Nicollet Investment Management Inc. Has $285,000 Position in Xcel Energy Inc. (NASDAQ:XEL)

Nicollet Investment Management Inc. decreased its stake in Xcel Energy Inc. (NASDAQ:XEL) by 48.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,364 shares of the company’s stock after selling 4,051 shares during the period. Nicollet Investment Management Inc.’s holdings in Xcel Energy were worth $285,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of XEL. Price T Rowe Associates Inc. MD raised its holdings in shares of Xcel Energy by 770.0% in the 1st 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 during the period. Federated Hermes Inc. raised its stake in Xcel Energy by 120.2% in the second quarter. Federated Hermes Inc. now owns 2,379,615 shares of the company’s stock valued at $127,095,000 after buying an additional 1,299,025 shares during the period. American Century Companies Inc. lifted its position in shares of Xcel Energy by 130.4% in the second quarter. American Century Companies Inc. now owns 2,084,345 shares of the company’s stock valued at $111,325,000 after buying an additional 1,179,823 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Xcel Energy by 10.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,854,333 shares of the company’s stock worth $99,046,000 after acquiring an additional 174,653 shares during the period. Finally, AQR Capital Management LLC increased its holdings in shares of Xcel Energy by 54.5% during the 2nd quarter. AQR Capital Management LLC now owns 1,642,484 shares of the company’s stock worth $87,725,000 after acquiring an additional 579,652 shares during the last quarter. Institutional investors and hedge funds own 78.38% of the company’s stock.

Analysts Set New Price Targets

XEL has been the subject of several research reports. Jefferies Financial Group raised Xcel Energy from a “hold” rating to a “buy” rating and raised their price target for the company from $71.00 to $76.00 in a report on Friday, November 1st. UBS Group lifted their target price on shares of Xcel Energy from $66.00 to $67.00 and gave the stock a “neutral” rating in a report on Friday, September 20th. Barclays increased their price target on shares of Xcel Energy from $57.00 to $67.00 and gave the company an “overweight” rating in a report on Monday, October 21st. KeyCorp boosted their price objective on Xcel Energy from $69.00 to $74.00 and gave the stock an “overweight” rating in a report on Friday, November 1st. Finally, Wells Fargo & Company boosted their price target on Xcel Energy from $63.00 to $66.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 16th. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, Xcel Energy currently has an average rating of “Moderate Buy” and an average target price of $66.38.

Xcel Energy Stock Performance

NASDAQ XEL opened at $69.46 on Friday. Xcel Energy Inc. has a 1 year low of $46.79 and a 1 year high of $69.90. The firm has a market capitalization of $39.89 billion, a price-to-earnings ratio of 20.61, a P/E/G ratio of 2.80 and a beta of 0.38. The company has a current ratio of 0.93, a quick ratio of 0.82 and a debt-to-equity ratio of 1.42. The firm’s 50 day simple moving average is $64.76 and its 200 day simple moving average is $59.18.

Xcel Energy (NASDAQ:XEL) last issued its earnings results on Thursday, October 31st. The company reported $1.25 earnings per share 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 business had revenue of $3.64 billion during the quarter, compared to analyst estimates of $3.93 billion. During the same period in the prior year, the business posted $1.23 EPS. The company’s revenue for the quarter was down .5% compared to the same quarter last year. As a group, research analysts expect that Xcel Energy Inc. will post 3.55 earnings per share for the current fiscal 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.