Ontario Teachers Pension Plan Board Has $2.87 Million Stock Holdings in Xcel Energy Inc. (NASDAQ:XEL)

Ontario Teachers Pension Plan Board cut its stake in shares of Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 67.2% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 43,969 shares of the company's stock after selling 90,214 shares during the period. Ontario Teachers Pension Plan Board's holdings in Xcel Energy were worth $2,871,000 as of its most recent filing with the SEC.

A number of other large investors also recently made changes to their positions in XEL. Ashton Thomas Securities LLC bought a new position in Xcel Energy during the 3rd quarter worth $25,000. TruNorth Capital Management LLC bought a new position in Xcel Energy during the 2nd quarter worth $30,000. American National Bank bought a new position in Xcel Energy during the 2nd quarter worth $32,000. Transcendent Capital Group LLC bought a new position in Xcel Energy during the 3rd quarter worth $33,000. Finally, Kimelman & Baird LLC bought a new position in Xcel Energy during the 2nd quarter worth $35,000. Institutional investors own 78.38% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on XEL. Wells Fargo & Company lifted 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. Jefferies Financial Group upgraded Xcel Energy from a "hold" rating to a "buy" rating and lifted their price target for the company from $71.00 to $76.00 in a research note on Friday, November 1st. UBS Group lifted their price target on Xcel Energy from $66.00 to $67.00 and gave the company a "neutral" rating in a research note on Friday, September 20th. Argus upgraded Xcel Energy from a "hold" rating to a "buy" rating and set a $68.00 price target on the stock in a research note on Monday, August 26th. Finally, Morgan Stanley lifted their price target on Xcel Energy from $68.00 to $73.00 and gave the company an "equal weight" rating in a research note on Wednesday, September 25th. Seven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, Xcel Energy presently has a consensus rating of "Moderate Buy" and a consensus target price of $66.38.

Xcel Energy Trading Up 0.7 %

XEL traded up $0.48 during midday trading on Wednesday, hitting $70.05. 2,439,407 shares of the company were exchanged, compared to its average volume of 4,194,464. The firm has a market capitalization of $40.23 billion, a P/E ratio of 20.64, a P/E/G ratio of 2.84 and a beta of 0.38. Xcel Energy Inc. has a 1-year low of $46.79 and a 1-year high of $70.42. The firm's 50 day moving average price is $65.00 and its 200-day moving average price is $59.47. 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 announced its earnings results on Thursday, October 31st. The company reported $1.25 EPS for the quarter, missing the consensus estimate of $1.26 by ($0.01). Xcel Energy had a return on equity of 10.76% 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 period in the previous year, the firm posted $1.23 earnings per share. The firm's quarterly revenue was down .5% compared to the same quarter last year. As a group, equities analysts forecast that Xcel Energy Inc. will post 3.55 EPS for the current fiscal 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.