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Xcel Energy Inc. (NASDAQ:XEL) Stock Position Lowered by Rockefeller Capital Management L.P.

Xcel Energy logo with Utilities background

Rockefeller Capital Management L.P. trimmed its holdings in shares of Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 37.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 46,892 shares of the company's stock after selling 27,759 shares during the quarter. Rockefeller Capital Management L.P.'s holdings in Xcel Energy were worth $3,061,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Ashton Thomas Securities LLC acquired a new stake in Xcel Energy in the third quarter valued at $25,000. TruNorth Capital Management LLC acquired a new stake in shares of Xcel Energy in the 2nd quarter valued at about $30,000. American National Bank bought a new position in shares of Xcel Energy during the second quarter worth about $32,000. Transcendent Capital Group LLC acquired a new position in Xcel Energy in the third quarter worth about $33,000. Finally, Kimelman & Baird LLC bought a new stake in Xcel Energy in the second quarter valued at about $35,000. 78.38% of the stock is owned by hedge funds and other institutional investors.

Xcel Energy Stock Performance

XEL stock traded down $1.12 on Friday, reaching $69.74. The company's stock had a trading volume of 3,431,754 shares, compared to its average volume of 4,123,851. Xcel Energy Inc. has a 52 week low of $46.79 and a 52 week 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. The company has a market capitalization of $40.05 billion, a P/E ratio of 20.69, a price-to-earnings-growth ratio of 2.90 and a beta of 0.41. The firm has a fifty day moving average of $66.78 and a two-hundred day moving average of $60.76.

Xcel Energy (NASDAQ:XEL - Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The company reported $1.25 earnings per share (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 business had revenue of $3.64 billion during the quarter, compared to the consensus estimate of $3.93 billion. During the same period in the previous year, the company posted $1.23 EPS. The company's revenue for the quarter was down .5% compared to the same quarter last year. As a group, analysts predict that Xcel Energy Inc. will post 3.54 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have commented on XEL shares. Wells Fargo & Company increased their target price on Xcel Energy from $63.00 to $66.00 and gave the stock an "equal weight" rating in a report on Wednesday, October 16th. UBS Group lifted their price objective 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. Jefferies Financial Group raised shares of Xcel Energy from a "hold" rating to a "buy" rating and increased their target price for the stock from $71.00 to $76.00 in a report on Friday, November 1st. Morgan Stanley decreased 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. Finally, 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 research report on Monday, August 26th. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $67.00.

Check Out Our Latest Report on Xcel Energy

Xcel Energy Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Xcel Energy (NASDAQ:XEL)

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