Xcel Energy Inc. (NASDAQ:XEL) Shares Sold by HM Payson & Co.

HM Payson & Co. reduced its position in Xcel Energy Inc. (NASDAQ:XEL) by 23.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,785 shares of the company’s stock after selling 539 shares during the period. HM Payson & Co.’s holdings in Xcel Energy were worth $117,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD grew its holdings in Xcel Energy by 770.0% in the first 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 during the period. Mitsubishi UFJ Trust & Banking Corp grew its stake in Xcel Energy by 1.8% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 4,186,101 shares of the company’s stock valued at $223,264,000 after acquiring an additional 74,690 shares during the period. Federated Hermes Inc. increased its holdings in Xcel Energy by 120.2% in the 2nd quarter. Federated Hermes Inc. now owns 2,379,615 shares of the company’s stock worth $127,095,000 after acquiring an additional 1,299,025 shares in the last quarter. American Century Companies Inc. raised its position in Xcel Energy by 130.4% during the second quarter. American Century Companies Inc. now owns 2,084,345 shares of the company’s stock worth $111,325,000 after acquiring an additional 1,179,823 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in Xcel Energy by 10.4% during the second quarter. Dimensional Fund Advisors LP now owns 1,854,333 shares of the company’s stock valued at $99,046,000 after purchasing an additional 174,653 shares in the last quarter. 78.38% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. KeyCorp upped their price target on shares of Xcel Energy from $69.00 to $74.00 and gave the stock an “overweight” rating in a research report on Friday. Jefferies Financial Group upgraded Xcel Energy from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $71.00 to $76.00 in a research note on Friday. Morgan Stanley raised their target price on Xcel Energy from $68.00 to $73.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 25th. UBS Group boosted their price target on Xcel Energy from $66.00 to $67.00 and gave the stock a “neutral” rating in a research report on Friday, September 20th. Finally, Barclays increased their price objective on Xcel Energy from $57.00 to $67.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $66.38.

Xcel Energy Stock Down 0.2 %

NASDAQ XEL opened at $66.69 on Friday. The business’s fifty day simple moving average is $63.61 and its 200-day simple moving average is $58.25. The company has a quick ratio of 0.86, a current ratio of 0.97 and a debt-to-equity ratio of 1.54. The firm has a market cap of $37.18 billion, a PE ratio of 19.91, a P/E/G ratio of 2.77 and a beta of 0.39. Xcel Energy Inc. has a 52 week low of $46.79 and a 52 week high of $68.36.

Xcel Energy (NASDAQ:XEL) last issued its earnings results on Thursday, October 31st. The company reported $1.25 EPS for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.06). Xcel Energy had a return on equity of 10.94% and a net margin of 13.46%. The firm had revenue of $3.64 billion for the quarter, compared to analysts’ expectations of $3.93 billion. During the same period last year, the firm earned $1.23 earnings per share. Xcel Energy’s revenue for the quarter was down .5% on a year-over-year basis. As a group, equities analysts anticipate that Xcel Energy Inc. will post 3.55 earnings per share for the current 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.