Catalyst Capital Advisors LLC Has $55,000 Stake in Xcel Energy Inc. (NASDAQ:XEL)

Catalyst Capital Advisors LLC boosted its holdings in Xcel Energy Inc. (NASDAQ:XEL) by 55.2% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 835 shares of the company’s stock after acquiring an additional 297 shares during the quarter. Catalyst Capital Advisors LLC’s holdings in Xcel Energy were worth $55,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Price T Rowe Associates Inc. MD lifted its stake in shares of Xcel Energy by 770.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 7,552,625 shares of the company’s stock valued at $405,955,000 after buying an additional 6,684,499 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp lifted its position in Xcel Energy by 1.8% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 4,186,101 shares of the company’s stock valued at $223,264,000 after acquiring an additional 74,690 shares in the last quarter. Federated Hermes Inc. boosted its stake in Xcel Energy by 120.2% during the 2nd quarter. Federated Hermes Inc. now owns 2,379,615 shares of the company’s stock valued at $127,095,000 after purchasing an additional 1,299,025 shares during the last quarter. American Century Companies Inc. increased its holdings in Xcel Energy by 130.4% during the 2nd quarter. American Century Companies Inc. now owns 2,084,345 shares of the company’s stock worth $111,325,000 after purchasing an additional 1,179,823 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Xcel Energy by 10.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,854,333 shares of the company’s stock worth $99,046,000 after purchasing an additional 174,653 shares during the last quarter. Institutional investors own 78.38% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on XEL. Morgan Stanley lifted their target price on Xcel Energy from $68.00 to $73.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 25th. Jefferies Financial Group raised shares of Xcel Energy from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $71.00 to $76.00 in a report on Friday, November 1st. UBS Group raised their price target on shares of Xcel Energy from $66.00 to $67.00 and gave the company a “neutral” rating in a research report on Friday, September 20th. Barclays upped their price objective on shares of Xcel Energy from $57.00 to $67.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. Finally, KeyCorp lifted their target price on shares of Xcel Energy from $69.00 to $74.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $66.38.

Xcel Energy Stock Up 0.2 %

Shares of NASDAQ XEL opened at $66.49 on Thursday. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.93 and a quick ratio of 0.82. The stock has a market capitalization of $38.18 billion, a PE ratio of 19.73, a P/E/G ratio of 2.69 and a beta of 0.38. Xcel Energy Inc. has a one year low of $46.79 and a one year high of $68.36. The business’s fifty day moving average price is $63.92 and its 200-day moving average price is $58.55.

Xcel Energy (NASDAQ:XEL) last released its quarterly earnings data on Thursday, October 31st. The company reported $1.25 EPS for the quarter, missing the consensus estimate of $1.26 by ($0.01). The business had revenue of $3.64 billion for the quarter, compared to analysts’ expectations of $3.93 billion. Xcel Energy had a net margin of 13.67% and a return on equity of 10.76%. Xcel Energy’s revenue for the quarter was down .5% compared to the same quarter last year. During the same period last year, the company earned $1.23 earnings per share. On average, equities research analysts anticipate that Xcel Energy Inc. will post 3.55 EPS for the current year.

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.