Toronto Dominion Bank Acquires 55,018 Shares of Xcel Energy Inc. (NASDAQ:XEL)

Toronto Dominion Bank lifted its position in Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 19.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 336,265 shares of the company's stock after purchasing an additional 55,018 shares during the quarter. Toronto Dominion Bank owned 0.06% of Xcel Energy worth $21,958,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Envestnet Portfolio Solutions Inc. boosted its stake in Xcel Energy by 21.6% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 61,167 shares of the company's stock worth $3,267,000 after purchasing an additional 10,851 shares in the last quarter. Raymond James & Associates grew its holdings in Xcel Energy by 83.5% during the 2nd quarter. Raymond James & Associates now owns 1,103,809 shares of the company's stock worth $58,954,000 after acquiring an additional 502,231 shares during the last quarter. ING Groep NV grew its holdings in Xcel Energy by 85.0% during the 3rd quarter. ING Groep NV now owns 231,482 shares of the company's stock worth $15,116,000 after acquiring an additional 106,326 shares during the last quarter. Savant Capital LLC increased its position in Xcel Energy by 112.7% in the 2nd quarter. Savant Capital LLC now owns 31,771 shares of the company's stock valued at $1,697,000 after acquiring an additional 16,834 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. raised its stake in shares of Xcel Energy by 7.0% in the third quarter. Nomura Asset Management Co. Ltd. now owns 189,954 shares of the company's stock worth $12,404,000 after acquiring an additional 12,477 shares during the last quarter. Institutional investors and hedge funds own 78.38% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Jefferies Financial Group raised shares of Xcel Energy from a "hold" rating to a "buy" rating and increased their price target for the company from $71.00 to $76.00 in a research note on Friday, November 1st. JPMorgan Chase & Co. raised Xcel Energy from a "neutral" rating to an "overweight" rating and lifted their target price for the company from $69.00 to $80.00 in a research note on Thursday. Argus upgraded Xcel Energy from a "hold" rating to a "buy" rating and set a $68.00 target price for the company in a research report on Monday, August 26th. KeyCorp raised their price target on Xcel Energy from $74.00 to $79.00 and gave the company an "overweight" rating in a report on Wednesday, December 4th. Finally, UBS Group boosted their price objective on Xcel Energy from $66.00 to $67.00 and gave the stock a "neutral" rating in a report on Friday, September 20th. Six analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $68.62.

Xcel Energy Stock Down 0.5 %

XEL stock traded down $0.37 during mid-day trading on Friday, hitting $68.12. 2,253,966 shares of the company were exchanged, compared to its average volume of 4,093,029. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.82 and a current ratio of 0.93. Xcel Energy Inc. has a 1-year low of $46.79 and a 1-year high of $73.38. The firm's 50 day simple moving average is $67.18 and its 200 day simple moving average is $61.24. The firm has a market cap of $39.12 billion, a P/E ratio of 20.31, a P/E/G ratio of 2.80 and a beta of 0.41.

Xcel Energy (NASDAQ:XEL - Get Free Report) last posted 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 company had revenue of $3.64 billion during the quarter, compared to the consensus estimate of $3.93 billion. During the same period in the prior year, the firm posted $1.23 earnings per share. The company's revenue was down .5% compared to the same quarter last year. On average, sell-side analysts predict that Xcel Energy Inc. will post 3.54 EPS for the current fiscal year.

Xcel Energy 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.