Xcel Energy Inc. $XEL Shares Purchased by EP Wealth Advisors LLC

EP Wealth Advisors LLC raised its holdings in Xcel Energy Inc. (NASDAQ:XEL) by 3,324.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 347,699 shares of the company’s stock after buying an additional 337,546 shares during the period. EP Wealth Advisors LLC owned about 0.06% of Xcel Energy worth $23,678,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. State Street Corp raised its position in shares of Xcel Energy by 0.4% during the 2nd quarter. State Street Corp now owns 34,144,257 shares of the company’s stock worth $2,344,295,000 after acquiring an additional 126,790 shares in the last quarter. Bank of America Corp DE grew its position in shares of Xcel Energy by 9.0% in the 2nd quarter. Bank of America Corp DE now owns 26,262,079 shares of the company’s stock valued at $1,788,448,000 after buying an additional 2,157,602 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in 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 acquiring an additional 6,109,190 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in Xcel Energy by 10.3% during 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 acquiring an additional 1,746,066 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position 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 acquiring an additional 460,103 shares during the last quarter. 78.38% of the stock is owned by institutional investors and hedge funds.

Xcel Energy Trading Up 0.6%

NASDAQ XEL opened at $75.15 on Friday. The company has a quick ratio of 0.69, a current ratio of 0.79 and a debt-to-equity ratio of 1.51. The firm has a 50-day moving average price of $80.02 and a 200 day moving average price of $74.42. Xcel Energy Inc. has a 52-week low of $62.58 and a 52-week high of $83.01. The stock has a market capitalization of $44.45 billion, a P/E ratio of 22.91, a P/E/G ratio of 2.21 and a beta of 0.45.

Xcel Energy (NASDAQ:XEL) last issued its earnings results 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). Xcel Energy had a return on equity of 10.45% and a net margin of 13.46%.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 company posted $1.25 earnings per share. The business’s quarterly revenue was up 7.4% on a year-over-year basis. Equities research analysts expect that Xcel Energy Inc. will post 3.82 EPS for the current year.

Analysts Set New Price Targets

XEL has been the topic of several research reports. Barclays raised their price objective on Xcel Energy from $83.00 to $85.00 and gave the stock an “overweight” rating in a report on Wednesday, November 5th. Bank of America boosted their price objective on Xcel Energy from $78.00 to $84.00 and gave the company a “buy” rating in a research note on Thursday, September 25th. UBS Group set a $85.00 price target on shares of Xcel Energy in a research report on Wednesday, November 5th. KeyCorp dropped their price objective on shares of Xcel Energy from $85.00 to $84.00 and set an “overweight” rating on the stock in a research note on Friday. Finally, Evercore ISI began coverage on shares of Xcel Energy in a report on Monday, October 6th. They issued an “outperform” rating and a $92.00 target price for the company. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $87.57.

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.