Mitsubishi UFJ Asset Management Co. Ltd. Has $79.11 Million Stock Position in Xcel Energy Inc. $XEL

Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of Xcel Energy Inc. (NASDAQ:XEL) by 7.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,161,723 shares of the company’s stock after buying an additional 78,252 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.20% of Xcel Energy worth $79,113,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. Navellier & Associates Inc. acquired a new stake in shares of Xcel Energy during the 1st quarter worth approximately $2,735,000. J.W. Cole Advisors Inc. acquired a new stake in Xcel Energy during the first quarter worth $905,000. Nordea Investment Management AB boosted its stake in Xcel Energy by 10.3% during the second quarter. Nordea Investment Management AB now owns 3,211,081 shares of the company’s stock worth $216,042,000 after buying an additional 299,484 shares in the last quarter. Electron Capital Partners LLC increased its holdings in Xcel Energy by 93.7% in the 1st quarter. Electron Capital Partners LLC now owns 1,921,636 shares of the company’s stock valued at $136,033,000 after buying an additional 929,516 shares during the period. Finally, Shell Asset Management Co. raised its stake in shares of Xcel Energy by 22.5% in the 2nd quarter. Shell Asset Management Co. now owns 31,967 shares of the company’s stock valued at $2,177,000 after buying an additional 5,872 shares in the last quarter. Institutional investors own 78.38% of the company’s stock.

Xcel Energy Stock Performance

NASDAQ:XEL opened at $80.91 on Monday. The stock has a market capitalization of $47.86 billion, a P/E ratio of 22.41, a price-to-earnings-growth 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. Xcel Energy Inc. has a 1 year low of $62.58 and a 1 year high of $83.01. The firm has a 50 day moving average of $77.80 and a 200-day moving average of $72.93.

Xcel Energy (NASDAQ:XEL) last released its quarterly earnings results on Thursday, October 30th. The company reported $1.24 earnings per share for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.08). Xcel Energy had a net margin of 14.85% and a return on equity of 10.52%. The business had revenue of $3.92 billion for the quarter, compared to analyst estimates of $3.89 billion. During the same period in the prior year, the business earned $1.25 earnings per share. The company’s revenue for the quarter was up 7.4% on a year-over-year basis. As a group, sell-side analysts anticipate that Xcel Energy Inc. will post 3.82 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

XEL has been the topic of several recent research reports. Barclays lifted their target price on shares of Xcel Energy from $83.00 to $85.00 and gave the company an “overweight” rating in a research report on Wednesday. Evercore ISI began coverage on shares of Xcel Energy in a research note on Monday, October 6th. They set an “outperform” rating and a $92.00 price target for the company. Citigroup upped their price objective on Xcel Energy from $80.00 to $92.00 and gave the company a “buy” rating in a research note on Monday, November 3rd. Morgan Stanley set a $86.00 target price on Xcel Energy and gave the stock an “outperform” rating in a report on Wednesday, October 22nd. Finally, UBS Group set a $85.00 price target on Xcel Energy in a research note on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $87.29.

About Xcel Energy

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.