Xcel Energy Inc. $XEL Stake Boosted by Pictet Asset Management Holding SA

by · The Cerbat Gem

Pictet Asset Management Holding SA boosted its holdings in Xcel Energy Inc. (NASDAQ:XEL – Free Report) by 1.9% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,210,086 shares of the company’s stock after acquiring an additional 171,514 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Xcel Energy were worth $649,128,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Pin Oak Investment Advisors Inc. purchased a new stake in Xcel Energy during the second quarter worth $29,000. James T. Borello RIA boosted its stake 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. GK Wealth Management LLC purchased a new stake in Xcel Energy in the 3rd quarter worth approximately $28,000. First Bancorp Inc ME purchased a new position in shares of Xcel Energy during the 2nd quarter worth $36,000. Finally, Cedar Mountain Advisors LLC purchased a new position in shares of Xcel Energy during the 1st quarter worth $39,000. 78.38% of the stock is currently owned by institutional investors and hedge funds.

Xcel Energy Trading Down 0.9%

NASDAQ:XEL opened at $79.67 on Friday. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.61 and a current ratio of 0.69. Xcel Energy Inc. has a one year low of $68.72 and a one year high of $84.23. The business’s 50-day simple moving average is $74.94 and its 200 day simple moving average is $78.29. The stock has a market cap of $51.14 billion, a price-to-earnings ratio of 18.57, a price-to-earnings-growth ratio of 2.58 and a beta of 0.34.

Xcel Energy (NASDAQ:XEL – Get Free Report) last issued its quarterly earnings data on Wednesday, October 28th. The company reported $1.52 earnings per share for the quarter, beating analysts’ consensus estimates of $1.39 by $0.13. Xcel Energy had a return on equity of 11.10% and a net margin of 17.94%. The firm had revenue of $4.17 billion during the quarter, compared to analyst estimates of $4.26 billion. During the same quarter last year, the firm earned $1.24 EPS. Xcel Energy’s quarterly revenue was up 6.6% on a year-over-year basis. As a group, sell-side analysts predict that Xcel Energy Inc. will post 4.14 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on XEL shares. Weiss Ratings upgraded Xcel Energy from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday. JPMorgan Chase & Co. dropped their target price on Xcel Energy from $97.00 to $92.00 and set an “overweight” rating for the company in a research note on Tuesday, October 13th. BMO Capital Markets cut their price objective 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. KeyCorp cut their target price on Xcel Energy from $90.00 to $87.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 13th. Finally, The Goldman Sachs Group reduced their price target on shares of Xcel Energy from $95.00 to $93.00 in a research report on Thursday, October 15th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, Xcel Energy currently has an average rating of “Buy” and a consensus price target of $90.71.

Get Our Latest Stock Report on XEL

About Xcel Energy

(Free Report)

Xcel Energy Inc is a regulated electric and natural gas utility headquartered in Minneapolis, Minnesota. Through its operating companies, it generates, purchases, transmits and distributes electricity, and delivers natural gas to residential, commercial and industrial customers.

The company serves customers in eight states: Colorado, Michigan, Minnesota, New Mexico, North Dakota, South Dakota, Texas and Wisconsin. Its electric system includes a mix of generation resources, supported by transmission and distribution networks.

Xcel Energy traces its roots to Northern States Power Company, founded in 1909.

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