US Bancorp DE Trims Stock Position in Xcel Energy Inc. (NASDAQ:XEL)

US Bancorp DE lowered its position in shares of Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 4.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 348,852 shares of the company's stock after selling 15,272 shares during the period. US Bancorp DE owned about 0.06% of Xcel Energy worth $22,780,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. TruNorth Capital Management LLC acquired a new stake in Xcel Energy during the 2nd quarter worth $30,000. American National Bank purchased a new position in shares of Xcel Energy during the second quarter worth about $32,000. Kimelman & Baird LLC acquired a new position in Xcel Energy in the 2nd quarter valued at about $35,000. West Financial Advisors LLC purchased a new stake in Xcel Energy during the 3rd quarter valued at approximately $43,000. Finally, Rothschild Investment LLC acquired a new stake in Xcel Energy during the 2nd quarter worth approximately $37,000. 78.38% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

XEL has been the subject of several analyst reports. Barclays upped their price target on Xcel Energy from $57.00 to $67.00 and gave the stock an "overweight" rating in a research note on Monday, October 21st. Argus raised shares of Xcel Energy from a "hold" rating to a "buy" rating and set a $68.00 price objective on the stock in a research note on Monday, August 26th. Morgan Stanley raised their target price on shares of Xcel Energy from $68.00 to $73.00 and gave the stock an "equal weight" rating in a research note 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 stock from $71.00 to $76.00 in a research note on Friday. Finally, Wells Fargo & Company increased their price target on shares of Xcel Energy from $63.00 to $66.00 and gave the stock an "equal weight" rating in a report on Wednesday, October 16th. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $66.38.

Xcel Energy Price Performance

NASDAQ XEL traded down $0.12 during mid-day trading on Friday, hitting $66.69. The stock had a trading volume of 6,860,953 shares, compared to its average volume of 3,615,531. The company has a 50 day simple moving average of $63.61 and a 200 day simple moving average of $58.29. The company has a quick ratio of 0.86, a current ratio of 0.97 and a debt-to-equity ratio of 1.54. The company has a market cap of $37.18 billion, a price-to-earnings ratio of 19.79, a P/E/G ratio of 2.94 and a beta of 0.38. Xcel Energy Inc. has a 52-week low of $46.79 and a 52-week high of $68.36.

Xcel Energy (NASDAQ:XEL - Get Free Report) last announced its earnings results on Thursday, October 31st. The company reported $1.25 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.31 by ($0.06). The business had revenue of $3.64 billion for the quarter, compared to analyst estimates of $3.93 billion. Xcel Energy had a return on equity of 10.99% and a net margin of 13.67%. The business'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. Equities analysts forecast that Xcel Energy Inc. will post 3.55 EPS for the current fiscal year.

Xcel Energy 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.