Zurcher Kantonalbank Zurich Cantonalbank Has $12.07 Million Position in Xcel Energy Inc. (NASDAQ:XEL)

Zurcher Kantonalbank Zurich Cantonalbank decreased its stake in Xcel Energy Inc. (NASDAQ:XEL) by 9.2% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 184,800 shares of the company’s stock after selling 18,688 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Xcel Energy were worth $12,067,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Federated Hermes Inc. increased 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 period. American Century Companies Inc. increased its position in shares of Xcel Energy by 130.4% during the second quarter. American Century Companies Inc. now owns 2,084,345 shares of the company’s stock worth $111,325,000 after buying an additional 1,179,823 shares during the period. 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 worth $991,956,000 after buying an additional 892,740 shares during the last quarter. Los Angeles Capital Management LLC lifted its holdings in Xcel Energy by 725.1% in the second quarter. Los Angeles Capital Management LLC now owns 907,030 shares of the company’s stock valued at $48,444,000 after buying an additional 797,096 shares during the period. Finally, National Bank of Canada FI boosted its position in Xcel Energy by 89.4% during the second quarter. National Bank of Canada FI now owns 1,534,971 shares of the company’s stock valued at $80,478,000 after acquiring an additional 724,558 shares during the last quarter. 78.38% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on XEL. Argus raised Xcel Energy from a “hold” rating to a “buy” rating and set a $68.00 price objective on the stock in a research note on Monday, August 26th. Barclays boosted their price target on Xcel Energy from $67.00 to $71.00 and gave the company an “overweight” rating in a research note on Tuesday, November 26th. KeyCorp raised their price objective on shares of Xcel Energy from $69.00 to $74.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. UBS Group boosted their target price on shares of Xcel Energy from $66.00 to $67.00 and gave the company a “neutral” rating in a research report on Friday, September 20th. Finally, Wells Fargo & Company raised their price target on shares of Xcel Energy from $63.00 to $66.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 16th. Seven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $66.62.

Xcel Energy Trading Down 0.5 %

NASDAQ:XEL opened at $72.56 on Friday. 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 one year low of $46.79 and a one year high of $73.38. The company has a market cap of $41.67 billion, a PE ratio of 21.53, a PEG ratio of 2.98 and a beta of 0.38. The firm has a 50-day moving average of $66.23 and a 200-day moving average of $60.37.

Xcel Energy (NASDAQ:XEL) last issued its quarterly earnings data 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). The company had revenue of $3.64 billion for the quarter, compared to the consensus estimate of $3.93 billion. Xcel Energy had a net margin of 13.67% and a return on equity of 10.76%. Xcel Energy’s revenue was down .5% on a year-over-year basis. During the same quarter last year, the business posted $1.23 earnings per share. As a group, equities research analysts expect that Xcel Energy Inc. will post 3.54 EPS for the current fiscal year.

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.