Atlanta Consulting Group Advisors LLC bought a new stake in Xcel Energy Inc. (NASDAQ:XEL - Free Report) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund bought 17,208 shares of the company's stock, valued at approximately $1,124,000.
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Price T Rowe Associates Inc. MD raised its position in Xcel Energy by 770.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 7,552,625 shares of the company's stock valued at $405,955,000 after purchasing an additional 6,684,499 shares in the last quarter. Federated Hermes Inc. increased its stake in shares of Xcel Energy by 120.2% during the second quarter. Federated Hermes Inc. now owns 2,379,615 shares of the company's stock worth $127,095,000 after buying an additional 1,299,025 shares during the period. American Century Companies Inc. raised its holdings in Xcel Energy by 130.4% in the second quarter. American Century Companies Inc. now owns 2,084,345 shares of the company's stock valued at $111,325,000 after acquiring an additional 1,179,823 shares in the last quarter. Zimmer Partners LP lifted its stake in Xcel Energy by 1,765.0% in the first quarter. Zimmer Partners LP now owns 932,505 shares of the company's stock worth $50,122,000 after acquiring an additional 882,505 shares during the last quarter. Finally, Los Angeles Capital Management LLC grew its holdings in Xcel Energy by 725.1% during the 2nd quarter. Los Angeles Capital Management LLC now owns 907,030 shares of the company's stock worth $48,444,000 after acquiring an additional 797,096 shares in the last quarter. 78.38% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities research analysts have recently weighed in on XEL shares. Argus upgraded shares of Xcel Energy from a "hold" rating to a "buy" rating and set a $68.00 price objective on the stock in a report on Monday, August 26th. Morgan Stanley raised their price target on Xcel Energy from $68.00 to $73.00 and gave the company an "equal weight" rating in a research note on Wednesday, September 25th. KeyCorp upped their price objective on Xcel Energy from $69.00 to $74.00 and gave the stock an "overweight" rating in a research report on Friday, November 1st. Barclays raised their target price on Xcel Energy from $57.00 to $67.00 and gave the stock an "overweight" rating in a research report on Monday, October 21st. Finally, Jefferies Financial Group raised Xcel Energy from a "hold" rating to a "buy" rating and upped their price target for the company from $71.00 to $76.00 in a report on Friday, November 1st. Seven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, Xcel Energy presently has a consensus rating of "Moderate Buy" and an average target price of $66.38.
Check Out Our Latest Stock Report on XEL
Shares of Xcel Energy stock opened at $69.46 on Friday. Xcel Energy Inc. has a 12 month low of $46.79 and a 12 month high of $69.90. The stock has a market capitalization of $39.89 billion, a price-to-earnings ratio of 20.61, a PEG ratio of 2.84 and a beta of 0.38. The firm's fifty day simple moving average is $64.76 and its 200-day simple moving average is $59.21. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.93 and a quick ratio of 0.82.
Xcel Energy (NASDAQ:XEL - Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The company reported $1.25 EPS for the quarter, missing analysts' consensus estimates of $1.26 by ($0.01). Xcel Energy had a net margin of 13.67% and a return on equity of 10.76%. The firm had revenue of $3.64 billion during the quarter, compared to analyst estimates of $3.93 billion. During the same quarter in the previous year, the business earned $1.23 EPS. Xcel Energy's revenue for the quarter was down .5% on a year-over-year basis. As a group, equities analysts forecast that Xcel Energy Inc. will post 3.55 earnings per share for the current year.
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.
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