Xcel Energy Inc. (NASDAQ:XEL) Shares Acquired by International Assets Investment Management LLC

International Assets Investment Management LLC increased its stake in Xcel Energy Inc. (NASDAQ:XEL) by 7,432.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 506,488 shares of the company’s stock after acquiring an additional 499,764 shares during the period. International Assets Investment Management LLC owned approximately 0.09% of Xcel Energy worth $33,074,000 at the end of the most recent reporting period.

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

Xcel Energy Trading Up 0.0 %

NASDAQ:XEL opened at $64.48 on Tuesday. Xcel Energy Inc. has a 12-month low of $46.79 and a 12-month high of $65.76. The company has a current ratio of 0.97, a quick ratio of 0.86 and a debt-to-equity ratio of 1.54. The stock’s 50 day simple moving average is $63.21 and its 200-day simple moving average is $57.99. The firm has a market cap of $35.95 billion, a P/E ratio of 19.25, a PEG ratio of 2.83 and a beta of 0.39.

Xcel Energy (NASDAQ:XEL) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.57 by ($0.03). Xcel Energy had a net margin of 13.46% and a return on equity of 10.94%. The firm had revenue of $3.03 billion during the quarter, compared to analyst estimates of $3.29 billion. During the same period in the prior year, the firm posted $0.52 earnings per share. The business’s quarterly revenue was up .2% compared to the same quarter last year. Equities analysts anticipate that Xcel Energy Inc. will post 3.56 EPS for the current year.

Analyst Ratings Changes

A number of brokerages recently issued reports on XEL. Argus raised Xcel Energy from a “hold” rating to a “buy” rating and set a $68.00 price target for the company in a report on Monday, August 26th. Morgan Stanley upped their target price on shares of Xcel Energy from $68.00 to $73.00 and gave the company an “equal weight” rating in a report on Wednesday, September 25th. Jefferies Financial Group started coverage on shares of Xcel Energy in a research note on Thursday, September 19th. They set a “hold” rating and a $70.00 price target on the stock. UBS Group upped their price objective on shares of Xcel Energy from $66.00 to $67.00 and gave the company a “neutral” rating in a research note on Friday, September 20th. Finally, Wells Fargo & Company raised their price objective on Xcel Energy from $63.00 to $66.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 16th. Eight analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, Xcel Energy presently has an average rating of “Hold” and an average price target of $65.54.

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.