Xcel Energy Inc. (NASDAQ:XEL) Shares Bought by HITE Hedge Asset Management LLC

HITE Hedge Asset Management LLC increased its position in Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 393.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 317,117 shares of the company's stock after buying an additional 252,793 shares during the period. Xcel Energy accounts for about 2.4% of HITE Hedge Asset Management LLC's investment portfolio, making the stock its 13th biggest position. HITE Hedge Asset Management LLC owned about 0.06% of Xcel Energy worth $20,708,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in XEL. Integris Wealth Management LLC grew its position 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 in the last quarter. Bond & Devick Financial Network Inc. raised its holdings in Xcel Energy by 1.1% during the 3rd 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 lifted its position in Xcel Energy by 4.3% in the second quarter. Gateway Wealth Partners LLC now owns 4,413 shares of the company's stock worth $236,000 after buying an additional 182 shares during the last quarter. Sumitomo Life Insurance Co. boosted its stake in Xcel Energy by 2.9% during the third quarter. Sumitomo Life Insurance Co. now owns 6,591 shares of the company's stock worth $430,000 after buying an additional 183 shares during the period. Finally, Dakota Wealth Management increased its position in 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 acquiring an additional 205 shares during the last quarter. 78.38% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on XEL shares. KeyCorp lifted their price target on shares of Xcel Energy from $69.00 to $74.00 and gave the stock an "overweight" rating in a research note on Friday, November 1st. Morgan Stanley reduced their price target 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. Argus upgraded Xcel Energy from a "hold" rating to a "buy" rating and set a $68.00 price objective for the company in a report on Monday, August 26th. Wells Fargo & Company boosted their target price on shares of Xcel Energy from $63.00 to $66.00 and gave the company an "equal weight" rating in a research note on Wednesday, October 16th. Finally, Jefferies Financial Group raised shares of Xcel Energy from a "hold" rating to a "buy" rating and raised their price target for the stock from $71.00 to $76.00 in a research note on Friday, November 1st. Seven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat, Xcel Energy presently has an average rating of "Moderate Buy" and a consensus target price of $66.62.

Xcel Energy Stock Down 0.3 %

Shares of XEL traded down $0.20 during trading hours on Tuesday, hitting $71.00. The company had a trading volume of 2,672,526 shares, compared to its average volume of 4,137,534. Xcel Energy Inc. has a one year low of $46.79 and a one year high of $73.38. The company's fifty day moving average price is $66.23 and its two-hundred day moving average price is $60.41. The company has a market capitalization of $40.77 billion, a PE ratio of 21.07, a price-to-earnings-growth ratio of 2.91 and a beta of 0.41. The company has a current ratio of 0.93, a quick ratio of 0.82 and a debt-to-equity ratio of 1.42.

Xcel Energy (NASDAQ:XEL - Get Free Report) last released its quarterly 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). The firm had revenue of $3.64 billion for the quarter, compared to analysts' expectations of $3.93 billion. Xcel Energy had a net margin of 13.67% and a return on equity of 10.76%. The business's quarterly revenue was down .5% compared to the same quarter last year. During the same period in the previous year, the company posted $1.23 earnings per share. As a group, equities analysts forecast that Xcel Energy Inc. will post 3.54 earnings per share 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.