Xcel Energy Inc. (NASDAQ:XEL) Shares Sold by Cypress Capital Group

Cypress Capital Group trimmed its stake in shares of Xcel Energy Inc. (NASDAQ:XEL) by 6.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,865 shares of the company’s stock after selling 1,177 shares during the period. Cypress Capital Group’s holdings in Xcel Energy were worth $1,101,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD grew its holdings 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 valued at $405,955,000 after purchasing an additional 6,684,499 shares during the period. Federated Hermes Inc. lifted its position in Xcel Energy by 120.2% during 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. lifted its position in 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 in the last quarter. Dimensional Fund Advisors LP lifted its position in Xcel Energy by 10.4% during 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 in the last quarter. Finally, Jennison Associates LLC lifted its position in Xcel Energy by 25.5% during the third quarter. Jennison Associates LLC now owns 1,685,487 shares of the company’s stock worth $110,062,000 after buying an additional 342,592 shares in the last quarter. 78.38% of the stock is owned by institutional investors and hedge funds.

Xcel Energy Stock Up 1.8 %

Shares of NASDAQ XEL opened at $71.30 on Friday. The company has a market capitalization of $40.94 billion, a price-to-earnings ratio of 21.16, a price-to-earnings-growth ratio of 2.84 and a beta of 0.38. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.93 and a quick ratio of 0.82. The business has a 50-day moving average of $65.27 and a two-hundred day moving average of $59.63. Xcel Energy Inc. has a 1 year low of $46.79 and a 1 year high of $71.43.

Xcel Energy (NASDAQ:XEL) last posted its 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 net margin of 13.67% and a return on equity of 10.76%. The firm had revenue of $3.64 billion during the quarter, compared to analysts’ expectations of $3.93 billion. During the same period in the previous year, the firm posted $1.23 earnings per share. The firm’s revenue for the quarter was down .5% on a year-over-year basis. On average, analysts forecast that Xcel Energy Inc. will post 3.55 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

XEL has been the topic of a number of research analyst reports. UBS Group lifted their target price on Xcel Energy from $66.00 to $67.00 and gave the company a “neutral” rating in a research report on Friday, September 20th. Argus upgraded Xcel Energy from a “hold” rating to a “buy” rating and set a $68.00 target price on the stock in a research report on Monday, August 26th. KeyCorp lifted their target price on Xcel Energy from $69.00 to $74.00 and gave the company an “overweight” rating in a research report on Friday, November 1st. Barclays lifted their target price on Xcel Energy from $57.00 to $67.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. Finally, Morgan Stanley lifted their target price on Xcel Energy from $68.00 to $73.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 25th. Seven 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.com, Xcel Energy presently 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.