year basis. As a group, equities analysts predict that Xcel Energy Inc. will post 4.14 earnings per share for the current fiscal year.
About Xcel Energy
Xcel Energy Inc is a public utility holding company that provides electricity and natural gas services to residential, commercial, and industrial customers. Its operations include the generation, transmission, distribution, and sale of electricity, as well as the distribution and sale of natural gas.
The company serves customers across Colorado, Michigan, Minnesota, New Mexico, North Dakota, South Dakota, Texas, and Wisconsin through operating companies including Northern States Power, Public Service Company of Colorado, Southwestern Public Service Company, and NSP-Wisconsin.
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