Intact Investment Management Inc. grew its holdings in shares of Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 8.4% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 121,550 shares of the company's stock after purchasing an additional 9,400 shares during the quarter. Intact Investment Management Inc.'s holdings in Xcel Energy were worth $7,937,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. 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 position in shares of Xcel Energy during the second quarter valued at approximately $32,000. Kimelman & Baird LLC bought a new position in Xcel Energy in the 2nd quarter valued at $35,000. West Financial Advisors LLC bought a new stake in Xcel Energy during the 3rd quarter valued at about $43,000. Finally, Rothschild Investment LLC purchased a new stake in shares of Xcel Energy in the second quarter valued at approximately $37,000. 78.38% of the stock is currently owned by hedge funds and other institutional investors.
Xcel Energy Price Performance
Xcel Energy stock traded down $0.87 during trading on Monday, reaching $65.82. The company had a trading volume of 12,450,542 shares, compared to its average volume of 4,208,005. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.86 and a current ratio of 0.97. The firm's 50-day simple moving average is $63.61 and its 200 day simple moving average is $58.33. The firm has a market capitalization of $36.69 billion, a PE ratio of 19.79, a price-to-earnings-growth ratio of 2.94 and a beta of 0.38. Xcel Energy Inc. has a 1-year low of $46.79 and a 1-year high of $68.36.
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 for the quarter, missing the consensus estimate of $1.26 by ($0.01). Xcel Energy had a return on equity of 10.99% and a net margin of 13.67%. The company had revenue of $3.64 billion for the quarter, compared to analyst estimates of $3.93 billion. During the same quarter last year, the company earned $1.23 EPS. The firm's revenue for the quarter was down .5% on a year-over-year basis. As a group, equities research analysts anticipate that Xcel Energy Inc. will post 3.55 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Several research firms have recently commented on XEL. Wells Fargo & Company boosted their price target on shares of Xcel Energy from $63.00 to $66.00 and gave the company an "equal weight" rating in a report on Wednesday, October 16th. Barclays boosted their target price 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. Jefferies Financial Group raised Xcel Energy from a "hold" rating to a "buy" rating and increased their price objective for the company from $71.00 to $76.00 in a report on Friday. Morgan Stanley boosted their target price on shares of Xcel Energy from $68.00 to $73.00 and gave the company an "equal weight" rating in a research report on Wednesday, September 25th. Finally, UBS Group increased their price target on Xcel Energy from $66.00 to $67.00 and gave the stock a "neutral" rating in a research report on Friday, September 20th. Seven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $66.38.
View Our Latest Stock Report on Xcel Energy
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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