CIBC Asset Management Inc Raises Stock Holdings in Xcel Energy Inc. (NASDAQ:XEL)

CIBC Asset Management Inc lifted its holdings in shares of Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 4.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 241,246 shares of the company's stock after purchasing an additional 10,533 shares during the period. CIBC Asset Management Inc's holdings in Xcel Energy were worth $15,753,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in the business. OneDigital Investment Advisors LLC grew its stake in shares of Xcel Energy by 7.6% during the third quarter. OneDigital Investment Advisors LLC now owns 14,148 shares of the company's stock valued at $924,000 after buying an additional 998 shares during the last quarter. ING Groep NV grew its position 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. Tokio Marine Asset Management Co. Ltd. increased its stake in Xcel Energy by 3.6% in the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 14,836 shares of the company's stock worth $969,000 after purchasing an additional 511 shares during the period. Metis Global Partners LLC lifted its position in Xcel Energy by 15.9% in the third quarter. Metis Global Partners LLC now owns 39,828 shares of the company's stock valued at $2,601,000 after purchasing an additional 5,450 shares during the last quarter. Finally, Curi RMB Capital LLC boosted its stake in shares of Xcel Energy by 14.9% during the third quarter. Curi RMB Capital LLC now owns 5,218 shares of the company's stock valued at $341,000 after purchasing an additional 676 shares during the period. Hedge funds and other institutional investors own 78.38% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on XEL shares. UBS Group lifted their target price on shares of Xcel Energy from $66.00 to $67.00 and gave the stock a "neutral" rating in a research note on Friday, September 20th. KeyCorp upped their price objective on shares of Xcel Energy from $69.00 to $74.00 and gave the company an "overweight" rating in a research note on Friday, November 1st. Jefferies Financial Group upgraded 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. Argus upgraded Xcel Energy from a "hold" rating to a "buy" rating and set a $68.00 price target on the stock in a report on Monday, August 26th. Finally, Barclays increased their price objective on Xcel Energy from $57.00 to $67.00 and gave the stock an "overweight" rating in a report on Monday, October 21st. Seven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $66.38.

Xcel Energy Stock Up 0.8 %

NASDAQ XEL traded up $0.55 during trading hours on Friday, reaching $69.46. 4,018,542 shares of the company's stock traded hands, compared to its average volume of 4,218,233. 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 firm has a market cap of $39.89 billion, a PE ratio of 20.61, a PEG ratio of 2.80 and a beta of 0.38. The firm has a 50-day simple moving average of $64.76 and a 200 day simple moving average of $59.18. Xcel Energy Inc. has a 52-week low of $46.79 and a 52-week high of $69.90.

Xcel Energy (NASDAQ:XEL - Get Free Report) last released its earnings results on Thursday, October 31st. The company reported $1.25 EPS for the quarter, missing analysts' consensus estimates of $1.26 by ($0.01). The company had revenue of $3.64 billion during the quarter, compared to analysts' expectations of $3.93 billion. Xcel Energy had a return on equity of 10.76% and a net margin of 13.67%. The company's revenue was down .5% on a year-over-year basis. During the same period in the prior year, the company posted $1.23 earnings per share. Sell-side analysts anticipate that Xcel Energy Inc. will post 3.55 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.