Harbour Investments Inc. Purchases 978 Shares of Xcel Energy Inc. (NASDAQ:XEL)

Harbour Investments Inc. raised its position in Xcel Energy Inc. (NASDAQ:XEL) by 5.4% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 19,095 shares of the company’s stock after acquiring an additional 978 shares during the quarter. Harbour Investments Inc.’s holdings in Xcel Energy were worth $1,247,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of XEL. Price T Rowe Associates Inc. MD increased its position in Xcel Energy by 770.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 7,552,625 shares of the company’s stock worth $405,955,000 after buying an additional 6,684,499 shares in the last quarter. Jupiter Asset Management Ltd. purchased a new stake in Xcel Energy in the first quarter worth about $80,283,000. Federated Hermes Inc. increased its position in Xcel Energy by 120.2% in the second quarter. Federated Hermes Inc. now owns 2,379,615 shares of the company’s stock worth $127,095,000 after buying an additional 1,299,025 shares in the last quarter. American Century Companies Inc. increased its position in Xcel Energy by 130.4% in 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 in the last quarter. Finally, Zimmer Partners LP increased its position in Xcel Energy by 1,765.0% in the first quarter. Zimmer Partners LP now owns 932,505 shares of the company’s stock worth $50,122,000 after buying an additional 882,505 shares in the last quarter. Institutional investors own 78.38% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on XEL. Argus upgraded Xcel Energy from a “hold” rating to a “buy” rating and set a $68.00 price target for the company in a research report on Monday, August 26th. Wells Fargo & Company increased their target price on Xcel Energy from $63.00 to $66.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 16th. KeyCorp increased their target price on 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 increased 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. Finally, Morgan Stanley increased their target price on Xcel Energy from $68.00 to $73.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 25th. Seven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, Xcel Energy presently has an average rating of “Moderate Buy” and an average target price of $66.38.

Xcel Energy Price Performance

NASDAQ:XEL opened at $68.91 on Friday. The firm has a market capitalization of $39.57 billion, a price-to-earnings ratio of 20.40, a PEG ratio of 2.80 and a beta of 0.38. Xcel Energy Inc. has a 1 year low of $46.79 and a 1 year high of $69.53. The business has a 50 day simple moving average of $64.52 and a 200-day simple moving average of $59.00. 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 (NASDAQ:XEL) last issued 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). 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 the consensus estimate of $3.93 billion. During the same period in the prior year, the business posted $1.23 earnings per share. Xcel Energy’s revenue was down .5% on a year-over-year basis. Equities analysts forecast that Xcel Energy Inc. will post 3.55 EPS for the current 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.