Quantinno Capital Management LP Increases Stake in Xcel Energy Inc. (NASDAQ:XEL)

Quantinno Capital Management LP increased its position in shares of Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 20.9% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 88,385 shares of the company's stock after buying an additional 15,283 shares during the period. Quantinno Capital Management LP's holdings in Xcel Energy were worth $5,772,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Ashton Thomas Securities LLC bought a new position in Xcel Energy during the third quarter worth $25,000. Transcendent Capital Group LLC acquired a new stake in Xcel Energy in the third quarter worth $33,000. TruNorth Capital Management LLC acquired a new stake in Xcel Energy in the second quarter worth $30,000. American National Bank acquired a new position in shares of Xcel Energy during the second quarter valued at about $32,000. Finally, Kimelman & Baird LLC acquired a new position in shares of Xcel Energy during the second quarter valued at about $35,000. Institutional investors own 78.38% of the company's stock.

Analyst Upgrades and Downgrades

XEL has been the topic of several analyst reports. KeyCorp boosted their price target on shares of Xcel Energy from $74.00 to $79.00 and gave the stock an "overweight" rating in a report on Wednesday. Jefferies Financial Group upgraded shares of Xcel Energy from a "hold" rating to a "buy" rating and boosted their price target for the stock from $71.00 to $76.00 in a report on Friday, November 1st. 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 report on Friday, September 20th. Morgan Stanley cut their price target on shares of Xcel Energy from $74.00 to $72.00 and set an "equal weight" rating on the stock in a report on Friday, November 22nd. Finally, Wells Fargo & Company lifted their price objective on shares of Xcel Energy from $63.00 to $66.00 and gave the stock an "equal weight" rating in a research report on Wednesday, October 16th. Seven analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat.com, Xcel Energy has a consensus rating of "Moderate Buy" and an average target price of $67.00.

Xcel Energy Price Performance

NASDAQ:XEL traded down $1.12 during mid-day trading on Friday, hitting $69.74. 3,431,754 shares of the stock traded hands, compared to its average volume of 3,060,143. The business's 50-day moving average price is $66.88 and its 200 day moving average price is $60.89. The company has a market cap of $40.05 billion, a PE ratio of 20.69, a price-to-earnings-growth ratio of 2.89 and a beta of 0.41. Xcel Energy Inc. has a 12-month low of $46.79 and a 12-month high of $73.38. 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 issued its quarterly earnings data 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 net margin of 13.67% and a return on equity of 10.76%. The firm had revenue of $3.64 billion for the quarter, compared to analysts' expectations of $3.93 billion. During the same period in the prior year, the firm posted $1.23 EPS. Xcel Energy's revenue was down .5% on a year-over-year basis. On average, analysts expect that Xcel Energy Inc. will post 3.54 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.