Intech Investment Management LLC lessened its position in shares of Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 24.0% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 230,151 shares of the company's stock after selling 72,805 shares during the quarter. Intech Investment Management LLC's holdings in Xcel Energy were worth $15,029,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. Ashton Thomas Securities LLC acquired a new position in Xcel Energy during the 3rd quarter worth $25,000. TruNorth Capital Management LLC purchased a new position in shares of Xcel Energy during the 2nd quarter worth $30,000. American National Bank purchased a new position in shares of Xcel Energy in the 2nd quarter worth $32,000. Transcendent Capital Group LLC acquired a new stake in Xcel Energy in the 3rd quarter valued at $33,000. Finally, Kimelman & Baird LLC acquired a new stake in shares of Xcel Energy during the second quarter valued at about $35,000. Hedge funds and other institutional investors own 78.38% of the company's stock.
Xcel Energy Price Performance
Shares of Xcel Energy stock traded down $0.03 on Friday, reaching $71.35. The company's stock had a trading volume of 2,064,894 shares, compared to its average volume of 4,178,260. 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 stock has a 50-day moving average price of $65.27 and a 200-day moving average price of $59.63. The company has a market capitalization of $40.97 billion, a P/E ratio of 21.22, a PEG ratio of 2.84 and a beta of 0.38. Xcel Energy Inc. has a 52-week low of $46.79 and a 52-week high of $71.79.
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 (EPS) for the quarter, missing analysts' consensus estimates 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 return on equity of 10.76% and a net margin of 13.67%. The company's quarterly revenue was down .5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.23 EPS. Analysts expect that Xcel Energy Inc. will post 3.55 EPS for the current year.
Analyst Ratings Changes
A number of research firms have recently weighed in on XEL. Wells Fargo & Company lifted their price target on Xcel Energy from $63.00 to $66.00 and gave the company an "equal weight" rating in a report on Wednesday, October 16th. Barclays lifted their price objective on shares of Xcel Energy from $57.00 to $67.00 and gave the stock an "overweight" rating in a research report on Monday, October 21st. Morgan Stanley decreased their target price on shares of Xcel Energy from $74.00 to $72.00 and set an "equal weight" rating for the company in a research note on Friday. KeyCorp lifted their price objective on shares of Xcel Energy from $69.00 to $74.00 and gave the company an "overweight" rating in a research note on Friday, November 1st. Finally, Jefferies Financial Group raised shares of Xcel Energy from a "hold" rating to a "buy" rating and boosted their target price for the stock from $71.00 to $76.00 in a research report on Friday, November 1st. 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.com, Xcel Energy has an average rating of "Moderate Buy" and a consensus target price of $66.31.
Read Our Latest Report on XEL
About Xcel Energy
(
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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