Copley Financial Group Inc. Purchases New Holdings in Xcel Energy Inc. (NASDAQ:XEL)

Copley Financial Group Inc. acquired a new position in Xcel Energy Inc. (NASDAQ:XEL - Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 8,144 shares of the company's stock, valued at approximately $532,000.

Several other institutional investors also recently modified their holdings of XEL. State Street Corp boosted its holdings in shares of Xcel Energy by 6.7% in the 3rd quarter. State Street Corp now owns 37,143,025 shares of the company's stock worth $2,445,477,000 after purchasing an additional 2,323,448 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in Xcel Energy by 6.2% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 15,190,756 shares of the company's stock worth $991,956,000 after buying an additional 892,740 shares during the last quarter. Geode Capital Management LLC lifted its position in Xcel Energy by 1.8% in the 3rd quarter. Geode Capital Management LLC now owns 14,562,103 shares of the company's stock worth $952,091,000 after buying an additional 262,191 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Xcel Energy by 2.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,417,615 shares of the company's stock worth $223,170,000 after buying an additional 67,820 shares in the last quarter. Finally, Brookfield Corp ON grew its position in Xcel Energy by 520.1% during the third quarter. Brookfield Corp ON now owns 2,509,031 shares of the company's stock valued at $163,840,000 after acquiring an additional 2,104,405 shares during the last quarter. 78.38% of the stock is currently owned by institutional investors.

Xcel Energy Trading Down 0.5 %

XEL stock traded down $0.37 on Friday, reaching $68.12. The company's stock had a trading volume of 2,253,986 shares, compared to its average volume of 4,093,029. The firm has a market cap of $39.12 billion, a PE ratio of 20.21, a PEG ratio of 2.80 and a beta of 0.41. The business has a fifty day simple moving average of $67.27 and a two-hundred day simple moving average of $61.34. Xcel Energy Inc. has a 12-month low of $46.79 and a 12-month high of $73.38. 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 posted its earnings results on Thursday, October 31st. The company reported $1.25 EPS for the quarter, missing the consensus estimate of $1.26 by ($0.01). Xcel Energy had a return on equity of 10.76% and a net margin of 13.67%. The company had revenue of $3.64 billion during the quarter, compared to analysts' expectations of $3.93 billion. During the same period in the prior year, the business posted $1.23 earnings per share. The company's revenue for the quarter was down .5% on a year-over-year basis. As a group, research analysts forecast that Xcel Energy Inc. will post 3.54 EPS for the current year.

Analyst Upgrades and Downgrades

XEL has been the subject of a number of research reports. Argus raised shares of Xcel Energy from a "hold" rating to a "buy" rating and set a $68.00 price objective for the company in a research note on Monday, August 26th. Jefferies Financial Group upgraded shares of Xcel Energy from a "hold" rating to a "buy" rating and upped their price target for the company from $71.00 to $76.00 in a research report on Friday, November 1st. Barclays raised their price objective on Xcel Energy from $67.00 to $71.00 and gave the company an "overweight" rating in a research note on Tuesday, November 26th. Morgan Stanley lowered their target price on Xcel Energy from $74.00 to $72.00 and set an "equal weight" rating for the company in a research note on Friday, November 22nd. Finally, UBS Group raised 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. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $68.62.

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.