Xcel Energy Inc. $XEL Shares Acquired by XTX Topco Ltd

XTX Topco Ltd raised its stake in Xcel Energy Inc. (NASDAQ:XEL) by 910.8% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 32,638 shares of the company’s stock after purchasing an additional 29,409 shares during the period. XTX Topco Ltd’s holdings in Xcel Energy were worth $2,223,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. Empirical Finance LLC grew its stake in Xcel Energy by 0.7% in the second quarter. Empirical Finance LLC now owns 19,196 shares of the company’s stock worth $1,307,000 after purchasing an additional 140 shares in the last quarter. CENTRAL TRUST Co grew its position in shares of Xcel Energy by 1.7% in the 2nd quarter. CENTRAL TRUST Co now owns 8,315 shares of the company’s stock worth $566,000 after acquiring an additional 142 shares in the last quarter. Bessemer Group Inc. increased its holdings in shares of Xcel Energy by 0.9% in the 2nd quarter. Bessemer Group Inc. now owns 16,074 shares of the company’s stock valued at $1,094,000 after acquiring an additional 144 shares during the last quarter. Catalyst Capital Advisors LLC raised its position in shares of Xcel Energy by 7.2% during the 2nd quarter. Catalyst Capital Advisors LLC now owns 2,169 shares of the company’s stock valued at $148,000 after acquiring an additional 145 shares in the last quarter. Finally, LCM Capital Management Inc raised its position in shares of Xcel Energy by 4.3% during the 2nd quarter. LCM Capital Management Inc now owns 3,572 shares of the company’s stock valued at $243,000 after acquiring an additional 147 shares in the last quarter. Institutional investors and hedge funds own 78.38% of the company’s stock.

Xcel Energy Price Performance

Shares of NASDAQ XEL opened at $81.25 on Thursday. The stock has a market cap of $48.06 billion, a P/E ratio of 22.51, a P/E/G ratio of 2.81 and a beta of 0.38. The firm’s 50-day simple moving average is $79.90 and its 200 day simple moving average is $73.82. Xcel Energy Inc. has a fifty-two week low of $62.58 and a fifty-two week high of $83.01. The company has a quick ratio of 0.85, a current ratio of 0.96 and a debt-to-equity ratio of 1.48.

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

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on XEL. Weiss Ratings raised shares of Xcel Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, October 24th. TD Cowen began coverage on Xcel Energy in a research report on Thursday, October 16th. They set a “buy” rating and a $93.00 price objective for the company. BMO Capital Markets upped their price objective on Xcel Energy from $84.00 to $87.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 15th. KeyCorp raised their target price on Xcel Energy from $79.00 to $85.00 and gave the company an “overweight” rating in a research note on Wednesday, October 15th. Finally, UBS Group set a $85.00 price objective on shares of Xcel Energy in a report on Wednesday, November 5th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Xcel Energy presently has an average rating of “Moderate Buy” and an average price target of $87.14.

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.