Xcel Energy Inc. $XEL Shares Bought by New York Life Investment Management LLC

New York Life Investment Management LLC raised its holdings in Xcel Energy Inc. (NASDAQ:XEL) by 2.7% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 78,653 shares of the company’s stock after acquiring an additional 2,051 shares during the quarter. New York Life Investment Management LLC’s holdings in Xcel Energy were worth $5,356,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in shares of Xcel Energy by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 74,818,158 shares of the company’s stock worth $5,296,377,000 after buying an additional 986,170 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Xcel Energy by 31.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 25,809,978 shares of the company’s stock worth $1,827,090,000 after buying an additional 6,109,190 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Xcel Energy by 7.9% during the 1st quarter. JPMorgan Chase & Co. now owns 20,811,241 shares of the company’s stock worth $1,473,228,000 after buying an additional 1,520,092 shares during the last quarter. Northern Trust Corp raised its stake in shares of Xcel Energy by 5.8% during the 1st quarter. Northern Trust Corp now owns 5,967,952 shares of the company’s stock worth $422,471,000 after buying an additional 328,845 shares during the last quarter. Finally, Invesco Ltd. raised its stake in shares of Xcel Energy by 0.6% during the 1st quarter. Invesco Ltd. now owns 5,711,917 shares of the company’s stock worth $404,347,000 after buying an additional 33,469 shares during the last quarter. Institutional investors and hedge funds own 78.38% of the company’s stock.

Xcel Energy Trading Down 0.2%

Xcel Energy stock opened at $79.69 on Thursday. The stock 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 0.37. The stock has a 50-day moving average price of $76.65 and a 200 day moving average price of $72.38. Xcel Energy Inc. has a 52 week low of $62.58 and a 52 week high of $83.01. The company has a current ratio of 0.96, a quick ratio of 0.85 and a debt-to-equity ratio of 1.48.

Xcel Energy (NASDAQ:XEL) last posted its quarterly earnings data on Thursday, July 31st. The company reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.09. The firm had revenue of $3.29 billion during the quarter, compared to analysts’ expectations of $3.31 billion. Xcel Energy had a return on equity of 10.52% and a net margin of 14.85%.The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.54 EPS. Equities research analysts predict that Xcel Energy Inc. will post 3.82 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. UBS Group lifted their price target on Xcel Energy from $82.00 to $84.00 and gave the stock a “neutral” rating in a research note on Friday, October 10th. Cowen assumed coverage on Xcel Energy in a research note on Wednesday, October 15th. They set a “buy” rating for the company. Barclays lifted their price target on Xcel Energy from $72.00 to $81.00 and gave the stock an “overweight” rating in a research note on Monday, September 29th. BTIG Research upgraded Xcel Energy to a “strong-buy” rating in a research report on Wednesday, October 22nd. Finally, Evercore ISI initiated coverage on Xcel Energy in a research report on Monday, October 6th. They set an “outperform” rating and a $92.00 price objective for the company. Two analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $86.54.

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.