XTX Topco Ltd Takes Position in Xcel Energy Inc. (NASDAQ:XEL)

XTX Topco Ltd bought a new stake in shares of Xcel Energy Inc. (NASDAQ:XEL - Free Report) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund bought 16,540 shares of the company's stock, valued at approximately $1,080,000.

Several other institutional investors and hedge funds also recently made changes to their positions in XEL. State Street Corp increased its position in shares of Xcel Energy by 6.7% in the 3rd quarter. State Street Corp now owns 37,143,025 shares of the company's stock valued at $2,445,477,000 after buying an additional 2,323,448 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of Xcel Energy by 6.2% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 15,190,756 shares of the company's stock valued at $991,956,000 after buying an additional 892,740 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Xcel Energy by 2.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,417,615 shares of the company's stock worth $223,170,000 after purchasing an additional 67,820 shares in the last quarter. Brookfield Corp ON increased its holdings in Xcel Energy by 520.1% during the 3rd quarter. Brookfield Corp ON now owns 2,509,031 shares of the company's stock worth $163,840,000 after purchasing an additional 2,104,405 shares in the last quarter. Finally, Federated Hermes Inc. increased its holdings in Xcel Energy by 120.2% during the 2nd quarter. Federated Hermes Inc. now owns 2,379,615 shares of the company's stock worth $127,095,000 after purchasing an additional 1,299,025 shares in the last quarter. Institutional investors own 78.38% of the company's stock.

Xcel Energy Price Performance

Shares of Xcel Energy stock traded up $0.04 on Tuesday, reaching $69.15. 2,587,452 shares of the stock were exchanged, compared to its average volume of 4,111,672. 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 one year low of $46.79 and a one year high of $73.38. The firm has a market cap of $39.71 billion, a PE ratio of 20.51, a P/E/G ratio of 2.86 and a beta of 0.41. The firm's 50 day moving average is $66.96 and its 200-day moving average is $61.03.

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

Analysts Set New Price Targets

XEL has been the subject of a number of research reports. Jefferies Financial Group upgraded 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. UBS Group increased their target price on Xcel Energy from $66.00 to $67.00 and gave the stock a "neutral" rating in a report on Friday, September 20th. Barclays increased their price objective on shares of Xcel Energy from $67.00 to $71.00 and gave the stock an "overweight" rating in a research note on Tuesday, November 26th. KeyCorp raised their target price on shares of Xcel Energy from $74.00 to $79.00 and gave the company an "overweight" rating in a research note on Wednesday, December 4th. Finally, Morgan Stanley cut their target price on shares of Xcel Energy from $74.00 to $72.00 and set an "equal weight" rating for the company in a research note on Friday, November 22nd. Seven analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $67.00.

Xcel Energy Company 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.