637,376 Shares in Xcel Energy Inc. (NASDAQ:XEL) Acquired by Point72 Asset Management L.P.

Point72 Asset Management L.P. purchased a new stake in Xcel Energy Inc. (NASDAQ:XEL - Free Report) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 637,376 shares of the company's stock, valued at approximately $41,621,000. Point72 Asset Management L.P. owned about 0.11% of Xcel Energy as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Massachusetts Financial Services Co. MA grew its position in shares of Xcel Energy by 6.2% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 15,190,756 shares of the company's stock worth $991,956,000 after purchasing an additional 892,740 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Xcel Energy by 2.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,417,615 shares of the company's stock worth $223,170,000 after purchasing an additional 67,820 shares in the last quarter. Federated Hermes Inc. grew its position in shares of 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 in the last quarter. American Century Companies Inc. grew its position in shares of Xcel Energy by 130.4% during the 2nd quarter. American Century Companies Inc. now owns 2,084,345 shares of the company's stock worth $111,325,000 after purchasing an additional 1,179,823 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of Xcel Energy by 10.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,854,333 shares of the company's stock worth $99,046,000 after purchasing an additional 174,653 shares in the last quarter. Institutional investors and hedge funds own 78.38% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Argus raised shares of Xcel Energy from a "hold" rating to a "buy" rating and set a $68.00 price target for the company in a report on Monday, August 26th. Morgan Stanley cut their price target on shares of Xcel Energy from $74.00 to $72.00 and set an "equal weight" rating for the company in a report on Friday, November 22nd. UBS Group upped their price target on shares of Xcel Energy from $66.00 to $67.00 and gave the stock a "neutral" rating in a report on Friday, September 20th. KeyCorp increased their price objective on shares of Xcel Energy from $74.00 to $79.00 and gave the company an "overweight" rating in a research note on Wednesday. Finally, Jefferies Financial Group raised shares of 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 research note on Friday, November 1st. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $67.00.

Xcel Energy Stock Up 0.2 %

Shares of NASDAQ XEL traded up $0.14 during mid-day trading on Thursday, reaching $70.86. 2,452,230 shares of the company's stock traded hands, compared to its average volume of 4,126,796. The stock has a market cap of $40.69 billion, a P/E ratio of 21.03, a PEG ratio of 2.90 and a beta of 0.41. The business has a 50-day simple moving average of $66.78 and a 200 day simple moving average of $60.76. Xcel Energy Inc. has a 1-year low of $46.79 and a 1-year high of $73.38. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.93 and a quick ratio of 0.82.

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

About Xcel Energy

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.