Xcel Energy Inc. (NASDAQ:XEL) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. decreased its position in shares of Xcel Energy Inc. (NASDAQ:XELFree Report) by 27.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,488,784 shares of the company’s stock after selling 2,098,779 shares during the quarter. Victory Capital Management Inc. owned 0.98% of Xcel Energy worth $358,418,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of XEL. Price T Rowe Associates Inc. MD lifted its stake in Xcel Energy by 770.0% in 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 buying an additional 6,684,499 shares in the last quarter. Jupiter Asset Management Ltd. purchased a new position in shares of Xcel Energy in the first quarter valued at approximately $80,283,000. Federated Hermes Inc. boosted its stake in shares of Xcel Energy by 120.2% in the second quarter. Federated Hermes Inc. now owns 2,379,615 shares of the company’s stock worth $127,095,000 after acquiring an additional 1,299,025 shares during the last quarter. American Century Companies Inc. increased its position in shares of Xcel Energy by 130.4% during the second 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 in the last quarter. Finally, Zimmer Partners LP lifted its holdings in 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.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on XEL. Jefferies Financial Group raised shares of Xcel Energy from a “hold” rating to a “buy” rating and boosted their price target for the company from $71.00 to $76.00 in a research report on Friday, November 1st. 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 report on Friday, November 1st. Argus upgraded Xcel Energy from a “hold” rating to a “buy” rating and set a $68.00 target price for the company in a report on Monday, August 26th. Wells Fargo & Company increased their price target on shares of Xcel Energy from $63.00 to $66.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 16th. Finally, UBS Group raised their price target on shares of Xcel Energy from $66.00 to $67.00 and gave the company a “neutral” rating in a research report on Friday, September 20th. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $66.38.

View Our Latest Stock Report on Xcel Energy

Xcel Energy Stock Up 1.0 %

NASDAQ XEL traded up $0.67 during trading on Tuesday, hitting $69.32. The stock had a trading volume of 426,868 shares, compared to its average volume of 4,201,389. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.82 and a current ratio of 0.93. The company’s 50-day moving average price is $64.29 and its two-hundred day moving average price is $58.83. The company has a market capitalization of $39.81 billion, a PE ratio of 20.37, a P/E/G ratio of 2.75 and a beta of 0.38. Xcel Energy Inc. has a 12 month low of $46.79 and a 12 month high of $69.35.

Xcel Energy (NASDAQ:XELGet Free Report) last issued 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). The business had revenue of $3.64 billion during the quarter, compared to the consensus estimate of $3.93 billion. Xcel Energy had a net margin of 13.67% and a return on equity of 10.76%. The firm’s quarterly revenue was down .5% compared to the same quarter last year. During the same quarter last year, the business earned $1.23 EPS. As a group, sell-side analysts forecast that Xcel Energy Inc. will post 3.55 EPS for the current year.

Xcel Energy Profile

(Free Report)

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.

Featured Stories

Institutional Ownership by Quarter for Xcel Energy (NASDAQ:XEL)

Receive News & Ratings for Xcel Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Xcel Energy and related companies with MarketBeat.com's FREE daily email newsletter.