Xcel Energy Inc. (NASDAQ:XEL) Shares Sold by Accredited Investors Inc.

Accredited Investors Inc. trimmed its stake in Xcel Energy Inc. (NASDAQ:XELFree Report) by 1.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 20,825 shares of the company’s stock after selling 376 shares during the quarter. Accredited Investors Inc.’s holdings in Xcel Energy were worth $1,360,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in XEL. Price T Rowe Associates Inc. MD raised its holdings in Xcel Energy by 770.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 7,552,625 shares of the company’s stock valued at $405,955,000 after buying an additional 6,684,499 shares during the period. Federated Hermes Inc. raised its stake in shares of Xcel Energy by 120.2% in the 2nd quarter. Federated Hermes Inc. now owns 2,379,615 shares of the company’s stock valued at $127,095,000 after acquiring an additional 1,299,025 shares during the period. American Century Companies Inc. lifted its holdings in shares of Xcel Energy by 130.4% during the 2nd quarter. American Century Companies Inc. now owns 2,084,345 shares of the company’s stock valued at $111,325,000 after acquiring an additional 1,179,823 shares in the last quarter. Zimmer Partners LP boosted its position in Xcel Energy by 1,765.0% during the 1st quarter. Zimmer Partners LP now owns 932,505 shares of the company’s stock worth $50,122,000 after purchasing an additional 882,505 shares during the period. Finally, Los Angeles Capital Management LLC increased its holdings in Xcel Energy by 725.1% in the 2nd quarter. Los Angeles Capital Management LLC now owns 907,030 shares of the company’s stock valued at $48,444,000 after purchasing an additional 797,096 shares in the last quarter. 78.38% of the stock is currently owned by institutional investors and hedge funds.

Xcel Energy Stock Performance

Shares of XEL stock opened at $69.46 on Friday. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.82 and a current ratio of 0.93. The stock has a market capitalization of $39.89 billion, a price-to-earnings ratio of 20.61, a PEG ratio of 2.84 and a beta of 0.38. Xcel Energy Inc. has a one year low of $46.79 and a one year high of $69.90. The company’s 50-day simple moving average is $64.76 and its 200-day simple moving average is $59.21.

Xcel Energy (NASDAQ:XELGet Free Report) last released its earnings results on Thursday, October 31st. The company reported $1.25 EPS for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.01). Xcel Energy had a return on equity of 10.76% and a net margin of 13.67%. The firm had revenue of $3.64 billion for the quarter, compared to the consensus estimate of $3.93 billion. During the same period in the prior year, the business earned $1.23 EPS. The company’s quarterly revenue was down .5% on a year-over-year basis. Equities analysts anticipate that Xcel Energy Inc. will post 3.55 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on XEL shares. Argus upgraded Xcel Energy from a “hold” rating to a “buy” rating and set a $68.00 price objective on the stock in a research note on Monday, August 26th. 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. Morgan Stanley increased their price objective on shares of Xcel Energy from $68.00 to $73.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 25th. KeyCorp boosted their target price on shares of Xcel Energy from $69.00 to $74.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. Finally, Jefferies Financial Group upgraded shares of Xcel Energy from a “hold” rating to a “buy” rating and upped their target price for the company from $71.00 to $76.00 in a research note on Friday, November 1st. Seven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, Xcel Energy currently has an average rating of “Moderate Buy” and a consensus target price of $66.38.

Check Out Our Latest Analysis on XEL

About Xcel Energy

(Free Report)

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.

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Institutional Ownership by Quarter for Xcel Energy (NASDAQ:XEL)

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