Los Angeles Capital Management LLC Reduces Stock Holdings in Xcel Energy Inc. (NASDAQ:XEL)

Los Angeles Capital Management LLC lowered its position in Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 74.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 231,416 shares of the company's stock after selling 675,614 shares during the period. Los Angeles Capital Management LLC's holdings in Xcel Energy were worth $15,111,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of the business. Transcendent Capital Group LLC purchased a new position in Xcel Energy in the 3rd quarter worth about $33,000. TruNorth Capital Management LLC bought a new stake in shares of Xcel Energy during the second quarter valued at approximately $30,000. American National Bank purchased a new stake in shares of Xcel Energy in the second quarter valued at approximately $32,000. Kimelman & Baird LLC bought a new position in Xcel Energy in the second quarter worth approximately $35,000. Finally, West Financial Advisors LLC purchased a new position in Xcel Energy during the 3rd quarter worth $43,000. Hedge funds and other institutional investors own 78.38% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on XEL. KeyCorp increased their price target on Xcel Energy from $69.00 to $74.00 and gave the stock an "overweight" rating in a research report on Friday, November 1st. Morgan Stanley increased their target price on shares of Xcel Energy from $68.00 to $73.00 and gave the stock an "equal weight" rating in a report on Wednesday, September 25th. Jefferies Financial Group upgraded shares of Xcel Energy from a "hold" rating to a "buy" rating and boosted their price target for the company from $71.00 to $76.00 in a report on Friday, November 1st. Barclays lifted their price objective on shares of Xcel Energy from $57.00 to $67.00 and gave the company an "overweight" rating in a report on Monday, October 21st. Finally, Wells Fargo & Company boosted their price objective on shares of Xcel Energy from $63.00 to $66.00 and gave the stock an "equal weight" rating in a research note on Wednesday, October 16th. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $66.38.

Xcel Energy Stock Up 1.9 %

XEL stock traded up $1.28 on Monday, hitting $68.65. 3,111,032 shares of the company's stock were exchanged, compared to its average volume of 4,218,202. The firm has a 50 day moving average price of $64.14 and a two-hundred day moving average price of $58.74. Xcel Energy Inc. has a 12-month low of $46.79 and a 12-month high of $68.82. The stock has a market cap of $39.42 billion, a P/E ratio of 19.99, a price-to-earnings-growth ratio of 2.75 and a beta of 0.38. 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 issued its quarterly earnings results 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 business 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%. Xcel Energy's revenue was down .5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.23 EPS. As a group, equities research analysts expect that Xcel Energy Inc. will post 3.55 EPS for the current fiscal 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.