Mirae Asset Global Investments Co. Ltd. acquired a new stake in Xcel Energy Inc. (NASDAQ:XEL – Free Report) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 482,744 shares of the company’s stock, valued at approximately $34,024,000.
A number of other institutional investors have also bought and sold shares of the business. James T. Borello RIA boosted its holdings in shares of Xcel Energy by 59.6% during the 3rd quarter. James T. Borello RIA now owns 367 shares of the company’s stock worth $26,000 after purchasing an additional 137 shares during the last quarter. KCM Investment Advisors LLC grew its holdings in Xcel Energy by 1.9% in the 1st quarter. KCM Investment Advisors LLC now owns 7,549 shares of the company’s stock valued at $600,000 after buying an additional 140 shares in the last quarter. Cidel Asset Management Inc. grew its holdings in Xcel Energy by 3.3% in the 2nd quarter. Cidel Asset Management Inc. now owns 4,692 shares of the company’s stock valued at $377,000 after buying an additional 149 shares in the last quarter. Birchwood Financial Partners Inc. grew its holdings in Xcel Energy by 1.7% in the 1st quarter. Birchwood Financial Partners Inc. now owns 9,252 shares of the company’s stock valued at $735,000 after buying an additional 158 shares in the last quarter. Finally, Wealth Group Ltd. increased its stake in shares of Xcel Energy by 6.1% in the 3rd quarter. Wealth Group Ltd. now owns 2,914 shares of the company’s stock worth $208,000 after acquiring an additional 167 shares during the last quarter. 78.38% of the stock is owned by hedge funds and other institutional investors.
Xcel Energy News Summary
Here are the key news stories impacting Xcel Energy this week:
- Positive Sentiment: Third-quarter EPS beat expectations. Xcel reported ongoing earnings of $1.52 per share, up from $1.24 a year earlier and above the $1.39 analyst consensus. Higher electric sales, favorable weather and increased recovery of electric costs supported results. Xcel Energy Q3 revenue jumps 6.6% to $4.17B as EPS beats forecasts
- Positive Sentiment: Long-term growth investment increased. Xcel outlined a roughly $70 billion, five-year capital investment plan, aimed at expanding and upgrading its electric system to meet rising demand. The company also initiated 2027 EPS guidance of $4.48 to $4.62, providing investors with a new earnings framework. Xcel outlines $70B 5-year investment plan while initiating 2027 EPS guidance
- Positive Sentiment: Analyst sentiment remained supportive. Barclays raised its price target to $94 from $85, while RBC Capital Markets maintained a Buy rating, signaling confidence in Xcel’s regulated utility growth prospects. Barclays Adjusts Price Target on Xcel Energy to $94 From $85
- Neutral Sentiment: Revenue grew but missed estimates. Third-quarter revenue rose 6.6% year over year to $4.17 billion, though it fell short of the $4.26 billion consensus, limiting the impact of the earnings beat. Xcel Energy Q3 Earnings Beat Estimates, Revenues Increase Year over Year
- Negative Sentiment: 2026 earnings guidance was lowered or narrowed. Management reduced its full-year ongoing EPS outlook despite the quarterly beat, reflecting uncertainty around the timing of cost recovery and operating conditions. The large investment program may also increase financing and execution requirements. Xcel Energy Q3 Earnings Beat Estimates, Revenues Increase Year over Year
Analyst Ratings Changes
Several research firms have recently commented on XEL. Barclays reduced their price target on Xcel Energy from $90.00 to $85.00 and set an “overweight” rating on the stock in a report on Thursday, October 15th. UBS Group raised their price objective on shares of Xcel Energy from $91.00 to $96.00 in a research report on Monday, July 6th. Mizuho set a $92.00 target price on shares of Xcel Energy and gave the stock an “outperform” rating in a research note on Friday, July 31st. BMO Capital Markets decreased their target price 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. Finally, The Goldman Sachs Group dropped their price target on shares of Xcel Energy from $95.00 to $93.00 in a research note on Thursday, October 15th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $90.28.
View Our Latest Report on Xcel Energy
Xcel Energy Price Performance
NASDAQ:XEL opened at $79.82 on Monday. Xcel Energy Inc. has a 52 week low of $68.72 and a 52 week high of $84.23. The company has a quick ratio of 0.61, a current ratio of 0.69 and a debt-to-equity ratio of 1.43. The company has a market capitalization of $51.23 billion, a P/E ratio of 18.61, a P/E/G ratio of 2.65 and a beta of 0.34. The stock’s fifty day moving average is $74.68 and its two-hundred day moving average is $78.19.
Xcel Energy (NASDAQ:XEL – Get Free Report) last announced its quarterly earnings results on Wednesday, October 28th. The company reported $1.52 EPS for the quarter, beating the consensus estimate of $1.39 by $0.13. The business had revenue of $4.17 billion for the quarter, compared to analyst estimates of $4.26 billion. Xcel Energy had a return on equity of 11.10% and a net margin of 17.94%. The company’s quarterly revenue was up 6.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.24 EPS. Equities analysts expect that Xcel Energy Inc. will post 4.13 EPS for the current year.
Xcel Energy Company Profile
Xcel Energy Inc is a public utility holding company that provides electricity and natural gas services to residential, commercial, and industrial customers. Its operations include the generation, transmission, distribution, and sale of electricity, as well as the distribution and sale of natural gas.
The company serves customers across Colorado, Michigan, Minnesota, New Mexico, North Dakota, South Dakota, Texas, and Wisconsin through operating companies including Northern States Power, Public Service Company of Colorado, Southwestern Public Service Company, and NSP-Wisconsin.
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