Xcel Energy Inc. $XEL Shares Sold by Vestor Capital LLC

Vestor Capital LLC trimmed its holdings in shares of Xcel Energy Inc. (NASDAQ:XEL) by 78.1% during the second quarter, Holdings Channel reports. The firm owned 487 shares of the company’s stock after selling 1,735 shares during the quarter. Vestor Capital LLC’s holdings in Xcel Energy were worth $33,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of XEL. Price T Rowe Associates Inc. MD raised its stake in Xcel Energy by 31.0% during the first 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. Nuveen LLC acquired a new position in Xcel Energy during the 1st quarter valued at approximately $155,510,000. Massachusetts Financial Services Co. MA grew its stake in Xcel Energy by 10.3% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 18,719,520 shares of the company’s stock worth $1,274,799,000 after buying an additional 1,746,066 shares during the last quarter. JPMorgan Chase & Co. increased its position in Xcel Energy by 7.9% in the first quarter. JPMorgan Chase & Co. now owns 20,811,241 shares of the company’s stock worth $1,473,228,000 after buying an additional 1,520,092 shares during the period. Finally, Vanguard Group Inc. increased its position in Xcel Energy by 1.3% in the first 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 during the period. 78.38% of the stock is owned by institutional investors and hedge funds.

Xcel Energy Stock Up 0.7%

Shares of XEL stock opened at $80.26 on Tuesday. Xcel Energy Inc. has a 1 year low of $62.58 and a 1 year high of $83.01. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.85 and a current ratio of 0.96. The business’s fifty day moving average is $79.55 and its 200-day moving average is $73.70. The stock has a market cap of $47.48 billion, a PE ratio of 22.23, a price-to-earnings-growth ratio of 2.81 and a beta of 0.38.

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

Analyst Ratings Changes

XEL has been the subject of several recent research reports. Cowen started coverage on shares of Xcel Energy in a research report on Wednesday, October 15th. They set a “buy” rating for the company. Morgan Stanley reissued an “underperform” rating and set a $84.00 target price on shares of Xcel Energy in a research note on Thursday. Mizuho raised their price target on shares of Xcel Energy from $83.00 to $87.00 and gave the company an “outperform” rating in a research note on Monday, October 27th. Evercore ISI started coverage on Xcel Energy in a research note on Monday, October 6th. They set an “outperform” rating and a $92.00 target price on the stock. Finally, BTIG Research raised Xcel Energy to a “strong-buy” rating in a research note on Wednesday, October 22nd. Two analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $87.14.

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.