Point72 Hong Kong Ltd Invests $647,000 in Xcel Energy Inc. (NASDAQ:XEL)

Point72 Hong Kong Ltd acquired a new position in Xcel Energy Inc. (NASDAQ:XEL - Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 9,912 shares of the company's stock, valued at approximately $647,000.

Several other large investors have also recently made changes to their positions in XEL. Cetera Investment Advisers increased its stake in Xcel Energy by 165.0% during the 1st quarter. Cetera Investment Advisers now owns 107,344 shares of the company's stock worth $5,770,000 after buying an additional 66,840 shares during the period. Cetera Advisors LLC increased its stake in Xcel Energy by 177.4% during the 1st quarter. Cetera Advisors LLC now owns 30,516 shares of the company's stock worth $1,640,000 after buying an additional 19,517 shares during the period. First Hawaiian Bank increased its stake in Xcel Energy by 4.1% during the 2nd quarter. First Hawaiian Bank now owns 10,756 shares of the company's stock worth $574,000 after buying an additional 421 shares during the period. Massmutual Trust Co. FSB ADV increased its stake in Xcel Energy by 46.4% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 1,552 shares of the company's stock worth $83,000 after buying an additional 492 shares during the period. Finally, Mather Group LLC. increased its stake in Xcel Energy by 17.5% during the 2nd quarter. Mather Group LLC. now owns 2,378 shares of the company's stock worth $128,000 after buying an additional 355 shares during the period. 78.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

XEL has been the topic of several recent research reports. Morgan Stanley cut their target price on shares of Xcel Energy from $74.00 to $72.00 and set an "equal weight" rating on the stock in a research note on Friday, November 22nd. Wells Fargo & Company increased their price objective on shares of Xcel Energy from $63.00 to $66.00 and gave the company an "equal weight" rating in a research report on Wednesday, October 16th. KeyCorp increased their price objective on shares of Xcel Energy from $69.00 to $74.00 and gave the company an "overweight" rating in a research report on Friday, November 1st. Argus raised shares of Xcel Energy from a "hold" rating to a "buy" rating and set a $68.00 price objective on the stock in a research report on Monday, August 26th. 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 report on Friday, November 1st. Seven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $66.62.

Xcel Energy Stock Down 0.3 %

Shares of NASDAQ XEL traded down $0.20 during mid-day trading on Tuesday, reaching $71.00. The company had a trading volume of 2,672,526 shares, compared to its average volume of 4,137,534. The company has a current ratio of 0.93, a quick ratio of 0.82 and a debt-to-equity ratio of 1.42. The firm has a 50 day simple moving average of $66.51 and a two-hundred day simple moving average of $60.62. The stock has a market cap of $40.77 billion, a P/E ratio of 21.07, a PEG ratio of 2.91 and a beta of 0.41. Xcel Energy Inc. has a 52-week low of $46.79 and a 52-week high of $73.38.

Xcel Energy (NASDAQ:XEL - Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The company reported $1.25 earnings per share 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 return on equity of 10.76% and a net margin of 13.67%. The firm's revenue for the quarter was down .5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.23 EPS. Sell-side analysts predict that Xcel Energy Inc. will post 3.54 earnings per share for the current 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.