Curi RMB Capital LLC lifted its holdings in Xcel Energy Inc. (NASDAQ:XEL – Free Report) by 14.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,218 shares of the company’s stock after purchasing an additional 676 shares during the quarter. Curi RMB Capital LLC’s holdings in Xcel Energy were worth $341,000 as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD increased its position in shares of Xcel Energy by 770.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 7,552,625 shares of the company’s stock worth $405,955,000 after purchasing an additional 6,684,499 shares during the last quarter. Federated Hermes Inc. grew its stake in shares of Xcel Energy by 120.2% in the second quarter. Federated Hermes Inc. now owns 2,379,615 shares of the company’s stock valued at $127,095,000 after buying an additional 1,299,025 shares in the last quarter. American Century Companies Inc. raised its position in Xcel Energy by 130.4% during the second quarter. American Century Companies Inc. now owns 2,084,345 shares of the company’s stock worth $111,325,000 after acquiring an additional 1,179,823 shares in the last quarter. Zimmer Partners LP lifted its stake in Xcel Energy by 1,765.0% in the first quarter. Zimmer Partners LP now owns 932,505 shares of the company’s stock valued at $50,122,000 after acquiring an additional 882,505 shares during the last quarter. Finally, Los Angeles Capital Management LLC lifted its stake in Xcel Energy by 725.1% in the second quarter. Los Angeles Capital Management LLC now owns 907,030 shares of the company’s stock valued at $48,444,000 after acquiring an additional 797,096 shares during the last quarter. Institutional investors own 78.38% of the company’s stock.
Wall Street Analyst Weigh In
A number of brokerages have recently issued reports on XEL. KeyCorp upped their target price on shares of Xcel Energy from $69.00 to $74.00 and gave the company an “overweight” rating in a report on Friday, November 1st. Barclays upped their price objective on Xcel Energy from $57.00 to $67.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. UBS Group lifted their target price on Xcel Energy from $66.00 to $67.00 and gave the stock a “neutral” rating in a research note on Friday, September 20th. Morgan Stanley increased their price target 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. Finally, Wells Fargo & Company lifted their price objective 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. Seven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $66.38.
Xcel Energy Trading Up 0.8 %
XEL stock opened at $69.46 on Friday. Xcel Energy Inc. has a 52 week low of $46.79 and a 52 week high of $69.90. The company has a market capitalization of $39.89 billion, a PE ratio of 20.61, a price-to-earnings-growth ratio of 2.80 and a beta of 0.38. The company’s 50-day simple moving average is $64.76 and its 200 day simple moving average is $59.21. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.82 and a current ratio of 0.93.
Xcel Energy (NASDAQ:XEL – Get Free Report) last announced its earnings results on Thursday, October 31st. The company reported $1.25 earnings per share (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 business had revenue of $3.64 billion for the quarter, compared to analyst estimates of $3.93 billion. During the same quarter in the previous year, the company earned $1.23 EPS. The business’s revenue for the quarter was down .5% on a year-over-year basis. As a group, sell-side analysts anticipate that Xcel Energy Inc. will post 3.55 earnings per share for the current year.
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.
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