Invesco Ltd. Grows Stake in Xcel Energy Inc. $XEL

Invesco Ltd. boosted its stake in Xcel Energy Inc. (NASDAQ:XEL) by 29.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,366,422 shares of the company’s stock after buying an additional 1,654,505 shares during the quarter. Invesco Ltd. owned approximately 1.25% of Xcel Energy worth $501,653,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Twin Peaks Wealth Advisors LLC acquired a new position in shares of Xcel Energy during the second quarter valued at approximately $25,000. Clearstead Trust LLC raised its position in shares of Xcel Energy by 202.2% in the second quarter. Clearstead Trust LLC now owns 417 shares of the company’s stock valued at $28,000 after buying an additional 279 shares during the last quarter. Rise Advisors LLC lifted its stake in shares of Xcel Energy by 62.9% in the second quarter. Rise Advisors LLC now owns 518 shares of the company’s stock worth $35,000 after buying an additional 200 shares in the last quarter. Marshall & Sullivan Inc. WA purchased a new stake in Xcel Energy during the 2nd quarter valued at about $44,000. Finally, RMG Wealth Management LLC acquired a new stake in Xcel Energy in the 2nd quarter valued at about $46,000. 78.38% of the stock is currently owned by hedge funds and other institutional investors.

Xcel Energy Stock Down 0.8%

Xcel Energy stock opened at $77.77 on Friday. The company has a market capitalization of $46.00 billion, a PE ratio of 23.71, a price-to-earnings-growth ratio of 2.32 and a beta of 0.45. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.69 and a current ratio of 0.79. Xcel Energy Inc. has a fifty-two week low of $62.58 and a fifty-two week high of $83.01. The firm has a 50 day moving average price of $80.57 and a 200 day moving average price of $74.21.

Xcel Energy (NASDAQ:XEL) last posted its quarterly earnings data on Wednesday, October 29th. The company reported $1.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.32 by ($0.08). Xcel Energy had a net margin of 13.46% and a return on equity of 10.45%. The firm had revenue of $3.92 billion during the quarter, compared to analysts’ expectations of $3.89 billion. During the same quarter in the prior year, the firm posted $1.25 EPS. Xcel Energy’s quarterly revenue was up 7.4% compared to the same quarter last year. Research analysts expect that Xcel Energy Inc. will post 3.82 earnings per share for the current year.

Analysts Set New Price Targets

XEL has been the subject of a number of analyst reports. Bank of America upped their price target on Xcel Energy from $78.00 to $84.00 and gave the company a “buy” rating in a research report on Thursday, September 25th. Royal Bank Of Canada assumed coverage on Xcel Energy in a research note on Tuesday, October 28th. They set a “moderate buy” rating on the stock. Evercore ISI assumed coverage on Xcel Energy in a report on Monday, October 6th. They issued an “outperform” rating and a $92.00 target price for the company. KeyCorp lifted their target price on shares of Xcel Energy from $79.00 to $85.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 15th. Finally, Cowen initiated coverage on shares of Xcel Energy in a research note on Wednesday, October 15th. They issued a “buy” rating for the company. Two analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $87.14.

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.