Xcel Energy Inc. (NASDAQ:XEL) Shares Purchased by ING Groep NV

ING Groep NV boosted its position in shares of Xcel Energy Inc. (NASDAQ:XEL) by 85.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 231,482 shares of the company’s stock after purchasing an additional 106,326 shares during the period. ING Groep NV’s holdings in Xcel Energy were worth $15,116,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of XEL. Integris Wealth Management LLC lifted its holdings in shares of Xcel Energy by 2.7% in the 3rd quarter. Integris Wealth Management LLC now owns 6,163 shares of the company’s stock worth $402,000 after acquiring an additional 163 shares during the last quarter. Bond & Devick Financial Network Inc. raised its position in Xcel Energy by 1.1% in the third quarter. Bond & Devick Financial Network Inc. now owns 15,972 shares of the company’s stock valued at $1,043,000 after purchasing an additional 168 shares during the period. Gateway Wealth Partners LLC lifted its stake in Xcel Energy by 4.3% during the second quarter. Gateway Wealth Partners LLC now owns 4,413 shares of the company’s stock worth $236,000 after purchasing an additional 182 shares in the last quarter. Sumitomo Life Insurance Co. boosted its position in shares of Xcel Energy by 2.9% during the third quarter. Sumitomo Life Insurance Co. now owns 6,591 shares of the company’s stock worth $430,000 after buying an additional 183 shares during the period. Finally, Dakota Wealth Management grew its stake in shares of Xcel Energy by 0.9% in the third quarter. Dakota Wealth Management now owns 22,979 shares of the company’s stock valued at $1,500,000 after buying an additional 205 shares in the last quarter. 78.38% of the stock is currently owned by institutional investors and hedge funds.

Xcel Energy Price Performance

XEL stock opened at $68.91 on Friday. The company has a current ratio of 0.93, a quick ratio of 0.82 and a debt-to-equity ratio of 1.42. The company has a market capitalization of $39.57 billion, a P/E ratio of 20.45, a PEG ratio of 2.80 and a beta of 0.38. The business has a 50 day simple moving average of $64.52 and a 200-day simple moving average of $59.00. Xcel Energy Inc. has a twelve month low of $46.79 and a twelve month high of $69.53.

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 $1.26 by ($0.01). Xcel Energy had a return on equity of 10.76% and a net margin of 13.67%. The business had revenue of $3.64 billion for the quarter, compared to analysts’ expectations of $3.93 billion. During the same period in the previous year, the business posted $1.23 earnings per share. The company’s revenue for the quarter was down .5% on a year-over-year basis. As a group, equities analysts anticipate that Xcel Energy Inc. will post 3.55 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently commented on XEL. Jefferies Financial Group upgraded Xcel Energy from a “hold” rating to a “buy” rating and raised their target price for the company from $71.00 to $76.00 in a report on Friday, November 1st. Argus upgraded shares of Xcel Energy from a “hold” rating to a “buy” rating and set a $68.00 price objective for the company in a report on Monday, August 26th. Barclays increased their target price on shares of Xcel Energy from $57.00 to $67.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. Wells Fargo & Company boosted 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. Finally, Morgan Stanley increased their price objective on Xcel Energy from $68.00 to $73.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 25th. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $66.38.

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.