Xcel Energy Inc. $XEL Stock Holdings Decreased by Vise Technologies Inc.

Vise Technologies Inc. lessened its position in shares of Xcel Energy Inc. (NASDAQ:XEL) by 26.8% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 44,619 shares of the company’s stock after selling 16,315 shares during the quarter. Vise Technologies Inc.’s holdings in Xcel Energy were worth $3,145,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in XEL. BlackRock Inc. acquired a new stake in Xcel Energy in the 2nd quarter valued at about $4,890,136,000. State Street Corp increased its holdings in Xcel Energy by 4.8% during the 2nd quarter. State Street Corp now owns 38,896,012 shares of the company’s stock valued at $3,145,176,000 after acquiring an additional 1,770,356 shares in the last quarter. Bank of America Corp DE raised its position in Xcel Energy by 1.7% during the second quarter. Bank of America Corp DE now owns 29,933,748 shares of the company’s stock worth $2,403,680,000 after acquiring an additional 491,937 shares during the last quarter. GQG Partners LLC acquired a new position in Xcel Energy during the second quarter worth about $891,688,000. Finally, Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in shares of Xcel Energy in the second quarter valued at about $708,086,000. 78.38% of the stock is currently owned by hedge funds and other institutional investors.

Xcel Energy Price Performance

Xcel Energy stock opened at $80.50 on Thursday. Xcel Energy Inc. has a 12-month low of $68.72 and a 12-month high of $84.23. The stock has a market capitalization of $51.67 billion, a P/E ratio of 18.76, a P/E/G ratio of 3.81 and a beta of 0.34. The firm’s 50-day moving average is $74.84 and its two-hundred day moving average is $78.25. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.69 and a quick ratio of 0.61.

Xcel Energy (NASDAQ:XEL) last posted its quarterly earnings data on Wednesday, October 28th. The company reported $1.52 earnings per share for the quarter, beating analysts’ consensus estimates of $1.39 by $0.13. The business had revenue of $4.17 billion during the quarter, compared to analyst estimates of $4.26 billion. Xcel Energy had a net margin of 17.94% and a return on equity of 11.10%. The company’s revenue was up 6.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.24 earnings per share. Equities analysts predict that Xcel Energy Inc. will post 4.14 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Weiss Ratings upgraded shares of Xcel Energy from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday. BTIG Research set a $92.00 price objective on Xcel Energy in a research report on Friday, October 30th. HSBC assumed coverage on Xcel Energy in a research note on Thursday, October 22nd. They issued a “buy” rating and a $89.00 target price on the stock. Scotiabank assumed coverage on Xcel Energy in a report on Tuesday, September 29th. They set a “sector outperform” rating and a $77.00 target price on the stock. Finally, Barclays raised their price target on Xcel Energy from $85.00 to $94.00 and gave the stock an “overweight” rating in a research report on Monday. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $90.71.

About Xcel Energy

Xcel Energy Inc is a public utility holding company that provides electricity and natural gas services to residential, commercial, and industrial customers. Its operations include the generation, transmission, distribution, and sale of electricity, as well as the distribution and sale of natural gas.

The company serves customers across Colorado, Michigan, Minnesota, New Mexico, North Dakota, South Dakota, Texas, and Wisconsin through operating companies including Northern States Power, Public Service Company of Colorado, Southwestern Public Service Company, and NSP-Wisconsin.