Rhumbline Advisers Increases Position in Xcel Energy Inc. $XEL

Rhumbline Advisers lifted its position in Xcel Energy Inc. (NASDAQ:XEL) by 0.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,027,457 shares of the company’s stock after acquiring an additional 4,083 shares during the period. Rhumbline Advisers’ holdings in Xcel Energy were worth $69,970,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in XEL. Mufg Securities Americas Inc. grew its stake in Xcel Energy by 25.7% during the 2nd quarter. Mufg Securities Americas Inc. now owns 12,782 shares of the company’s stock valued at $870,000 after purchasing an additional 2,617 shares during the last quarter. Brandywine Global Investment Management LLC raised its stake in shares of Xcel Energy by 0.6% in the second quarter. Brandywine Global Investment Management LLC now owns 929,312 shares of the company’s stock worth $63,286,000 after purchasing an additional 5,276 shares during the last quarter. Legal & General Group Plc lifted its holdings in shares of Xcel Energy by 7.8% during the second quarter. Legal & General Group Plc now owns 5,652,073 shares of the company’s stock worth $384,906,000 after purchasing an additional 411,140 shares during the period. MAI Capital Management lifted its holdings in shares of Xcel Energy by 13.2% during the second quarter. MAI Capital Management now owns 2,872 shares of the company’s stock worth $196,000 after purchasing an additional 336 shares during the period. Finally, Magnetar Financial LLC purchased a new stake in Xcel Energy in the second quarter valued at approximately $471,000. Hedge funds and other institutional investors own 78.38% of the company’s stock.

Xcel Energy Stock Up 0.2%

XEL stock opened at $79.67 on Monday. Xcel Energy Inc. has a one year low of $62.58 and a one 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 firm’s fifty day moving average is $79.40 and its 200 day moving average is $73.63. The firm has a market cap of $47.13 billion, a PE ratio of 22.07, a P/E/G ratio of 2.81 and a beta of 0.38.

Xcel Energy (NASDAQ:XEL) last posted its earnings results 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 return on equity of 10.52% and a net margin of 14.85%.The firm had revenue of $3.92 billion for the quarter, compared to analysts’ expectations of $3.89 billion. During the same period in the previous year, the company earned $1.25 earnings per share. The company’s revenue was up 7.4% compared to the same quarter last year. On average, research analysts forecast that Xcel Energy Inc. will post 3.82 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have issued reports on XEL. Barclays raised their price target on shares of Xcel Energy from $83.00 to $85.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 5th. Weiss Ratings raised shares of Xcel Energy from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, October 24th. BMO Capital Markets boosted their target price on shares of Xcel Energy from $84.00 to $87.00 and gave the company an “outperform” rating in a research report on Wednesday, October 15th. Jefferies Financial Group increased their price target on Xcel Energy from $84.00 to $92.00 and gave the stock a “buy” rating in a research report on Thursday, October 16th. Finally, Morgan Stanley reiterated an “underperform” rating and set a $84.00 price objective on shares of Xcel Energy in a research note on Thursday. Two analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus 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.