Xcel Energy Inc. (NASDAQ:XEL) Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. cut its holdings in shares of Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 38.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 41,009 shares of the company's stock after selling 25,825 shares during the quarter. Robeco Institutional Asset Management B.V.'s holdings in Xcel Energy were worth $2,678,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Envestnet Portfolio Solutions Inc. lifted its holdings in shares of Xcel Energy by 0.6% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 50,316 shares of the company's stock valued at $2,704,000 after buying an additional 320 shares during the period. Empowered Funds LLC grew its stake in shares of Xcel Energy by 40.1% during the 1st quarter. Empowered Funds LLC now owns 25,811 shares of the company's stock worth $1,387,000 after purchasing an additional 7,394 shares during the period. Oppenheimer Asset Management Inc. purchased a new position in shares of Xcel Energy during the 1st quarter valued at approximately $965,000. Forsta AP Fonden lifted its stake in shares of Xcel Energy by 91.6% in the 1st quarter. Forsta AP Fonden now owns 190,600 shares of the company's stock valued at $10,245,000 after purchasing an additional 91,100 shares during the period. Finally, KCM Investment Advisors LLC boosted its holdings in Xcel Energy by 15.5% during the first quarter. KCM Investment Advisors LLC now owns 7,409 shares of the company's stock worth $398,000 after buying an additional 994 shares in the last quarter. 78.38% of the stock is currently owned by institutional investors and hedge funds.

Xcel Energy Price Performance

Shares of NASDAQ:XEL traded up $1.17 during midday trading on Friday, hitting $67.37. The company's stock had a trading volume of 3,859,144 shares, compared to its average volume of 4,567,447. Xcel Energy Inc. has a 12-month low of $46.79 and a 12-month high of $68.36. The company has a market cap of $38.69 billion, a P/E ratio of 19.99, a price-to-earnings-growth ratio of 2.75 and a beta of 0.38. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.82 and a current ratio of 0.93. The business's 50 day simple moving average is $64.14 and its 200 day simple moving average is $58.71.

Xcel Energy (NASDAQ:XEL - Get Free Report) last posted its quarterly earnings results 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). Xcel Energy had a net margin of 13.67% and a return on equity of 10.76%. The company had revenue of $3.64 billion during the quarter, compared to analysts' expectations of $3.93 billion. During the same quarter last year, the company earned $1.23 earnings per share. Xcel Energy's revenue for the quarter was down .5% on a year-over-year basis. On average, analysts forecast that Xcel Energy Inc. will post 3.55 EPS for the current year.

Analyst Ratings Changes

XEL has been the subject of a number of recent analyst reports. Argus raised shares of Xcel Energy from a "hold" rating to a "buy" rating and set a $68.00 price objective for the company in a report on Monday, August 26th. 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. Barclays increased their price target on Xcel Energy from $57.00 to $67.00 and gave the stock an "overweight" rating in a research report on Monday, October 21st. UBS Group boosted their price objective on Xcel Energy from $66.00 to $67.00 and gave the company a "neutral" rating in a research report on Friday, September 20th. Finally, KeyCorp increased their target price on Xcel Energy from $69.00 to $74.00 and gave the company an "overweight" rating in a research report on Friday, November 1st. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, Xcel Energy currently has a consensus rating of "Moderate Buy" and a consensus target price of $66.38.

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.