BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Decreases Stock Holdings in Xcel Energy Inc. (NASDAQ:XEL)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp cut its stake in Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 12.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 92,718 shares of the company's stock after selling 13,660 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp's holdings in Xcel Energy were worth $6,054,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Integris Wealth Management LLC lifted its stake in Xcel Energy by 2.7% in the third quarter. Integris Wealth Management LLC now owns 6,163 shares of the company's stock worth $402,000 after acquiring an additional 163 shares during the period. Bond & Devick Financial Network Inc. lifted its stake in Xcel Energy by 1.1% in the third quarter. Bond & Devick Financial Network Inc. now owns 15,972 shares of the company's stock worth $1,043,000 after acquiring an additional 168 shares during the period. Gateway Wealth Partners LLC lifted its position in shares of Xcel Energy by 4.3% during the second quarter. Gateway Wealth Partners LLC now owns 4,413 shares of the company's stock valued at $236,000 after buying an additional 182 shares during the last quarter. Sumitomo Life Insurance Co. lifted its position in shares of Xcel Energy by 2.9% during the third quarter. Sumitomo Life Insurance Co. now owns 6,591 shares of the company's stock valued at $430,000 after buying an additional 183 shares during the last quarter. Finally, Dakota Wealth Management lifted its position in shares of Xcel Energy by 0.9% during the third quarter. Dakota Wealth Management now owns 22,979 shares of the company's stock valued at $1,500,000 after buying an additional 205 shares during the last quarter. 78.38% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have commented on XEL shares. Barclays increased their price target on shares of Xcel Energy from $67.00 to $71.00 and gave the company an "overweight" rating in a research report on Tuesday, November 26th. Morgan Stanley decreased their price target on shares of Xcel Energy from $74.00 to $72.00 and set an "equal weight" rating for the company in a research report on Friday, November 22nd. Jefferies Financial Group raised shares of Xcel Energy from a "hold" rating to a "buy" rating and increased their price target for the company from $71.00 to $76.00 in a research report on Friday, November 1st. UBS Group increased their price target on shares of Xcel Energy from $66.00 to $67.00 and gave the company a "neutral" rating in a research report on Friday, September 20th. Finally, Argus raised shares of Xcel Energy from a "hold" rating to a "buy" rating and set a $68.00 price target for the company in a research report on Monday, August 26th. Seven analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $66.62.

Xcel Energy Stock Performance

NASDAQ:XEL traded down $0.20 during midday trading on Tuesday, hitting $71.00. The company's stock had a trading volume of 2,672,526 shares, compared to its average volume of 4,137,534. Xcel Energy Inc. has a fifty-two week low of $46.79 and a fifty-two week high of $73.38. The firm's 50 day moving average is $66.51 and its 200-day moving average is $60.62. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.93 and a quick ratio of 0.82. The firm has a market cap of $40.77 billion, a P/E ratio of 21.07, a P/E/G ratio of 2.91 and a beta of 0.41.

Xcel Energy (NASDAQ:XEL - Get Free Report) last issued its quarterly earnings data on Thursday, October 31st. The company reported $1.25 EPS for the quarter, missing analysts' consensus estimates of $1.26 by ($0.01). The firm had revenue of $3.64 billion for the quarter, compared to analyst estimates of $3.93 billion. Xcel Energy had a return on equity of 10.76% and a net margin of 13.67%. Xcel Energy's revenue for the quarter was down .5% compared to the same quarter last year. During the same period in the previous year, the business earned $1.23 EPS. Equities analysts anticipate that Xcel Energy Inc. will post 3.54 earnings per share for the current fiscal 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.