Amalgamated Bank Has $7.14 Million Stock Position in Xcel Energy Inc. (NASDAQ:XEL)

Amalgamated Bank lessened its holdings in Xcel Energy Inc. (NASDAQ:XEL) by 2.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 109,356 shares of the company’s stock after selling 2,761 shares during the period. Amalgamated Bank’s holdings in Xcel Energy were worth $7,141,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. TruNorth Capital Management LLC bought a new position in shares of Xcel Energy in the second quarter valued at approximately $30,000. American National Bank bought a new position in Xcel Energy in the 2nd quarter worth $32,000. Kimelman & Baird LLC acquired a new position in Xcel Energy during the 2nd quarter worth $35,000. West Financial Advisors LLC acquired a new stake in shares of Xcel Energy in the third quarter valued at about $43,000. Finally, Rothschild Investment LLC bought a new position in shares of Xcel Energy in the second quarter worth about $37,000. 78.38% of the stock is currently owned by institutional investors.

Xcel Energy Price Performance

XEL opened at $66.49 on Thursday. The company’s 50 day simple moving average is $63.92 and its 200-day simple moving average is $58.55. The stock has a market capitalization of $38.18 billion, a P/E ratio of 19.73, a price-to-earnings-growth ratio of 2.69 and a beta of 0.38. Xcel Energy Inc. has a one year low of $46.79 and a one year high of $68.36. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.93 and a quick ratio of 0.82.

Xcel Energy (NASDAQ:XEL) last announced its quarterly earnings data on Thursday, October 31st. The company reported $1.25 earnings per share for the quarter, missing the consensus estimate of $1.26 by ($0.01). The firm 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 10.76% and a net margin of 13.67%. The business’s revenue for the quarter was down .5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.23 earnings per share. Sell-side analysts anticipate that Xcel Energy Inc. will post 3.55 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. UBS Group raised their price objective on shares of Xcel Energy from $66.00 to $67.00 and gave the stock a “neutral” rating in a research note on Friday, September 20th. Wells Fargo & Company raised their price target on shares of Xcel Energy from $63.00 to $66.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 16th. Barclays increased their target price on shares of Xcel Energy from $57.00 to $67.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. KeyCorp lifted their target price on Xcel Energy from $69.00 to $74.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. Finally, Argus raised Xcel Energy from a “hold” rating to a “buy” rating and set a $68.00 price target for the company in a report on Monday, August 26th. Seven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $66.38.

Xcel Energy Company Profile

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.