US Bancorp DE Decreases Stock Holdings in Xcel Energy Inc. (NASDAQ:XEL)

US Bancorp DE cut its holdings in Xcel Energy Inc. (NASDAQ:XEL) by 4.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 348,852 shares of the company’s stock after selling 15,272 shares during the quarter. US Bancorp DE’s holdings in Xcel Energy were worth $22,780,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of XEL. Financial Advocates Investment Management increased its holdings in shares of Xcel Energy by 7.4% in the 3rd quarter. Financial Advocates Investment Management now owns 10,251 shares of the company’s stock worth $669,000 after buying an additional 710 shares during the last quarter. First Trust Direct Indexing L.P. grew its position in Xcel Energy by 41.7% in the third quarter. First Trust Direct Indexing L.P. now owns 13,327 shares of the company’s stock worth $870,000 after acquiring an additional 3,923 shares in the last quarter. Fidelis Capital Partners LLC purchased a new stake in Xcel Energy during the third quarter valued at approximately $212,000. Fortitude Family Office LLC lifted its stake in shares of Xcel Energy by 497.1% in the 3rd quarter. Fortitude Family Office LLC now owns 1,015 shares of the company’s stock valued at $66,000 after purchasing an additional 845 shares during the last quarter. Finally, China Universal Asset Management Co. Ltd. boosted its holdings in shares of Xcel Energy by 111.6% in the 3rd quarter. China Universal Asset Management Co. Ltd. now owns 7,071 shares of the company’s stock worth $465,000 after purchasing an additional 3,730 shares during the period. Institutional investors own 78.38% of the company’s stock.

Xcel Energy Price Performance

NASDAQ XEL opened at $66.69 on Friday. The company has a market cap of $37.18 billion, a PE ratio of 19.91, a P/E/G ratio of 2.77 and a beta of 0.39. Xcel Energy Inc. has a 52-week low of $46.79 and a 52-week high of $68.36. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.86 and a current ratio of 0.97. The firm’s 50 day moving average price is $63.61 and its 200-day moving average price is $58.25.

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 analysts’ consensus estimates of $1.31 by ($0.06). The company had revenue of $3.64 billion during the quarter, compared to analysts’ expectations of $3.93 billion. Xcel Energy had a net margin of 13.46% and a return on equity of 10.94%. The company’s revenue was down .5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.23 earnings per share. Sell-side analysts forecast that Xcel Energy Inc. will post 3.55 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Morgan Stanley increased their price target on Xcel Energy from $68.00 to $73.00 and gave the company an “equal weight” rating in a report on Wednesday, September 25th. UBS Group increased their target price on shares of Xcel Energy from $66.00 to $67.00 and gave the company a “neutral” rating in a research note on Friday, September 20th. Barclays upped their price target on shares of Xcel Energy from $57.00 to $67.00 and gave the company an “overweight” rating in a report on Monday, October 21st. Wells Fargo & Company boosted their target price on Xcel Energy from $63.00 to $66.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 16th. Finally, KeyCorp raised their price target on Xcel Energy from $69.00 to $74.00 and gave the stock an “overweight” rating in a research note on Friday. Seven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $66.38.

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.