Caprock Group LLC Acquires 339 Shares of Xcel Energy Inc. (NASDAQ:XEL)

Caprock Group LLC lifted its holdings in Xcel Energy Inc. (NASDAQ:XEL) by 4.8% during the third quarter, HoldingsChannel.com reports. The firm owned 7,393 shares of the company’s stock after purchasing an additional 339 shares during the period. Caprock Group LLC’s holdings in Xcel Energy were worth $487,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD lifted its position in Xcel Energy by 770.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 7,552,625 shares of the company’s stock worth $405,955,000 after buying an additional 6,684,499 shares in the last quarter. Federated Hermes Inc. increased its position in Xcel Energy by 120.2% during the second quarter. Federated Hermes Inc. now owns 2,379,615 shares of the company’s stock worth $127,095,000 after buying an additional 1,299,025 shares during the last quarter. American Century Companies Inc. raised its stake in Xcel Energy by 130.4% in the second quarter. American Century Companies Inc. now owns 2,084,345 shares of the company’s stock valued at $111,325,000 after buying an additional 1,179,823 shares during the period. Zimmer Partners LP lifted its position in shares of Xcel Energy by 1,765.0% in the first quarter. Zimmer Partners LP now owns 932,505 shares of the company’s stock valued at $50,122,000 after buying an additional 882,505 shares during the last quarter. Finally, Los Angeles Capital Management LLC boosted its stake in shares of Xcel Energy by 725.1% during the 2nd quarter. Los Angeles Capital Management LLC now owns 907,030 shares of the company’s stock worth $48,444,000 after acquiring an additional 797,096 shares during the period. Institutional investors and hedge funds own 78.38% of the company’s stock.

Xcel Energy Trading Down 0.0 %

Shares of XEL stock opened at $71.35 on Friday. Xcel Energy Inc. has a fifty-two week low of $46.79 and a fifty-two week high of $71.79. The stock’s fifty day moving average price is $65.42 and its two-hundred day moving average price is $59.75. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.82 and a current ratio of 0.93. The company has a market cap of $40.97 billion, a PE ratio of 21.17, a P/E/G ratio of 2.84 and a beta of 0.38.

Xcel Energy (NASDAQ:XEL) last released its earnings results on Thursday, October 31st. The company reported $1.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.01). The business had revenue of $3.64 billion during the quarter, compared to the consensus estimate of $3.93 billion. Xcel Energy had a net margin of 13.67% and a return on equity of 10.76%. The business’s revenue was down .5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.23 EPS. Equities analysts predict that Xcel Energy Inc. will post 3.55 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

XEL has been the topic of several research reports. Jefferies Financial Group upgraded shares of Xcel Energy from a “hold” rating to a “buy” rating and upped their price objective for the company from $71.00 to $76.00 in a report on Friday, November 1st. Argus raised shares of Xcel Energy from a “hold” rating to a “buy” rating and set a $68.00 price target on the stock in a report on Monday, August 26th. KeyCorp upped their target price on Xcel Energy from $69.00 to $74.00 and gave the company an “overweight” rating in a research report on Friday, November 1st. UBS Group lifted their price target on Xcel Energy from $66.00 to $67.00 and gave the stock a “neutral” rating in a report on Friday, September 20th. Finally, Barclays upped their price objective on Xcel Energy from $57.00 to $67.00 and gave the company an “overweight” rating in a report on Monday, October 21st. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $66.31.

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.