Public Sector Pension Investment Board Boosts Holdings in Xcel Energy Inc. (NASDAQ:XEL)

Public Sector Pension Investment Board lifted its position in shares of Xcel Energy Inc. (NASDAQ:XEL) by 3.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 97,398 shares of the company’s stock after purchasing an additional 3,200 shares during the period. Public Sector Pension Investment Board’s holdings in Xcel Energy were worth $6,360,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Ashton Thomas Securities LLC acquired a new position in Xcel Energy in the 3rd quarter worth $25,000. Transcendent Capital Group LLC purchased a new stake in shares of Xcel Energy during the third quarter worth about $33,000. TruNorth Capital Management LLC purchased a new stake in shares of Xcel Energy during the second quarter worth about $30,000. American National Bank acquired a new position in shares of Xcel Energy in the second quarter worth about $32,000. Finally, Kimelman & Baird LLC purchased a new position in Xcel Energy in the second quarter valued at about $35,000. 78.38% of the stock is currently owned by hedge funds and other institutional investors.

Xcel Energy Trading Down 0.5 %

NASDAQ:XEL opened at $72.56 on Friday. The firm has a market capitalization of $41.67 billion, a P/E ratio of 21.53, a P/E/G ratio of 2.98 and a beta of 0.38. The business has a 50 day simple moving average of $66.23 and a 200 day simple moving average of $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. Xcel Energy Inc. has a 12-month low of $46.79 and a 12-month high of $73.38.

Xcel Energy (NASDAQ:XEL) last announced its quarterly earnings results on Thursday, October 31st. The company reported $1.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.26 by ($0.01). Xcel Energy had a net margin of 13.67% and a return on equity of 10.76%. The firm had revenue of $3.64 billion for the quarter, compared to analyst estimates of $3.93 billion. During the same period last year, the firm posted $1.23 EPS. The business’s revenue was down .5% compared to the same quarter last year. Equities research analysts predict that Xcel Energy Inc. will post 3.54 EPS for the current year.

Analyst Upgrades and Downgrades

XEL has been the topic of several analyst reports. Morgan Stanley dropped their price objective on Xcel Energy from $74.00 to $72.00 and set an “equal weight” rating on the stock in a report on Friday, November 22nd. Wells Fargo & Company lifted 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 note on Wednesday, October 16th. KeyCorp increased their price objective on shares of Xcel Energy from $69.00 to $74.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. Jefferies Financial Group raised shares of Xcel Energy from a “hold” rating to a “buy” rating and boosted their target price for the stock from $71.00 to $76.00 in a research report on Friday, November 1st. Finally, Barclays increased their price target on shares of Xcel Energy from $67.00 to $71.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 26th. Seven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $66.62.

Xcel Energy 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.