HITE Hedge Asset Management LLC raised its holdings in shares of Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 393.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 317,117 shares of the company's stock after acquiring an additional 252,793 shares during the period. Xcel Energy makes up about 2.4% of HITE Hedge Asset Management LLC's portfolio, making the stock its 13th biggest position. HITE Hedge Asset Management LLC owned about 0.06% of Xcel Energy worth $20,708,000 as of its most recent SEC filing.
Other large investors have also made changes to their positions in the company. Ashton Thomas Securities LLC acquired a new position in Xcel Energy in the third quarter valued at approximately $25,000. TruNorth Capital Management LLC purchased a new stake in Xcel Energy during the second quarter worth $30,000. American National Bank acquired a new stake in Xcel Energy during the second quarter valued at $32,000. Transcendent Capital Group LLC purchased a new position in Xcel Energy in the third quarter valued at $33,000. Finally, Kimelman & Baird LLC acquired a new position in shares of Xcel Energy in the second quarter worth about $35,000. 78.38% of the stock is owned by hedge funds and other institutional investors.
Xcel Energy Trading Down 0.3 %
Shares of NASDAQ:XEL traded down $0.20 during mid-day trading on Tuesday, reaching $71.00. 2,672,526 shares of the company were exchanged, compared to its average volume of 4,137,534. Xcel Energy Inc. has a 1 year low of $46.79 and a 1 year high of $73.38. 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's 50-day simple moving average is $66.23 and its 200 day simple moving average is $60.41. The firm has a market cap of $40.77 billion, a price-to-earnings 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 earnings per share for the quarter, missing analysts' consensus estimates of $1.26 by ($0.01). The firm had revenue of $3.64 billion during the quarter, compared to analyst estimates of $3.93 billion. Xcel Energy had a net margin of 13.67% and a return on equity of 10.76%. The company's quarterly revenue was down .5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.23 earnings per share. Equities research analysts forecast that Xcel Energy Inc. will post 3.54 EPS for the current year.
Analyst Ratings Changes
XEL has been the subject of several recent analyst reports. Argus upgraded Xcel Energy from a "hold" rating to a "buy" rating and set a $68.00 price target for the company in a research note on Monday, August 26th. UBS Group upped their price objective on shares of Xcel Energy from $66.00 to $67.00 and gave the stock a "neutral" rating in a research report on Friday, September 20th. Morgan Stanley lowered their price objective on Xcel Energy from $74.00 to $72.00 and set an "equal weight" rating on the stock in a report on Friday, November 22nd. Wells Fargo & Company boosted their price target on Xcel Energy from $63.00 to $66.00 and gave the stock an "equal weight" rating in a research report on Wednesday, October 16th. Finally, Barclays raised their price objective on Xcel Energy from $67.00 to $71.00 and gave the company an "overweight" rating in a report on Tuesday, November 26th. Seven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $66.62.
Check Out Our Latest Stock Analysis on XEL
About Xcel Energy
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Free Report)
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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