Xcel Energy Inc. $XEL Shares Acquired by International Assets Investment Management LLC

International Assets Investment Management LLC grew its position in Xcel Energy Inc. (NASDAQ:XEL) by 220.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,000 shares of the company’s stock after purchasing an additional 10,323 shares during the quarter. International Assets Investment Management LLC’s holdings in Xcel Energy were worth $1,057,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the business. BlackRock Inc. acquired a new stake in shares of Xcel Energy in the 2nd quarter worth $4,890,136,000. State Street Corp grew its stake in Xcel Energy by 4.8% during the 2nd quarter. State Street Corp now owns 38,896,012 shares of the company’s stock worth $3,145,176,000 after buying an additional 1,770,356 shares during the last quarter. Bank of America Corp DE grew its stake in Xcel Energy by 1.7% during the 2nd quarter. Bank of America Corp DE now owns 29,933,748 shares of the company’s stock worth $2,403,680,000 after buying an additional 491,937 shares during the last quarter. GQG Partners LLC purchased a new position in Xcel Energy during the 2nd quarter worth $891,688,000. Finally, Barrow Hanley Mewhinney & Strauss LLC acquired a new position in Xcel Energy during the 2nd quarter valued at about $708,086,000. 78.38% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have commented on XEL. Royal Bank Of Canada set a $86.00 price target on Xcel Energy in a research note on Tuesday, October 20th. The Goldman Sachs Group lowered their price target on Xcel Energy from $95.00 to $93.00 in a report on Thursday, October 15th. Mizuho set a $92.00 price target on Xcel Energy and gave the stock an “outperform” rating in a research note on Friday, July 31st. JPMorgan Chase & Co. cut their price objective on shares of Xcel Energy from $97.00 to $92.00 and set an “overweight” rating on the stock in a report on Tuesday, October 13th. Finally, HSBC started coverage on shares of Xcel Energy in a research report on Thursday, October 22nd. They issued a “buy” rating and a $89.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $90.71.

Xcel Energy Price Performance

Shares of XEL opened at $80.50 on Thursday. The firm has a market capitalization of $51.67 billion, a PE ratio of 18.23, a price-to-earnings-growth ratio of 3.81 and a beta of 0.34. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.69 and a quick ratio of 0.61. Xcel Energy Inc. has a 1-year low of $68.72 and a 1-year high of $84.23. The company’s fifty day moving average price is $74.84 and its 200-day moving average price is $78.25.

Xcel Energy (NASDAQ:XEL) last released its earnings results on Wednesday, October 28th. The company reported $1.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.39 by $0.13. Xcel Energy had a return on equity of 11.10% and a net margin of 17.94%. The firm had revenue of $4.17 billion for the quarter, compared to the consensus estimate of $4.26 billion. During the same period in the prior year, the firm earned $1.24 EPS. The firm’s revenue was up 6.6% on a year-over-year basis. On average, equities research analysts predict that Xcel Energy Inc. will post 4.14 EPS for the current year.

Xcel Energy Company Profile

Xcel Energy Inc is a public utility holding company that provides electricity and natural gas services to residential, commercial, and industrial customers. Its operations include the generation, transmission, distribution, and sale of electricity, as well as the distribution and sale of natural gas.

The company serves customers across Colorado, Michigan, Minnesota, New Mexico, North Dakota, South Dakota, Texas, and Wisconsin through operating companies including Northern States Power, Public Service Company of Colorado, Southwestern Public Service Company, and NSP-Wisconsin.