Cbre Investment Management Listed Real Assets LLC Buys 64,122 Shares of Xcel Energy Inc. $XEL

Cbre Investment Management Listed Real Assets LLC raised its position in shares of Xcel Energy Inc. (NASDAQ:XEL) by 4.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,519,160 shares of the company’s stock after buying an additional 64,122 shares during the quarter. Xcel Energy comprises 1.6% of Cbre Investment Management Listed Real Assets LLC’s portfolio, making the stock its 25th biggest holding. Cbre Investment Management Listed Real Assets LLC owned approximately 0.26% of Xcel Energy worth $103,455,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Accent Capital Management LLC purchased a new stake in shares of Xcel Energy during the 1st quarter valued at about $29,000. BankPlus Trust Department bought a new stake in Xcel Energy during the first quarter worth approximately $34,000. Rise Advisors LLC raised its position in Xcel Energy by 62.9% during the second quarter. Rise Advisors LLC now owns 518 shares of the company’s stock valued at $35,000 after purchasing an additional 200 shares during the period. Marshall & Sullivan Inc. WA purchased a new stake in Xcel Energy during the second quarter valued at approximately $44,000. Finally, RMG Wealth Management LLC bought a new stake in shares of Xcel Energy in the 2nd quarter valued at approximately $46,000. 78.38% of the stock is owned by hedge funds and other institutional investors.

Xcel Energy Stock Performance

XEL stock opened at $80.54 on Friday. Xcel Energy Inc. has a 1-year low of $62.58 and a 1-year high of $83.01. The business has a 50-day moving average price of $77.63 and a 200 day moving average price of $72.83. The company has a market capitalization of $47.63 billion, a P/E ratio of 22.31, a PEG ratio of 2.81 and a beta of 0.38. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.96 and a quick ratio of 0.85.

Xcel Energy (NASDAQ:XEL) last posted its earnings results on Thursday, October 30th. The company reported $1.24 EPS for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.08). Xcel Energy had a net margin of 14.85% and a return on equity of 10.52%. The business had revenue of $3.92 billion for the quarter, compared to analysts’ expectations of $3.89 billion. During the same period last year, the business posted $1.25 EPS. The company’s revenue for the quarter was up 7.4% on a year-over-year basis. As a group, equities research analysts forecast that Xcel Energy Inc. will post 3.82 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

XEL has been the topic of several recent research reports. Morgan Stanley set a $86.00 price target on Xcel Energy and gave the company an “outperform” rating in a report on Wednesday, October 22nd. Citigroup boosted their price objective on shares of Xcel Energy from $80.00 to $92.00 and gave the company a “buy” rating in a research report on Monday. TD Cowen started coverage on shares of Xcel Energy in a report on Thursday, October 16th. They issued a “buy” rating and a $93.00 target price for the company. UBS Group set a $85.00 price target on shares of Xcel Energy in a research note on Wednesday. Finally, Mizuho upped their price target on shares of Xcel Energy from $83.00 to $87.00 and gave the company an “outperform” rating in a report on Monday, October 27th. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $87.29.

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.