US Bancorp DE Lowers Holdings in Xcel Energy Inc. (NASDAQ:XEL)

US Bancorp DE trimmed its position in shares of Xcel Energy Inc. (NASDAQ:XEL) by 4.2% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 348,852 shares of the company’s stock after selling 15,272 shares during the quarter. US Bancorp DE owned about 0.06% of Xcel Energy worth $22,780,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Integris Wealth Management LLC raised its stake in shares of Xcel Energy by 2.7% in the third quarter. Integris Wealth Management LLC now owns 6,163 shares of the company’s stock worth $402,000 after purchasing an additional 163 shares during the last quarter. Gateway Wealth Partners LLC boosted its holdings in shares of Xcel Energy by 4.3% during the 2nd quarter. Gateway Wealth Partners LLC now owns 4,413 shares of the company’s stock valued at $236,000 after acquiring an additional 182 shares during the last quarter. Sumitomo Life Insurance Co. grew its stake in shares of Xcel Energy by 2.9% in the third quarter. Sumitomo Life Insurance Co. now owns 6,591 shares of the company’s stock worth $430,000 after acquiring an additional 183 shares during the period. Dakota Wealth Management boosted its holdings in Xcel Energy by 0.9% in the third quarter. Dakota Wealth Management now owns 22,979 shares of the company’s stock worth $1,500,000 after purchasing an additional 205 shares during the last quarter. Finally, Avantax Advisory Services Inc. raised its stake in Xcel Energy by 1.3% during the 1st quarter. Avantax Advisory Services Inc. now owns 16,054 shares of the company’s stock valued at $863,000 after buying an additional 212 shares during the last quarter. 78.38% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on XEL shares. Wells Fargo & Company raised their price target on Xcel Energy from $63.00 to $66.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 16th. Argus raised Xcel Energy from a “hold” rating to a “buy” rating and set a $68.00 target price on the stock in a research report on Monday, August 26th. Jefferies Financial Group raised shares of Xcel Energy from a “hold” rating to a “buy” rating and upped their price target for the company from $71.00 to $76.00 in a research report on Friday. Morgan Stanley raised their price objective on shares of Xcel Energy from $68.00 to $73.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 25th. Finally, UBS Group upped their target price on shares of Xcel Energy from $66.00 to $67.00 and gave the company a “neutral” rating in a report on Friday, September 20th. Seven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, Xcel Energy has an average rating of “Moderate Buy” and a consensus target price of $66.38.

Xcel Energy Stock Performance

NASDAQ:XEL opened at $66.69 on Friday. The stock has a 50-day moving average price of $63.61 and a 200 day moving average price of $58.25. The company has a current ratio of 0.97, a quick ratio of 0.86 and a debt-to-equity ratio of 1.54. Xcel Energy Inc. has a 12-month low of $46.79 and a 12-month high of $68.36. The stock has a market capitalization of $37.18 billion, a P/E ratio of 19.91, a P/E/G ratio of 2.77 and a beta of 0.39.

Xcel Energy (NASDAQ:XEL) last released its quarterly earnings data on Thursday, October 31st. The company reported $1.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.31 by ($0.06). Xcel Energy had a net margin of 13.46% and a return on equity of 10.94%. The company had revenue of $3.64 billion for the quarter, compared to the consensus estimate of $3.93 billion. During the same quarter in the previous year, the business earned $1.23 EPS. The company’s quarterly revenue was down .5% on a year-over-year basis. Equities research analysts forecast that Xcel Energy Inc. will post 3.55 EPS for the current fiscal year.

About Xcel Energy

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.