Brown Brothers Harriman & Co. Has $86,000 Holdings in Xcel Energy Inc. (NASDAQ:XEL)

Brown Brothers Harriman & Co. lowered its stake in shares of Xcel Energy Inc. (NASDAQ:XEL) by 51.8% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 1,324 shares of the company’s stock after selling 1,421 shares during the period. Brown Brothers Harriman & Co.’s holdings in Xcel Energy were worth $86,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Integris Wealth Management LLC lifted its holdings in shares of Xcel Energy by 2.7% in the third quarter. Integris Wealth Management LLC now owns 6,163 shares of the company’s stock valued at $402,000 after purchasing an additional 163 shares in the last quarter. Bond & Devick Financial Network Inc. lifted its stake in Xcel Energy by 1.1% during the 3rd quarter. Bond & Devick Financial Network Inc. now owns 15,972 shares of the company’s stock valued at $1,043,000 after acquiring an additional 168 shares in the last quarter. Gateway Wealth Partners LLC boosted its holdings in Xcel Energy by 4.3% during the 2nd quarter. Gateway Wealth Partners LLC now owns 4,413 shares of the company’s stock worth $236,000 after acquiring an additional 182 shares during the last quarter. Sumitomo Life Insurance Co. grew its stake in shares of Xcel Energy by 2.9% in the 3rd quarter. Sumitomo Life Insurance Co. now owns 6,591 shares of the company’s stock worth $430,000 after acquiring an additional 183 shares in the last quarter. Finally, Dakota Wealth Management raised its holdings in shares of Xcel Energy by 0.9% in the third quarter. Dakota Wealth Management now owns 22,979 shares of the company’s stock valued at $1,500,000 after purchasing an additional 205 shares during the last quarter. 78.38% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on XEL shares. Jefferies Financial Group upgraded shares of Xcel Energy from a “hold” rating to a “buy” rating and boosted their price target for the stock 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 research report on Friday, September 20th. Barclays upped their target price on Xcel Energy from $67.00 to $71.00 and gave the company an “overweight” rating in a report on Tuesday. Morgan Stanley dropped their price target on Xcel Energy from $74.00 to $72.00 and set an “equal weight” rating on the stock in a report on Friday, November 22nd. Finally, Argus upgraded Xcel Energy from a “hold” rating to a “buy” rating and set a $68.00 price objective for the company in a research note on Monday, August 26th. Seven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, Xcel Energy currently has an average rating of “Moderate Buy” and a consensus target price of $66.62.

Xcel Energy Price Performance

Shares of NASDAQ:XEL opened at $72.92 on Friday. The firm has a market capitalization of $41.87 billion, a PE ratio of 21.64, a P/E/G ratio of 2.93 and a beta of 0.38. 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 company has a 50-day moving average price of $66.06 and a two-hundred day moving average price of $60.22. Xcel Energy Inc. has a twelve month low of $46.79 and a twelve month high of $73.38.

Xcel Energy (NASDAQ:XEL) last released its quarterly earnings data 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). The business had revenue of $3.64 billion during the quarter, compared to analysts’ expectations of $3.93 billion. Xcel Energy had a net margin of 13.67% and a return on equity of 10.76%. The firm’s quarterly revenue was down .5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.23 earnings per share. Equities analysts forecast that Xcel Energy Inc. will post 3.54 EPS for the current year.

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.