SCP Investment LP Purchases 4,000 Shares of Xcel Energy Inc. $XEL

SCP Investment LP grew its holdings in shares of Xcel Energy Inc. (NASDAQ:XEL) by 45.5% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 12,800 shares of the company’s stock after acquiring an additional 4,000 shares during the quarter. Xcel Energy accounts for approximately 0.7% of SCP Investment LP’s holdings, making the stock its 22nd biggest holding. SCP Investment LP’s holdings in Xcel Energy were worth $872,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Quadrant Capital Group LLC lifted its stake in Xcel Energy by 15.2% in the second quarter. Quadrant Capital Group LLC now owns 7,233 shares of the company’s stock worth $493,000 after purchasing an additional 953 shares during the last quarter. Employees Retirement System of Texas bought a new position in Xcel Energy during the 2nd quarter worth approximately $7,347,000. Choreo LLC increased its stake in Xcel Energy by 3.9% in the 2nd quarter. Choreo LLC now owns 23,551 shares of the company’s stock worth $1,617,000 after purchasing an additional 893 shares during the period. Russell Investments Group Ltd. lifted its position in Xcel Energy by 17.0% in the second quarter. Russell Investments Group Ltd. now owns 2,286,971 shares of the company’s stock valued at $155,742,000 after purchasing an additional 331,475 shares during the last quarter. Finally, J.W. Cole Advisors Inc. boosted its stake in shares of Xcel Energy by 11.2% during the second quarter. J.W. Cole Advisors Inc. now owns 14,220 shares of the company’s stock valued at $968,000 after purchasing an additional 1,432 shares during the period. Hedge funds and other institutional investors own 78.38% of the company’s stock.

Xcel Energy Stock Performance

Xcel Energy stock opened at $81.25 on Thursday. Xcel Energy Inc. has a fifty-two week low of $62.58 and a fifty-two week high of $83.01. The stock’s 50 day simple moving average is $79.90 and its two-hundred day simple moving average is $73.82. 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 stock has a market cap of $48.06 billion, a price-to-earnings ratio of 22.51, a PEG ratio of 2.81 and a beta of 0.38.

Xcel Energy (NASDAQ:XEL) last released its earnings results on Wednesday, October 29th. The company reported $1.24 EPS for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.08). The firm had revenue of $3.92 billion during 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 company’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.25 EPS. As a group, analysts expect that Xcel Energy Inc. will post 3.82 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on XEL shares. Mizuho increased their price target on shares of Xcel Energy from $83.00 to $87.00 and gave the company an “outperform” rating in a research report on Monday, October 27th. 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 objective for the company. Jefferies Financial Group raised their target price on Xcel Energy from $84.00 to $92.00 and gave the stock a “buy” rating in a research note on Thursday, October 16th. Cowen assumed coverage on Xcel Energy in a research report on Wednesday, October 15th. They set a “buy” rating for the company. Finally, Weiss Ratings raised Xcel Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, October 24th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Xcel Energy currently has an average rating of “Moderate Buy” and an average 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.