Xcel Energy Inc. (NASDAQ:XEL) Shares Purchased by Intact Investment Management Inc.

Intact Investment Management Inc. grew its holdings in shares of Xcel Energy Inc. (NASDAQ:XEL) by 8.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 121,550 shares of the company’s stock after buying an additional 9,400 shares during the quarter. Intact Investment Management Inc.’s holdings in Xcel Energy were worth $7,937,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD grew its holdings in Xcel Energy by 770.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 7,552,625 shares of the company’s stock valued at $405,955,000 after purchasing an additional 6,684,499 shares in the last quarter. Jupiter Asset Management Ltd. acquired a new stake in Xcel Energy during the 1st quarter valued at approximately $80,283,000. Federated Hermes Inc. grew its stake in Xcel Energy by 120.2% during the 2nd quarter. Federated Hermes Inc. now owns 2,379,615 shares of the company’s stock valued at $127,095,000 after purchasing an additional 1,299,025 shares in the last quarter. American Century Companies Inc. increased its holdings in Xcel Energy by 130.4% during the 2nd quarter. American Century Companies Inc. now owns 2,084,345 shares of the company’s stock worth $111,325,000 after purchasing an additional 1,179,823 shares during the last quarter. Finally, Zimmer Partners LP raised its position in shares of Xcel Energy by 1,765.0% in the 1st quarter. Zimmer Partners LP now owns 932,505 shares of the company’s stock valued at $50,122,000 after purchasing an additional 882,505 shares in the last quarter. Institutional investors and hedge funds own 78.38% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Morgan Stanley lifted their price target on shares of Xcel Energy from $68.00 to $73.00 and gave the stock an “equal weight” rating in a research note on Wednesday, September 25th. KeyCorp upped their target price on shares of Xcel Energy from $69.00 to $74.00 and gave the company an “overweight” rating in a research note on Friday. UBS Group increased their price target on shares of Xcel Energy from $66.00 to $67.00 and gave the stock a “neutral” rating in a research report on Friday, September 20th. Wells Fargo & Company upped their price objective on Xcel Energy from $63.00 to $66.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 16th. Finally, Barclays lifted their target price on Xcel Energy from $57.00 to $67.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. Seven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $66.38.

Xcel Energy Trading Down 0.2 %

Shares of NASDAQ:XEL opened at $66.69 on Monday. The company has a quick ratio of 0.86, a current ratio of 0.97 and a debt-to-equity ratio of 1.54. The company’s 50-day moving average price is $63.61 and its 200 day moving average price is $58.33. The company has a market cap of $37.18 billion, a PE ratio of 19.79, a P/E/G ratio of 2.94 and a beta of 0.38. Xcel Energy Inc. has a fifty-two week low of $46.79 and a fifty-two week high of $68.36.

Xcel Energy (NASDAQ:XEL) last issued 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 return on equity of 10.99% and a net margin of 13.67%. The business had revenue of $3.64 billion for the quarter, compared to analyst estimates of $3.93 billion. During the same quarter in the prior year, the firm posted $1.23 earnings per share. The business’s quarterly revenue was down .5% on a year-over-year basis. Sell-side analysts anticipate that Xcel Energy Inc. will post 3.55 earnings per share for the current 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.