Massachusetts Financial Services Co. MA Buys 1,746,066 Shares of Xcel Energy Inc. $XEL

Massachusetts Financial Services Co. MA boosted its stake in Xcel Energy Inc. (NASDAQ:XEL) by 10.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 18,719,520 shares of the company’s stock after purchasing an additional 1,746,066 shares during the period. Massachusetts Financial Services Co. MA’s holdings in Xcel Energy were worth $1,274,799,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of XEL. Brighton Jones LLC bought a new position in shares of Xcel Energy in the 4th quarter worth approximately $240,000. Graypoint LLC increased its stake in Xcel Energy by 6.2% in the 1st quarter. Graypoint LLC now owns 4,267 shares of the company’s stock worth $302,000 after buying an additional 248 shares in the last quarter. Bailard Inc. grew its holdings in Xcel Energy by 11.1% during the 1st quarter. Bailard Inc. now owns 14,258 shares of the company’s stock valued at $1,009,000 after buying an additional 1,421 shares in the last quarter. Commerzbank Aktiengesellschaft FI lifted its position in shares of Xcel Energy by 19.1% in the first quarter. Commerzbank Aktiengesellschaft FI now owns 27,087 shares of the company’s stock worth $1,918,000 after buying an additional 4,340 shares in the last quarter. Finally, Retirement Planning Co of New England Inc. bought a new stake in Xcel Energy in the 1st quarter worth approximately $237,000. Institutional investors own 78.38% of the company’s stock.

Xcel Energy Stock Performance

NASDAQ XEL opened at $80.58 on Friday. Xcel Energy Inc. has a twelve month low of $62.58 and a twelve month high of $83.01. The stock has a market capitalization of $47.67 billion, a price-to-earnings ratio of 22.32, a PEG ratio of 2.81 and a beta of 0.38. 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 stock has a 50-day moving average of $78.63 and a 200 day moving average of $73.26.

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). The company had revenue of $3.92 billion for the quarter, compared to analysts’ expectations of $3.89 billion. Xcel Energy had a net margin of 14.85% and a return on equity of 10.52%. The business’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same period in the previous year, the business earned $1.25 earnings per share. Sell-side analysts anticipate that Xcel Energy Inc. will post 3.82 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on XEL. Bank of America lifted their price target on Xcel Energy from $78.00 to $84.00 and gave the stock a “buy” rating in a research report on Thursday, September 25th. BTIG Research upgraded shares of Xcel Energy to a “strong-buy” rating in a report on Wednesday, October 22nd. Weiss Ratings upgraded shares of Xcel Energy from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, October 24th. Barclays increased their price target on shares of Xcel Energy from $83.00 to $85.00 and gave the company an “overweight” rating in a research report on Wednesday, November 5th. Finally, TD Cowen started coverage on shares of Xcel Energy in a report on Thursday, October 16th. They issued a “buy” rating and a $93.00 price target on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of $87.29.

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.