Citizens Financial Group Inc. RI Boosts Stock Position in Xcel Energy Inc. $XEL

Citizens Financial Group Inc. RI raised its holdings in Xcel Energy Inc. (NASDAQ:XEL) by 42.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,084 shares of the company’s stock after purchasing an additional 2,122 shares during the quarter. Citizens Financial Group Inc. RI’s holdings in Xcel Energy were worth $482,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in XEL. Vanguard Group Inc. grew its position in Xcel Energy by 1.3% during the first quarter. Vanguard Group Inc. now owns 74,818,158 shares of the company’s stock valued at $5,296,377,000 after buying an additional 986,170 shares during the period. Price T Rowe Associates Inc. MD grew its position 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 valued at $1,827,090,000 after acquiring an additional 6,109,190 shares during the period. JPMorgan Chase & Co. increased 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 purchasing an additional 1,520,092 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of Xcel Energy by 10.3% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 18,719,520 shares of the company’s stock worth $1,274,799,000 after purchasing an additional 1,746,066 shares during the period. Finally, Geode Capital Management LLC lifted its stake in Xcel Energy by 2.9% in the second quarter. Geode Capital Management LLC now owns 16,191,204 shares of the company’s stock valued at $1,108,006,000 after purchasing an additional 460,103 shares during the last quarter. 78.38% of the stock is currently owned by institutional investors.

Xcel Energy Trading Down 0.4%

NASDAQ:XEL opened at $81.00 on Wednesday. Xcel Energy Inc. has a 1 year low of $62.58 and a 1 year high of $83.01. The stock’s fifty day moving average price is $79.00 and its two-hundred day moving average price is $73.45. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.96 and a quick ratio of 0.85. The company has a market cap of $47.91 billion, a P/E ratio of 22.44, a P/E/G ratio of 2.81 and a beta of 0.38.

Xcel Energy (NASDAQ:XEL) last released its quarterly earnings data on Wednesday, October 29th. The company reported $1.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.08). The company had revenue of $3.92 billion for the quarter, compared to the consensus estimate of $3.89 billion. Xcel Energy had a net margin of 14.85% and a return on equity of 10.52%. The business’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.25 earnings per share. As a group, analysts expect that Xcel Energy Inc. will post 3.82 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have issued reports on XEL shares. BTIG Research raised Xcel Energy to a “strong-buy” rating in a research report on Wednesday, October 22nd. Citigroup lifted their price objective on Xcel Energy from $80.00 to $92.00 and gave the stock a “buy” rating in a report on Monday, November 3rd. Morgan Stanley set a $86.00 price objective on Xcel Energy and gave the company an “outperform” rating in a research note on Wednesday, October 22nd. Cowen started coverage on shares of Xcel Energy in a research report on Wednesday, October 15th. They set a “buy” rating for the company. Finally, Royal Bank Of Canada assumed coverage on shares of Xcel Energy in a research note on Tuesday, October 28th. They issued a “moderate buy” rating for the company. Two research 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 company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $87.29.

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.