16,315 Xcel Energy Inc. $XEL Shares Sold by Vise Technologies Inc.

by · The Markets Daily

Vise Technologies Inc. cut its holdings in shares of Xcel Energy Inc. (NASDAQ:XEL – Free Report) by 26.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 44,619 shares of the company’s stock after selling 16,315 shares during the period. Vise Technologies Inc.’s holdings in Xcel Energy were worth $3,145,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Bank of New York Mellon Corp purchased a new stake in shares of Xcel Energy in the second quarter valued at about $280,187,000. Engineers Gate Manager LP purchased a new position in shares of Xcel Energy during the second quarter worth about $7,894,000. Jupiter Topco LLC purchased a new position in shares of Xcel Energy during the second quarter worth about $94,211,000. Allianz Asset Management GmbH grew its holdings in shares of Xcel Energy by 10,366.0% during the second quarter. Allianz Asset Management GmbH now owns 316,702 shares of the company’s stock worth $25,431,000 after buying an additional 313,676 shares during the last quarter. Finally, Bank of America Corp DE increased its position in Xcel Energy by 1.7% in the 2nd quarter. Bank of America Corp DE now owns 29,933,748 shares of the company’s stock valued at $2,403,680,000 after acquiring an additional 491,937 shares during the period. 78.38% of the stock is currently owned by hedge funds and other institutional investors.

Xcel Energy Stock Performance

NASDAQ XEL opened at $80.50 on Thursday. The company has a current ratio of 0.69, a quick ratio of 0.61 and a debt-to-equity ratio of 1.43. The business’s 50 day moving average is $74.84 and its two-hundred day moving average is $78.25. Xcel Energy Inc. has a 12-month low of $68.72 and a 12-month high of $84.23. The stock has a market capitalization of $51.67 billion, a price-to-earnings ratio of 18.76, a PEG ratio of 3.81 and a beta of 0.34.

Xcel Energy (NASDAQ:XEL – Get Free Report) last issued its earnings results on Wednesday, October 28th. The company reported $1.52 earnings per share (EPS) for the quarter, topping 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 business had revenue of $4.17 billion during the quarter, compared to the consensus estimate of $4.26 billion. During the same period in the prior year, the business posted $1.24 EPS. The company’s revenue for the quarter was up 6.6% on a year-over-year basis. Research analysts expect that Xcel Energy Inc. will post 4.14 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have commented on XEL shares. Morgan Stanley upped their price objective on Xcel Energy from $83.00 to $85.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 21st. Scotiabank began coverage on Xcel Energy in a research note on Tuesday, September 29th. They issued a “sector outperform” rating and a $77.00 target price on the stock. BTIG Research set a $92.00 target price on Xcel Energy in a report on Friday, October 30th. The Goldman Sachs Group cut their price target on Xcel Energy from $95.00 to $93.00 in a research note on Thursday, October 15th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Xcel Energy from $97.00 to $92.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 13th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Xcel Energy has an average rating of “Buy” and a consensus target price of $90.71.

Check Out Our Latest Report on Xcel Energy

About Xcel Energy

(Free Report)

Xcel Energy Inc is a public utility holding company that provides electricity and natural gas services to residential, commercial, and industrial customers. Its operations include the generation, transmission, distribution, and sale of electricity, as well as the distribution and sale of natural gas.

The company serves customers across Colorado, Michigan, Minnesota, New Mexico, North Dakota, South Dakota, Texas, and Wisconsin through operating companies including Northern States Power, Public Service Company of Colorado, Southwestern Public Service Company, and NSP-Wisconsin.

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