UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Lowers Position in Xcel Energy Inc. (NASDAQ:XEL)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its position in shares of Xcel Energy Inc. (NASDAQ:XEL) by 15.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,244,375 shares of the company’s stock after selling 425,341 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.39% of Xcel Energy worth $146,558,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Ashton Thomas Securities LLC bought a new position in shares of Xcel Energy during the third quarter valued at about $25,000. TruNorth Capital Management LLC purchased a new stake in Xcel Energy in the 2nd quarter valued at about $30,000. American National Bank bought a new position in shares of Xcel Energy during the 2nd quarter worth approximately $32,000. Transcendent Capital Group LLC purchased a new position in shares of Xcel Energy in the 3rd quarter worth approximately $33,000. Finally, Kimelman & Baird LLC bought a new position in shares of Xcel Energy in the second quarter valued at approximately $35,000. Institutional investors own 78.38% of the company’s stock.

Xcel Energy Trading Down 0.5 %

Shares of XEL stock opened at $72.56 on Friday. Xcel Energy Inc. has a 1 year low of $46.79 and a 1 year high of $73.38. The company’s fifty day simple moving average is $66.23 and its two-hundred day simple moving average is $60.37. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.93 and a quick ratio of 0.82. The stock has a market capitalization of $41.67 billion, a price-to-earnings ratio of 21.53, a PEG ratio of 2.98 and a beta of 0.38.

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 analysts’ consensus estimates of $1.26 by ($0.01). Xcel Energy had a net margin of 13.67% and a return on equity of 10.76%. 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 firm posted $1.23 earnings per share. The business’s revenue for the quarter was down .5% compared to the same quarter last year. As a group, analysts anticipate that Xcel Energy Inc. will post 3.54 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Jefferies Financial Group upgraded Xcel Energy from a “hold” rating to a “buy” rating and lifted their price target for the stock from $71.00 to $76.00 in a report on Friday, November 1st. Wells Fargo & Company boosted their price target on shares of Xcel Energy from $63.00 to $66.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 16th. Barclays raised their price objective on shares of Xcel Energy from $67.00 to $71.00 and gave the stock an “overweight” rating in a report on Tuesday, November 26th. UBS Group boosted their target price on shares of Xcel Energy from $66.00 to $67.00 and gave the company a “neutral” rating in a research note on Friday, September 20th. Finally, KeyCorp raised their price target on shares of Xcel Energy from $69.00 to $74.00 and gave the stock an “overweight” rating in a research note on Friday, November 1st. Seven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, Xcel Energy currently has a consensus rating of “Moderate Buy” and an average target price of $66.62.

Xcel Energy Company 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.