MTM Investment Management LLC Invests $108,000 in Xcel Energy Inc. $XEL

MTM Investment Management LLC acquired a new position in shares of Xcel Energy Inc. (NASDAQ:XEL) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,584 shares of the company’s stock, valued at approximately $108,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of XEL. Vanguard Group Inc. lifted its holdings in shares of Xcel Energy by 1.3% in the first quarter. Vanguard Group Inc. now owns 74,818,158 shares of the company’s stock worth $5,296,377,000 after acquiring an additional 986,170 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Xcel Energy by 31.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 25,809,978 shares of the company’s stock valued at $1,827,090,000 after purchasing an additional 6,109,190 shares during the last quarter. JPMorgan Chase & Co. increased its position in Xcel Energy by 7.9% during the 1st quarter. JPMorgan Chase & Co. now owns 20,811,241 shares of the company’s stock worth $1,473,228,000 after purchasing an additional 1,520,092 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in Xcel Energy by 10.3% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 18,719,520 shares of the company’s stock valued at $1,274,799,000 after purchasing an additional 1,746,066 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in Xcel Energy by 2.9% in the 2nd quarter. Geode Capital Management LLC now owns 16,191,204 shares of the company’s stock valued at $1,108,006,000 after purchasing an additional 460,103 shares during the last quarter. Institutional investors own 78.38% of the company’s stock.

Xcel Energy Trading Up 0.5%

NASDAQ XEL opened at $80.58 on Monday. The firm has a market capitalization of $47.67 billion, a PE ratio of 22.32, a price-to-earnings-growth ratio of 2.81 and a beta of 0.38. The business’s 50-day moving average price is $78.63 and its two-hundred day moving average price is $73.30. The company has a current ratio of 0.96, a quick ratio of 0.85 and a debt-to-equity ratio of 1.48. Xcel Energy Inc. has a 12 month low of $62.58 and a 12 month high of $83.01.

Xcel Energy (NASDAQ:XEL) last posted its quarterly earnings data on Wednesday, October 29th. The company reported $1.24 EPS for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.08). Xcel Energy had a return on equity of 10.52% and a net margin of 14.85%.The company had revenue of $3.92 billion during the quarter, compared to analyst estimates of $3.89 billion. During the same period in the prior year, the firm earned $1.25 earnings per share. Xcel Energy’s revenue was up 7.4% compared to the same quarter last year. On average, analysts expect that Xcel Energy Inc. will post 3.82 EPS for the current year.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. KeyCorp boosted their target price on shares of Xcel Energy from $79.00 to $85.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 15th. Morgan Stanley set a $86.00 price objective on Xcel Energy and gave the company an “outperform” rating in a report on Wednesday, October 22nd. Jefferies Financial Group boosted their price objective on Xcel Energy from $84.00 to $92.00 and gave the stock a “buy” rating in a research report on Thursday, October 16th. Cowen started coverage on Xcel Energy in a research report on Wednesday, October 15th. They issued a “buy” rating for the company. Finally, UBS Group set a $85.00 price target on Xcel Energy in a research note on Wednesday, November 5th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $87.29.

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.