State of Alaska Department of Revenue Buys 4,395 Shares of Xcel Energy Inc. (NASDAQ:XEL)

State of Alaska Department of Revenue boosted its stake in shares of Xcel Energy Inc. (NASDAQ:XEL) by 7.3% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 64,815 shares of the company’s stock after buying an additional 4,395 shares during the period. State of Alaska Department of Revenue’s holdings in Xcel Energy were worth $4,232,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. ProShare Advisors LLC lifted its holdings in shares of Xcel Energy by 23.2% in the 1st quarter. ProShare Advisors LLC now owns 643,986 shares of the company’s stock worth $34,614,000 after acquiring an additional 121,118 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of Xcel Energy by 2.4% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,625,530 shares of the company’s stock valued at $87,372,000 after buying an additional 38,653 shares during the period. Daiwa Securities Group Inc. grew its stake in shares of Xcel Energy by 24.8% during the first quarter. Daiwa Securities Group Inc. now owns 100,969 shares of the company’s stock valued at $5,427,000 after buying an additional 20,068 shares during the last quarter. Forsta AP Fonden raised its holdings in shares of Xcel Energy by 91.6% in the first quarter. Forsta AP Fonden now owns 190,600 shares of the company’s stock worth $10,245,000 after buying an additional 91,100 shares during the period. Finally, Czech National Bank lifted its stake in shares of Xcel Energy by 9.1% during the 2nd quarter. Czech National Bank now owns 105,882 shares of the company’s stock worth $5,655,000 after acquiring an additional 8,790 shares during the last quarter. 78.38% of the stock is currently owned by institutional investors.

Xcel Energy Stock Down 1.8 %

Shares of Xcel Energy stock opened at $63.34 on Wednesday. The firm’s 50 day moving average price is $63.28 and its 200-day moving average price is $58.06. The company has a quick ratio of 0.86, a current ratio of 0.97 and a debt-to-equity ratio of 1.54. Xcel Energy Inc. has a 52-week low of $46.79 and a 52-week high of $65.76. The company has a market cap of $35.31 billion, a P/E ratio of 18.91, a PEG ratio of 2.83 and a beta of 0.39.

Xcel Energy (NASDAQ:XEL) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.03). Xcel Energy had a return on equity of 10.94% and a net margin of 13.46%. The firm had revenue of $3.03 billion during the quarter, compared to analysts’ expectations of $3.29 billion. During the same period in the previous year, the firm earned $0.52 EPS. The firm’s quarterly revenue was up .2% on a year-over-year basis. On average, sell-side analysts predict that Xcel Energy Inc. will post 3.56 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Barclays increased their target price on Xcel Energy from $57.00 to $67.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. Wells Fargo & Company lifted their target price on Xcel Energy from $63.00 to $66.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 16th. Jefferies Financial Group assumed coverage on Xcel Energy in a research report on Thursday, September 19th. They set a “hold” rating and a $70.00 price target on the stock. Morgan Stanley lifted their price objective on Xcel Energy from $68.00 to $73.00 and gave the company an “equal weight” rating in a report on Wednesday, September 25th. Finally, UBS Group raised their target price 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. Eight research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $65.54.

Xcel Energy Company 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.