B. Metzler seel. Sohn & Co. Holding AG Takes $1.41 Million Position in Xcel Energy Inc. (NASDAQ:XEL)

B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of Xcel Energy Inc. (NASDAQ:XEL) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 21,635 shares of the company’s stock, valued at approximately $1,413,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Banque Cantonale Vaudoise bought a new stake in shares of Xcel Energy during the 3rd quarter worth $462,000. Prospera Financial Services Inc lifted its holdings in shares of Xcel Energy by 7.9% during the third quarter. Prospera Financial Services Inc now owns 12,974 shares of the company’s stock worth $847,000 after purchasing an additional 946 shares during the period. Meeder Asset Management Inc. grew its position in shares of Xcel Energy by 835.9% in the 3rd quarter. Meeder Asset Management Inc. now owns 29,602 shares of the company’s stock valued at $1,933,000 after buying an additional 26,439 shares during the last quarter. Caprock Group LLC boosted its stake in shares of Xcel Energy by 4.8% in the 3rd quarter. Caprock Group LLC now owns 7,393 shares of the company’s stock valued at $487,000 after purchasing an additional 339 shares during the last quarter. Finally, Pathstone Holdings LLC boosted its position in Xcel Energy by 9.6% during the third quarter. Pathstone Holdings LLC now owns 75,673 shares of the company’s stock valued at $4,944,000 after acquiring an additional 6,620 shares during the last quarter. Institutional investors own 78.38% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. Jefferies Financial Group raised shares of Xcel Energy from a “hold” rating to a “buy” rating and lifted their price target for the company from $71.00 to $76.00 in a research note on Friday, November 1st. UBS Group upped their target price on Xcel Energy from $66.00 to $67.00 and gave the company a “neutral” rating in a report on Friday, September 20th. Morgan Stanley reduced 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 report on Friday. Barclays lifted 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. Finally, Wells Fargo & Company boosted their price objective on Xcel Energy from $63.00 to $66.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 16th. Seven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $66.31.

Xcel Energy Stock Down 0.0 %

Shares of XEL opened at $71.35 on Friday. The firm has a market cap of $40.97 billion, a P/E ratio of 21.17, a P/E/G ratio of 2.84 and a beta of 0.38. 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 Inc. has a 1 year low of $46.79 and a 1 year high of $71.79. The stock has a 50 day simple moving average of $65.42 and a two-hundred day simple moving average of $59.75.

Xcel Energy (NASDAQ:XEL) last released its quarterly earnings data on Thursday, October 31st. The company reported $1.25 earnings per share 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 company had revenue of $3.64 billion for the quarter, compared to analysts’ expectations of $3.93 billion. During the same period last year, the company posted $1.23 EPS. The business’s revenue for the quarter was down .5% compared to the same quarter last year. On average, analysts forecast that Xcel Energy Inc. will post 3.55 earnings per share for the current fiscal year.

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.