Xcel Energy Inc. (NASDAQ:XEL) Shares Bought by Aigen Investment Management LP

Aigen Investment Management LP grew its stake in shares of Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 384.8% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 27,015 shares of the company's stock after buying an additional 21,443 shares during the period. Aigen Investment Management LP's holdings in Xcel Energy were worth $1,764,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in XEL. Price T Rowe Associates Inc. MD lifted its stake 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 worth $405,955,000 after acquiring an additional 6,684,499 shares during the period. Mitsubishi UFJ Trust & Banking Corp increased its stake in shares of Xcel Energy by 1.8% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 4,186,101 shares of the company's stock worth $223,264,000 after purchasing an additional 74,690 shares during the last quarter. Federated Hermes Inc. increased its stake in shares of Xcel Energy by 120.2% during the 2nd quarter. Federated Hermes Inc. now owns 2,379,615 shares of the company's stock worth $127,095,000 after purchasing an additional 1,299,025 shares during the last quarter. American Century Companies Inc. boosted 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 worth $111,325,000 after buying an additional 1,179,823 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Xcel Energy by 10.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,854,333 shares of the company's stock worth $99,046,000 after acquiring an additional 174,653 shares during the period. Institutional investors and hedge funds own 78.38% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on XEL shares. Wells Fargo & Company raised their price objective on shares of Xcel Energy from $63.00 to $66.00 and gave the company an "equal weight" rating in a research report on Wednesday, October 16th. UBS Group lifted their price target on shares of Xcel Energy from $66.00 to $67.00 and gave the company a "neutral" rating in a research note on Friday, September 20th. KeyCorp lifted their price objective 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 boosted their target price on shares of Xcel Energy from $57.00 to $67.00 and gave the stock an "overweight" rating in a report on Monday, October 21st. Finally, Argus upgraded shares of Xcel Energy from a "hold" rating to a "buy" rating and set a $68.00 price objective on the stock in a report on Monday, August 26th. Seven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $66.38.

Xcel Energy Price Performance

Shares of NASDAQ XEL traded down $0.04 during midday trading on Tuesday, hitting $68.61. 5,336,570 shares of the company's stock were exchanged, compared to its average volume of 4,223,396. Xcel Energy Inc. has a 12-month low of $46.79 and a 12-month high of $69.35. The company has a current ratio of 0.93, a quick ratio of 0.82 and a debt-to-equity ratio of 1.42. The company has a market cap of $39.40 billion, a price-to-earnings ratio of 20.37, a PEG ratio of 2.75 and a beta of 0.38. The business's fifty day moving average price is $64.29 and its two-hundred day moving average price is $58.83.

Xcel Energy (NASDAQ:XEL - Get Free Report) last released its quarterly earnings data on Thursday, October 31st. The company reported $1.25 earnings per share for the quarter, missing analysts' consensus estimates of $1.26 by ($0.01). The company had revenue of $3.64 billion for the quarter, compared to analysts' expectations of $3.93 billion. Xcel Energy had a net margin of 13.67% and a return on equity of 10.76%. The business's revenue for the quarter was down .5% compared to the same quarter last year. During the same period last year, the company posted $1.23 EPS. As a group, research analysts forecast that Xcel Energy Inc. will post 3.55 EPS for the current fiscal year.

Xcel Energy 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.