National Bank of Canada FI Sells 298,038 Shares of Xcel Energy Inc. (NASDAQ:XEL)

National Bank of Canada FI lessened its holdings in shares of Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 19.4% in the third quarter, according to its most recent filing with the SEC. The firm owned 1,236,933 shares of the company's stock after selling 298,038 shares during the quarter. National Bank of Canada FI owned about 0.22% of Xcel Energy worth $80,769,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Integris Wealth Management LLC lifted its holdings 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 purchasing an additional 163 shares during the period. Bond & Devick Financial Network Inc. lifted its stake in shares of Xcel Energy by 1.1% in the 3rd quarter. Bond & Devick Financial Network Inc. now owns 15,972 shares of the company's stock worth $1,043,000 after acquiring an additional 168 shares during the period. Gateway Wealth Partners LLC boosted its holdings in shares of Xcel Energy by 4.3% in the second quarter. Gateway Wealth Partners LLC now owns 4,413 shares of the company's stock valued at $236,000 after acquiring an additional 182 shares in the last quarter. Sumitomo Life Insurance Co. increased its stake in shares of Xcel Energy by 2.9% during the third quarter. Sumitomo Life Insurance Co. now owns 6,591 shares of the company's stock valued at $430,000 after acquiring an additional 183 shares during the period. Finally, Dakota Wealth Management raised its holdings in Xcel Energy by 0.9% during the third quarter. Dakota Wealth Management now owns 22,979 shares of the company's stock worth $1,500,000 after purchasing an additional 205 shares in the last quarter. Institutional investors own 78.38% of the company's stock.

Analyst Ratings Changes

XEL has been the subject of a number of research reports. Wells Fargo & Company increased their price target on Xcel Energy from $63.00 to $66.00 and gave the company an "equal weight" rating in a research note on Wednesday, October 16th. Barclays raised their target price on Xcel Energy from $67.00 to $71.00 and gave the company an "overweight" rating in a research note on Tuesday, November 26th. UBS Group boosted their price target on shares of Xcel Energy from $66.00 to $67.00 and gave the stock a "neutral" rating in a research report on Friday, September 20th. KeyCorp raised their price objective on shares of Xcel Energy from $74.00 to $79.00 and gave the company an "overweight" rating in a research report on Wednesday. Finally, Jefferies Financial Group upgraded 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 report on Friday, November 1st. Seven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, Xcel Energy presently has an average rating of "Moderate Buy" and an average target price of $67.00.

Xcel Energy Stock Down 1.6 %

Shares of Xcel Energy stock traded down $1.12 on Friday, hitting $69.74. 3,431,754 shares of the company traded hands, compared to its average volume of 3,060,143. The company has a quick ratio of 0.82, a current ratio of 0.93 and a debt-to-equity ratio of 1.42. Xcel Energy Inc. has a 12-month low of $46.79 and a 12-month high of $73.38. The company has a 50-day moving average price of $66.88 and a 200 day moving average price of $60.93. The company has a market cap of $40.05 billion, a PE ratio of 20.69, a PEG ratio of 2.89 and a beta of 0.41.

Xcel Energy (NASDAQ:XEL - Get Free Report) last issued its earnings results on Thursday, October 31st. The company reported $1.25 EPS for the quarter, missing analysts' consensus estimates of $1.26 by ($0.01). The firm had revenue of $3.64 billion during 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 revenue for the quarter was down .5% compared to the same quarter last year. During the same quarter last year, the firm earned $1.23 EPS. Sell-side analysts predict that Xcel Energy Inc. will post 3.54 earnings per share for the current 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.