Xcel Energy Inc. (NASDAQ:XEL) Shares Bought by First Trust Direct Indexing L.P.

First Trust Direct Indexing L.P. lifted its holdings in shares of Xcel Energy Inc. (NASDAQ:XEL) by 41.7% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,327 shares of the company’s stock after purchasing an additional 3,923 shares during the quarter. First Trust Direct Indexing L.P.’s holdings in Xcel Energy were worth $870,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD boosted its holdings in shares of Xcel Energy by 770.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 7,552,625 shares of the company’s stock valued at $405,955,000 after purchasing an additional 6,684,499 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp grew its position in Xcel Energy by 1.8% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 4,186,101 shares of the company’s stock valued at $223,264,000 after acquiring an additional 74,690 shares during the period. Federated Hermes Inc. increased its stake in Xcel Energy by 120.2% during the second quarter. Federated Hermes Inc. now owns 2,379,615 shares of the company’s stock worth $127,095,000 after acquiring an additional 1,299,025 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of Xcel Energy by 130.4% in the 2nd quarter. American Century Companies Inc. now owns 2,084,345 shares of the company’s stock worth $111,325,000 after purchasing an additional 1,179,823 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Xcel Energy by 10.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,854,333 shares of the company’s stock valued at $99,046,000 after purchasing an additional 174,653 shares in the last quarter. 78.38% of the stock is currently owned by hedge funds and other institutional investors.

Xcel Energy Trading Down 0.2 %

NASDAQ XEL opened at $66.69 on Friday. The company has a market capitalization of $37.18 billion, a price-to-earnings ratio of 19.91, a price-to-earnings-growth ratio of 2.77 and a beta of 0.39. The company has a debt-to-equity ratio of 1.54, a current ratio of 0.97 and a quick ratio of 0.86. Xcel Energy Inc. has a 12 month low of $46.79 and a 12 month high of $68.36. The company’s fifty day moving average price is $63.61 and its two-hundred day moving average price is $58.25.

Xcel Energy (NASDAQ:XEL) last issued its quarterly earnings results on Thursday, October 31st. The company reported $1.25 EPS for the quarter, missing the consensus estimate of $1.31 by ($0.06). The company had revenue of $3.64 billion for the quarter, compared to the consensus estimate of $3.93 billion. Xcel Energy had a return on equity of 10.94% and a net margin of 13.46%. The business’s revenue for the quarter was down .5% on a year-over-year basis. During the same period in the previous year, the business posted $1.23 EPS. As a group, research analysts predict that Xcel Energy Inc. will post 3.55 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Wells Fargo & Company lifted their target price on shares of Xcel Energy from $63.00 to $66.00 and gave the company an “equal weight” rating in a report on Wednesday, October 16th. Barclays boosted their price objective on Xcel Energy from $57.00 to $67.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. Morgan Stanley increased their target price on Xcel Energy from $68.00 to $73.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 25th. UBS Group boosted their price target on Xcel Energy from $66.00 to $67.00 and gave the stock a “neutral” rating in a research report on Friday, September 20th. Finally, KeyCorp increased their price objective on shares of Xcel Energy from $69.00 to $74.00 and gave the company an “overweight” rating in a research report on Friday. Seven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $66.38.

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.