Fmr LLC Reduces Position in Xcel Energy Inc. (NASDAQ:XEL)

FMR LLC trimmed its holdings in Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 14.4% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 3,026,608 shares of the company's stock after selling 510,783 shares during the quarter. FMR LLC owned 0.53% of Xcel Energy worth $197,637,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Integris Wealth Management LLC raised its stake in shares of Xcel Energy by 2.7% during the third quarter. Integris Wealth Management LLC now owns 6,163 shares of the company's stock valued at $402,000 after acquiring an additional 163 shares during the last quarter. Bond & Devick Financial Network Inc. increased its stake in shares of Xcel Energy by 1.1% during the third quarter. Bond & Devick Financial Network Inc. now owns 15,972 shares of the company's stock valued at $1,043,000 after buying an additional 168 shares during the period. Gateway Wealth Partners LLC increased its stake 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 period. Sumitomo Life Insurance Co. raised its holdings 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 acquiring an additional 183 shares in the last quarter. Finally, Dakota Wealth Management lifted its stake in Xcel Energy by 0.9% in the third quarter. Dakota Wealth Management now owns 22,979 shares of the company's stock worth $1,500,000 after acquiring an additional 205 shares during the period. Hedge funds and other institutional investors own 78.38% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on XEL. Wells Fargo & Company boosted 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. KeyCorp raised their price objective on shares of Xcel Energy from $69.00 to $74.00 and gave the stock an "overweight" rating in a report on Friday, November 1st. Argus raised Xcel Energy from a "hold" rating to a "buy" rating and set a $68.00 target price for the company in a research report on Monday, August 26th. Morgan Stanley dropped their price target on Xcel Energy from $74.00 to $72.00 and set an "equal weight" rating on the stock in a research report on Friday, November 22nd. Finally, Barclays boosted their price target on Xcel Energy from $67.00 to $71.00 and gave the stock an "overweight" rating in a research report on Tuesday, November 26th. Seven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $66.62.

Xcel Energy Stock Performance

Shares of XEL stock traded up $0.23 on Tuesday, reaching $71.43. The stock had a trading volume of 702,661 shares, compared to its average volume of 4,128,799. 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 Inc. has a 1 year low of $46.79 and a 1 year high of $73.38. The stock has a market cap of $41.02 billion, a P/E ratio of 21.13, a price-to-earnings-growth ratio of 2.97 and a beta of 0.41. The company has a 50 day simple moving average of $66.23 and a 200 day simple moving average of $60.41.

Xcel Energy (NASDAQ:XEL - Get Free Report) last issued its quarterly earnings data 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). The business had revenue of $3.64 billion for the quarter, compared to the consensus estimate of $3.93 billion. Xcel Energy had a net margin of 13.67% and a return on equity of 10.76%. The company's revenue was down .5% on a year-over-year basis. During the same period in the previous year, the firm earned $1.23 EPS. Equities research analysts expect that Xcel Energy Inc. will post 3.54 EPS 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.