Worldquant Millennium Advisors LLC Buys 67,531 Shares of Xcel Energy Inc. (NASDAQ:XEL)

Worldquant Millennium Advisors LLC boosted its holdings in shares of Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 7.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,033,255 shares of the company's stock after purchasing an additional 67,531 shares during the period. Worldquant Millennium Advisors LLC owned about 0.18% of Xcel Energy worth $67,472,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of XEL. Integris Wealth Management LLC increased its stake in shares of Xcel Energy by 2.7% in the third quarter. Integris Wealth Management LLC now owns 6,163 shares of the company's stock valued at $402,000 after buying an additional 163 shares during the period. Bond & Devick Financial Network Inc. increased its position in Xcel Energy by 1.1% in the 3rd quarter. Bond & Devick Financial Network Inc. now owns 15,972 shares of the company's stock valued at $1,043,000 after acquiring an additional 168 shares during the period. Gateway Wealth Partners LLC increased its position in Xcel Energy by 4.3% in the 2nd quarter. Gateway Wealth Partners LLC now owns 4,413 shares of the company's stock valued at $236,000 after acquiring an additional 182 shares during the period. Sumitomo Life Insurance Co. raised its stake in shares of Xcel Energy by 2.9% during the third quarter. Sumitomo Life Insurance Co. now owns 6,591 shares of the company's stock valued at $430,000 after acquiring an additional 183 shares during the last quarter. Finally, Dakota Wealth Management lifted its holdings in shares of Xcel Energy by 0.9% during the third quarter. Dakota Wealth Management now owns 22,979 shares of the company's stock worth $1,500,000 after purchasing an additional 205 shares during the period. Institutional investors and hedge funds own 78.38% of the company's stock.

Analyst Ratings Changes

A number of analysts recently weighed in on XEL shares. Barclays increased their price objective on Xcel Energy from $67.00 to $71.00 and gave the company an "overweight" rating in a report on Tuesday, November 26th. Jefferies Financial Group raised 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. KeyCorp lifted their price objective on Xcel Energy from $74.00 to $79.00 and gave the stock an "overweight" rating in a research note on Wednesday. UBS Group increased their target price on shares of Xcel Energy from $66.00 to $67.00 and gave the company a "neutral" rating in a research report on Friday, September 20th. Finally, Morgan Stanley lowered 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. Seven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $67.00.

Xcel Energy Stock Down 1.6 %

Shares of NASDAQ XEL traded down $1.12 during trading on Friday, hitting $69.74. 3,431,754 shares of the company traded hands, compared to its average volume of 4,123,849. 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 fifty day moving average is $66.78 and its 200 day moving average is $60.76. The firm has a market capitalization of $40.05 billion, a price-to-earnings ratio of 20.69, a P/E/G ratio of 2.90 and a beta of 0.41. Xcel Energy Inc. has a fifty-two week low of $46.79 and a fifty-two week high of $73.38.

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 for the quarter, missing analysts' consensus estimates of $1.26 by ($0.01). Xcel Energy had a return on equity of 10.76% and a net margin of 13.67%. The firm had revenue of $3.64 billion for the quarter, compared to analyst estimates of $3.93 billion. During the same period last year, the company posted $1.23 earnings per share. The firm's quarterly revenue was down .5% compared to the same quarter last year. Equities research analysts predict that Xcel Energy Inc. will post 3.54 earnings per share for the current fiscal 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.