BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Sells 13,660 Shares of Xcel Energy Inc. (NASDAQ:XEL)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp cut its holdings in Xcel Energy Inc. (NASDAQ:XEL) by 12.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 92,718 shares of the company’s stock after selling 13,660 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Xcel Energy were worth $6,054,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Massachusetts Financial Services Co. MA raised its stake in Xcel Energy by 6.2% during the third quarter. Massachusetts Financial Services Co. MA now owns 15,190,756 shares of the company’s stock valued at $991,956,000 after buying an additional 892,740 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Xcel Energy by 2.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,417,615 shares of the company’s stock worth $223,170,000 after purchasing an additional 67,820 shares in the last quarter. Federated Hermes Inc. grew its position in Xcel Energy by 120.2% during the 2nd quarter. Federated Hermes Inc. now owns 2,379,615 shares of the company’s stock valued at $127,095,000 after purchasing an additional 1,299,025 shares during the last quarter. American Century Companies Inc. increased its stake in Xcel Energy by 130.4% during the 2nd quarter. American Century Companies Inc. now owns 2,084,345 shares of the company’s stock valued at $111,325,000 after purchasing an additional 1,179,823 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in Xcel Energy by 10.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,854,333 shares of the company’s stock worth $99,046,000 after buying an additional 174,653 shares during the last quarter. 78.38% of the stock is currently owned by institutional investors.

Xcel Energy Price Performance

Shares of NASDAQ:XEL opened at $71.20 on Tuesday. The company has a quick ratio of 0.82, a current ratio of 0.93 and a debt-to-equity ratio of 1.42. The stock has a market capitalization of $40.89 billion, a PE ratio of 21.13, a price-to-earnings-growth ratio of 2.97 and a beta of 0.38. The firm’s 50 day moving average price is $66.23 and its 200-day moving average price is $60.41. Xcel Energy Inc. has a twelve month low of $46.79 and a twelve month high of $73.38.

Xcel Energy (NASDAQ:XEL) last released its quarterly earnings results on Thursday, October 31st. The company reported $1.25 earnings per share 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 during the quarter, compared to the consensus estimate of $3.93 billion. During the same quarter in the previous year, the business posted $1.23 earnings per share. The firm’s revenue was down .5% on a year-over-year basis. Equities research analysts expect that Xcel Energy Inc. will post 3.54 EPS for the current year.

Wall Street Analyst Weigh In

XEL has been the topic of a number of recent analyst reports. KeyCorp increased their price target on shares of Xcel Energy from $69.00 to $74.00 and gave the company an “overweight” rating in a report on Friday, November 1st. Jefferies Financial Group upgraded Xcel Energy from a “hold” rating to a “buy” rating and increased their target price for the company from $71.00 to $76.00 in a research note on Friday, November 1st. Wells Fargo & Company boosted their price target on Xcel Energy from $63.00 to $66.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 16th. 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 research report on Friday, November 22nd. Finally, UBS Group boosted their target price on Xcel Energy from $66.00 to $67.00 and gave the stock a “neutral” rating in a research report on Friday, September 20th. Seven analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $66.62.

Xcel Energy Company 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.