UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Lowers Position in Xcel Energy Inc. (NASDAQ:XEL)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its holdings in shares of Xcel Energy Inc. (NASDAQ:XEL) by 15.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,244,375 shares of the company’s stock after selling 425,341 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Xcel Energy were worth $146,558,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in XEL. Tidal Investments LLC grew its holdings in shares of Xcel Energy by 4.4% during the first quarter. Tidal Investments LLC now owns 28,641 shares of the company’s stock worth $1,539,000 after purchasing an additional 1,202 shares in the last quarter. Atria Investments Inc lifted its position in Xcel Energy by 10.9% during the first quarter. Atria Investments Inc now owns 64,332 shares of the company’s stock valued at $3,458,000 after purchasing an additional 6,310 shares during the last quarter. Cetera Investment Advisers lifted its position in Xcel Energy by 165.0% during the first quarter. Cetera Investment Advisers now owns 107,344 shares of the company’s stock valued at $5,770,000 after purchasing an additional 66,840 shares during the last quarter. Cetera Advisors LLC grew its stake in Xcel Energy by 177.4% in the 1st quarter. Cetera Advisors LLC now owns 30,516 shares of the company’s stock worth $1,640,000 after buying an additional 19,517 shares in the last quarter. Finally, Park Place Capital Corp raised its position in shares of Xcel Energy by 12.6% during the 2nd quarter. Park Place Capital Corp now owns 6,074 shares of the company’s stock valued at $324,000 after buying an additional 680 shares in the last quarter. 78.38% of the stock is currently owned by institutional investors.

Xcel Energy Trading Down 0.5 %

Xcel Energy stock opened at $72.56 on Friday. Xcel Energy Inc. has a 12 month low of $46.79 and a 12 month high of $73.38. The company has a market capitalization of $41.67 billion, a price-to-earnings ratio of 21.53, a price-to-earnings-growth ratio of 2.98 and a beta of 0.38. The business’s fifty day simple moving average is $66.23 and its two-hundred day simple moving average is $60.37. The company has a current ratio of 0.93, a quick ratio of 0.82 and a debt-to-equity ratio of 1.42.

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 $1.26 by ($0.01). The firm had revenue of $3.64 billion during the quarter, compared to the consensus estimate of $3.93 billion. Xcel Energy had a return on equity of 10.76% and a net margin of 13.67%. The business’s revenue for the quarter was down .5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.23 EPS. As a group, equities analysts predict that Xcel Energy Inc. will post 3.54 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on XEL shares. Wells Fargo & Company upped their target price on shares of Xcel Energy from $63.00 to $66.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 16th. UBS Group increased their price objective on Xcel Energy from $66.00 to $67.00 and gave the company a “neutral” rating in a research report on Friday, September 20th. Morgan Stanley decreased 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. KeyCorp upped their target price on Xcel Energy from $69.00 to $74.00 and gave the stock an “overweight” rating in a research note on Friday, November 1st. Finally, Barclays lifted their price target on shares of Xcel Energy from $67.00 to $71.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 26th. Seven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $66.62.

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.