Machina Capital S.A.S. Acquires 83,022 Shares of Xcel Energy Inc. $XEL

Machina Capital S.A.S. raised its holdings in shares of Xcel Energy Inc. (NASDAQ:XEL) by 238.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 117,798 shares of the company’s stock after acquiring an additional 83,022 shares during the quarter. Xcel Energy makes up 1.1% of Machina Capital S.A.S.’s investment portfolio, making the stock its 6th largest holding. Machina Capital S.A.S.’s holdings in Xcel Energy were worth $8,302,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. Pin Oak Investment Advisors Inc. acquired a new stake in shares of Xcel Energy during the second quarter worth approximately $29,000. James T. Borello RIA grew its position in Xcel Energy by 59.6% during the third quarter. James T. Borello RIA now owns 367 shares of the company’s stock valued at $26,000 after purchasing an additional 137 shares in the last quarter. GK Wealth Management LLC purchased a new position in Xcel Energy during the third quarter valued at approximately $28,000. First Bancorp Inc ME purchased a new position in Xcel Energy during the second quarter valued at approximately $36,000. Finally, Archer Investment Corp acquired a new position in Xcel Energy in the 2nd quarter valued at approximately $40,000. Institutional investors and hedge funds own 78.38% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Royal Bank Of Canada set a $86.00 target price on shares of Xcel Energy in a research report on Tuesday, October 20th. BMO Capital Markets lowered their price target on shares of Xcel Energy from $91.00 to $86.00 and set an “outperform” rating on the stock in a report on Tuesday, October 20th. Scotiabank began coverage on shares of Xcel Energy in a research note on Tuesday, September 29th. They issued a “sector outperform” rating and a $77.00 price target on the stock. JPMorgan Chase & Co. dropped their price target on shares of Xcel Energy from $97.00 to $92.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 13th. Finally, KeyCorp cut their price objective on Xcel Energy from $90.00 to $87.00 and set an “overweight” rating for the company in a report on Tuesday, October 13th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $90.71.

Xcel Energy Trading Down 0.1%

Shares of NASDAQ XEL opened at $80.12 on Wednesday. The stock has a market cap of $51.43 billion, a price-to-earnings ratio of 18.68, a PEG ratio of 2.59 and a beta of 0.34. The business has a 50 day simple moving average of $75.10 and a 200 day simple moving average of $78.33. Xcel Energy Inc. has a 52 week low of $68.72 and a 52 week high of $84.23. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.61 and a current ratio of 0.69.

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

Xcel Energy Profile

Xcel Energy Inc. is a regulated electric and natural gas utility headquartered in Minneapolis, Minnesota. Through its operating companies, it generates, purchases, transmits and distributes electricity, and delivers natural gas to residential, commercial and industrial customers. The company serves customers in eight states: Colorado, Michigan, Minnesota, New Mexico, North Dakota, South Dakota, Texas and Wisconsin. Its electric system includes a mix of generation resources, supported by transmission and distribution networks.