Xcel Energy Inc. $XEL Holdings Reduced by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH lowered its position in Xcel Energy Inc. (NASDAQ:XEL) by 6.4% during the 2nd quarter, Holdings Channel.com reports. The firm owned 278,859 shares of the company’s stock after selling 19,139 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Xcel Energy were worth $18,990,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. grew its holdings in Xcel Energy by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 74,818,158 shares of the company’s stock worth $5,296,377,000 after buying an additional 986,170 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in Xcel Energy by 31.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 25,809,978 shares of the company’s stock worth $1,827,090,000 after acquiring an additional 6,109,190 shares during the period. JPMorgan Chase & Co. boosted its position in Xcel Energy by 7.9% during the 1st quarter. JPMorgan Chase & Co. now owns 20,811,241 shares of the company’s stock worth $1,473,228,000 after acquiring an additional 1,520,092 shares during the period. Massachusetts Financial Services Co. MA grew its stake in shares of Xcel Energy by 10.3% in the second quarter. Massachusetts Financial Services Co. MA now owns 18,719,520 shares of the company’s stock worth $1,274,799,000 after purchasing an additional 1,746,066 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Xcel Energy by 2.9% during the second quarter. Geode Capital Management LLC now owns 16,191,204 shares of the company’s stock valued at $1,108,006,000 after purchasing an additional 460,103 shares during the period. 78.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on XEL. Jefferies Financial Group lifted their price objective on shares of Xcel Energy from $84.00 to $92.00 and gave the company a “buy” rating in a research note on Thursday, October 16th. Citigroup raised their target price on shares of Xcel Energy from $80.00 to $92.00 and gave the company a “buy” rating in a research note on Monday, November 3rd. KeyCorp boosted their price target on shares of Xcel Energy from $79.00 to $85.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 15th. TD Cowen initiated coverage on shares of Xcel Energy in a report on Thursday, October 16th. They issued a “buy” rating and a $93.00 price objective for the company. Finally, Cowen began coverage on shares of Xcel Energy in a research note on Wednesday, October 15th. They set a “buy” rating on the stock. Two research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $87.29.

Xcel Energy Stock Performance

NASDAQ:XEL opened at $81.00 on Wednesday. Xcel Energy Inc. has a twelve month low of $62.58 and a twelve month high of $83.01. The company has a current ratio of 0.96, a quick ratio of 0.85 and a debt-to-equity ratio of 1.48. The company has a 50-day moving average of $79.00 and a 200-day moving average of $73.45. The firm has a market cap of $47.91 billion, a price-to-earnings ratio of 22.44, a price-to-earnings-growth ratio of 2.81 and a beta of 0.38.

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