Hudson Bay Capital Management LP Has $12.73 Million Holdings in Xcel Energy Inc. $XEL

Hudson Bay Capital Management LP decreased its holdings in shares of Xcel Energy Inc. (NASDAQ:XEL) by 34.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 186,991 shares of the company’s stock after selling 98,334 shares during the quarter. Hudson Bay Capital Management LP’s holdings in Xcel Energy were worth $12,734,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Twin Peaks Wealth Advisors LLC bought a new stake in Xcel Energy during the 2nd quarter worth about $25,000. Clearstead Trust LLC grew its holdings in shares of Xcel Energy by 202.2% in the 2nd quarter. Clearstead Trust LLC now owns 417 shares of the company’s stock valued at $28,000 after acquiring an additional 279 shares in the last quarter. Rise Advisors LLC increased its position in shares of Xcel Energy by 62.9% in the second quarter. Rise Advisors LLC now owns 518 shares of the company’s stock valued at $35,000 after acquiring an additional 200 shares during the last quarter. Marshall & Sullivan Inc. WA acquired a new stake in shares of Xcel Energy in the second quarter valued at about $44,000. Finally, RMG Wealth Management LLC bought a new stake in Xcel Energy during the second quarter worth about $46,000. Institutional investors own 78.38% of the company’s stock.

Xcel Energy Stock Performance

Shares of NASDAQ XEL opened at $75.15 on Monday. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.79 and a quick ratio of 0.69. The stock’s fifty day moving average price is $80.02 and its two-hundred day moving average price is $74.49. Xcel Energy Inc. has a one year low of $62.58 and a one year high of $83.01. The firm has a market cap of $44.45 billion, a price-to-earnings ratio of 22.91, a P/E/G ratio of 2.22 and a beta of 0.45.

Xcel Energy (NASDAQ:XEL) last posted its earnings results on Wednesday, October 29th. The company reported $1.24 earnings per share for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.08). The firm had revenue of $3.92 billion for the quarter, compared to analyst estimates of $3.89 billion. Xcel Energy had a return on equity of 10.45% and a net margin of 13.46%.The firm’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same period in the prior year, the business posted $1.25 EPS. On average, equities analysts forecast that Xcel Energy Inc. will post 3.82 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on XEL. Bank of America raised their price target on Xcel Energy from $78.00 to $84.00 and gave the company a “buy” rating in a research note on Thursday, September 25th. Royal Bank Of Canada began coverage on Xcel Energy in a report on Tuesday, October 28th. They issued a “moderate buy” rating for the company. JPMorgan Chase & Co. decreased their target price on shares of Xcel Energy from $90.00 to $87.00 and set an “overweight” rating for the company in a research note on Thursday. KeyCorp lowered their target price on shares of Xcel Energy from $85.00 to $84.00 and set an “overweight” rating on the stock in a report on Friday. Finally, Mizuho increased their price target on shares of Xcel Energy from $83.00 to $87.00 and gave the company an “outperform” rating in a research note on Monday, October 27th. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target 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.