Xcel Energy Inc. (NASDAQ:XEL) Shares Sold by Advisors Asset Management Inc.

Advisors Asset Management Inc. trimmed its stake in shares of Xcel Energy Inc. (NASDAQ:XEL) by 12.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 27,521 shares of the company’s stock after selling 3,824 shares during the quarter. Advisors Asset Management Inc.’s holdings in Xcel Energy were worth $1,797,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Federated Hermes Inc. increased its position in Xcel Energy by 120.2% in the 2nd quarter. Federated Hermes Inc. now owns 2,379,615 shares of the company’s stock valued at $127,095,000 after acquiring an additional 1,299,025 shares during the period. American Century Companies Inc. boosted its stake in Xcel Energy by 130.4% during the 2nd quarter. American Century Companies Inc. now owns 2,084,345 shares of the company’s stock valued at $111,325,000 after purchasing an additional 1,179,823 shares in the last quarter. Zimmer Partners LP boosted its stake in Xcel Energy by 1,765.0% during the 1st quarter. Zimmer Partners LP now owns 932,505 shares of the company’s stock valued at $50,122,000 after purchasing an additional 882,505 shares in the last quarter. Los Angeles Capital Management LLC boosted its stake 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 valued at $48,444,000 after purchasing an additional 797,096 shares in the last quarter. Finally, National Bank of Canada FI boosted its stake in Xcel Energy by 89.4% during the 2nd quarter. National Bank of Canada FI now owns 1,534,971 shares of the company’s stock valued at $80,478,000 after purchasing an additional 724,558 shares in the last quarter. 78.38% of the stock is currently owned by institutional investors and hedge funds.

Xcel Energy Stock Performance

Shares of Xcel Energy stock opened at $71.35 on Monday. The stock has a market cap of $40.97 billion, a PE ratio of 21.17, a price-to-earnings-growth ratio of 2.92 and a beta of 0.38. The business has a fifty day simple moving average of $65.42 and a 200-day simple moving average of $59.82. The company has a quick ratio of 0.82, a current ratio of 0.93 and a debt-to-equity ratio of 1.42. Xcel Energy Inc. has a 12 month low of $46.79 and a 12 month high of $71.79.

Xcel Energy (NASDAQ:XEL) last issued its earnings results 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 return on equity of 10.76% and a net margin of 13.67%. The business had revenue of $3.64 billion during the quarter, compared to analyst estimates of $3.93 billion. During the same period last year, the business earned $1.23 EPS. The business’s quarterly revenue was down .5% on a year-over-year basis. On average, sell-side analysts anticipate that Xcel Energy Inc. will post 3.55 EPS for the current fiscal year.

Wall Street Analyst Weigh In

XEL has been the subject of a number of research reports. 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. UBS Group increased their price target on Xcel Energy from $66.00 to $67.00 and gave the company a “neutral” rating in a research note on Friday, September 20th. KeyCorp increased their price target on Xcel Energy from $69.00 to $74.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. Argus raised Xcel Energy from a “hold” rating to a “buy” rating and set a $68.00 price target for the company in a research note on Monday, August 26th. Finally, Morgan Stanley reduced their price objective on Xcel Energy from $74.00 to $72.00 and set an “equal weight” rating for the company in a research note on Friday. Seven analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $66.31.

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.