Nomura Asset Management Co. Ltd. Has $12.40 Million Holdings in Xcel Energy Inc. (NASDAQ:XEL)

Nomura Asset Management Co. Ltd. grew its holdings in Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 7.0% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 189,954 shares of the company's stock after buying an additional 12,477 shares during the quarter. Nomura Asset Management Co. Ltd.'s holdings in Xcel Energy were worth $12,404,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. State Street Corp raised its position in Xcel Energy by 6.7% in the 3rd quarter. State Street Corp now owns 37,143,025 shares of the company's stock worth $2,445,477,000 after purchasing an additional 2,323,448 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of Xcel Energy by 6.2% during the third quarter. Massachusetts Financial Services Co. MA now owns 15,190,756 shares of the company's stock worth $991,956,000 after acquiring an additional 892,740 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Xcel Energy by 2.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,417,615 shares of the company's stock valued at $223,170,000 after acquiring an additional 67,820 shares during the last quarter. Brookfield Corp ON boosted its holdings in Xcel Energy by 520.1% in the third quarter. Brookfield Corp ON now owns 2,509,031 shares of the company's stock valued at $163,840,000 after acquiring an additional 2,104,405 shares during the last quarter. Finally, Federated Hermes Inc. raised its holdings in Xcel Energy by 120.2% during the 2nd quarter. Federated Hermes Inc. now owns 2,379,615 shares of the company's stock worth $127,095,000 after purchasing an additional 1,299,025 shares during the last quarter. 78.38% of the stock is owned by institutional investors.

Xcel Energy Stock Up 0.2 %

Shares of NASDAQ:XEL traded up $0.13 during midday trading on Thursday, reaching $68.49. 2,574,404 shares of the company were exchanged, compared to its average volume of 4,100,681. The firm has a market cap of $39.33 billion, a PE ratio of 20.28, a P/E/G ratio of 2.86 and a beta of 0.41. Xcel Energy Inc. has a fifty-two week low of $46.79 and a fifty-two week high of $73.38. The stock has a fifty day simple moving average of $67.10 and a two-hundred day simple moving average of $61.19. 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 (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 the consensus estimate of $1.26 by ($0.01). The firm had revenue of $3.64 billion during the quarter, compared to analyst estimates 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 period in the prior year, the business earned $1.23 EPS. As a group, sell-side analysts forecast that Xcel Energy Inc. will post 3.54 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on XEL. JPMorgan Chase & Co. raised shares of Xcel Energy from a "neutral" rating to an "overweight" rating and raised their target price for the company from $69.00 to $80.00 in a research note on Thursday. Jefferies Financial Group upgraded shares of Xcel Energy from a "hold" rating to a "buy" rating and upped their target price for the company from $71.00 to $76.00 in a research report on Friday, November 1st. KeyCorp lifted their price objective on Xcel Energy from $74.00 to $79.00 and gave the stock an "overweight" rating in a research note on Wednesday, December 4th. UBS Group increased their target price on Xcel Energy from $66.00 to $67.00 and gave the company a "neutral" rating in a research note on Friday, September 20th. Finally, Morgan Stanley decreased their target price on Xcel Energy from $74.00 to $72.00 and set an "equal weight" rating for the company in a research report on Friday, November 22nd. Six equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $68.62.

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.