Aigen Investment Management LP Acquires 21,443 Shares of Xcel Energy Inc. (NASDAQ:XEL)

Aigen Investment Management LP boosted its stake in Xcel Energy Inc. (NASDAQ:XEL) by 384.8% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 27,015 shares of the company’s stock after buying an additional 21,443 shares during the period. Aigen Investment Management LP’s holdings in Xcel Energy were worth $1,764,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Price T Rowe Associates Inc. MD raised its position in Xcel Energy by 770.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 7,552,625 shares of the company’s stock valued at $405,955,000 after purchasing an additional 6,684,499 shares in the last quarter. Jupiter Asset Management Ltd. acquired a new position in shares of Xcel Energy during the first quarter worth $80,283,000. Federated Hermes Inc. lifted its stake in shares of Xcel Energy by 120.2% in the 2nd quarter. Federated Hermes Inc. now owns 2,379,615 shares of the company’s stock valued at $127,095,000 after acquiring an additional 1,299,025 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of Xcel Energy by 130.4% during the 2nd quarter. American Century Companies Inc. now owns 2,084,345 shares of the company’s stock valued at $111,325,000 after acquiring an additional 1,179,823 shares in the last quarter. Finally, Zimmer Partners LP grew its position in Xcel Energy by 1,765.0% during the 1st quarter. Zimmer Partners LP now owns 932,505 shares of the company’s stock worth $50,122,000 after acquiring an additional 882,505 shares during the last quarter. Institutional investors own 78.38% of the company’s stock.

Wall Street Analysts Forecast Growth

XEL has been the topic of several research reports. KeyCorp boosted their price target on Xcel Energy from $69.00 to $74.00 and gave the stock an “overweight” rating in a report on Friday, November 1st. Jefferies Financial Group raised shares of Xcel Energy from a “hold” rating to a “buy” rating and boosted their target price for the stock from $71.00 to $76.00 in a report on Friday, November 1st. Wells Fargo & Company raised their price target on shares of Xcel Energy from $63.00 to $66.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 16th. Barclays boosted their price objective on shares of Xcel Energy from $57.00 to $67.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. Finally, Morgan Stanley raised their target price on Xcel Energy from $68.00 to $73.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 25th. Seven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, Xcel Energy currently has an average rating of “Moderate Buy” and a consensus price target of $66.38.

Xcel Energy Trading Up 0.3 %

XEL traded up $0.18 during trading on Tuesday, hitting $68.83. The company’s stock had a trading volume of 79,917 shares, compared to its average volume of 4,199,805. The firm has a market capitalization of $39.53 billion, a P/E ratio of 20.37, a PEG ratio of 2.75 and a beta of 0.38. Xcel Energy Inc. has a twelve month low of $46.79 and a twelve month high of $68.83. The company has a quick ratio of 0.82, a current ratio of 0.93 and a debt-to-equity ratio of 1.42. The stock’s fifty day moving average price is $64.29 and its 200-day moving average price is $58.83.

Xcel Energy (NASDAQ:XEL) last released its earnings results on Thursday, October 31st. The company reported $1.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.01). Xcel Energy had a net margin of 13.67% and a return on equity of 10.76%. The company had revenue of $3.64 billion for the quarter, compared to analyst estimates of $3.93 billion. During the same quarter in the previous year, the firm earned $1.23 EPS. The firm’s revenue was down .5% on a year-over-year basis. Analysts anticipate that Xcel Energy Inc. will post 3.55 EPS for the current year.

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.