Commerce Bank Sells 7,890 Shares of Xcel Energy Inc. (NASDAQ:XEL)

Commerce Bank decreased its position in Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 4.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 176,983 shares of the company's stock after selling 7,890 shares during the quarter. Commerce Bank's holdings in Xcel Energy were worth $11,557,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Czech National Bank increased its position in Xcel Energy by 9.1% during the 2nd quarter. Czech National Bank now owns 105,882 shares of the company's stock worth $5,655,000 after buying an additional 8,790 shares during the period. Cetera Investment Advisers raised its stake in Xcel Energy by 165.0% in the 1st quarter. Cetera Investment Advisers now owns 107,344 shares of the company's stock worth $5,770,000 after purchasing an additional 66,840 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its holdings in Xcel Energy by 21.6% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 61,167 shares of the company's stock valued at $3,267,000 after purchasing an additional 10,851 shares during the period. Simplicity Wealth LLC grew its position in shares of Xcel Energy by 60.3% during the 2nd quarter. Simplicity Wealth LLC now owns 22,999 shares of the company's stock worth $1,228,000 after purchasing an additional 8,656 shares in the last quarter. Finally, Raymond James & Associates grew its position in shares of Xcel Energy by 83.5% during the 2nd quarter. Raymond James & Associates now owns 1,103,809 shares of the company's stock worth $58,954,000 after purchasing an additional 502,231 shares in the last quarter. 78.38% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. UBS Group increased 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. Argus upgraded Xcel Energy from a "hold" rating to a "buy" rating and set a $68.00 price target on the stock in a research report on Monday, August 26th. Jefferies Financial Group raised shares of Xcel Energy from a "hold" rating to a "buy" rating and upped their price objective for the stock from $71.00 to $76.00 in a research report on Friday, November 1st. Barclays raised their target price on shares of Xcel Energy from $57.00 to $67.00 and gave the company an "overweight" rating in a report on Monday, October 21st. Finally, Morgan Stanley upped their price target on shares of Xcel Energy from $68.00 to $73.00 and gave the stock an "equal weight" rating in a report on Wednesday, September 25th. Seven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $66.38.

Xcel Energy Trading Up 0.7 %

Shares of XEL stock opened at $70.05 on Thursday. Xcel Energy Inc. has a twelve month low of $46.79 and a twelve month high of $70.42. The stock's fifty day simple moving average is $65.13 and its 200 day simple moving average is $59.55. The company has a quick ratio of 0.82, a current ratio of 0.93 and a debt-to-equity ratio of 1.42. The firm has a market capitalization of $40.23 billion, a P/E ratio of 20.79, a P/E/G ratio of 2.84 and a beta of 0.38.

Xcel Energy (NASDAQ:XEL - Get Free Report) last released its quarterly earnings results 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% on a year-over-year basis. During the same quarter last year, the firm posted $1.23 earnings per share. As a group, sell-side analysts predict that Xcel Energy Inc. will post 3.55 EPS for the current fiscal year.

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.

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