Highbridge Capital Management LLC purchased a new position in shares of Xcel Energy Inc (NYSE:XEL) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 39,100 shares of the utilities provider’s stock, valued at approximately $1,846,000.
Several other institutional investors and hedge funds have also recently modified their holdings of XEL. Renaissance Technologies LLC boosted its stake in Xcel Energy by 31.1% during the third quarter. Renaissance Technologies LLC now owns 3,557,200 shares of the utilities provider’s stock worth $167,935,000 after buying an additional 844,400 shares during the last quarter. Honkamp Krueger Financial Services Inc. acquired a new position in Xcel Energy during the third quarter worth $211,000. Sowell Financial Services LLC acquired a new position in Xcel Energy during the third quarter worth $202,000. Allianz Asset Management GmbH boosted its stake in Xcel Energy by 202.0% during the third quarter. Allianz Asset Management GmbH now owns 66,548 shares of the utilities provider’s stock worth $3,142,000 after buying an additional 131,772 shares during the last quarter. Finally, Raymond James Trust N.A. boosted its stake in Xcel Energy by 16.8% during the third quarter. Raymond James Trust N.A. now owns 8,422 shares of the utilities provider’s stock worth $398,000 after buying an additional 1,213 shares during the last quarter. Hedge funds and other institutional investors own 73.96% of the company’s stock.
XEL has been the topic of a number of recent research reports. Morgan Stanley boosted their price objective on Xcel Energy from $49.00 to $52.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 11th. Zacks Investment Research raised Xcel Energy from a “hold” rating to a “buy” rating and set a $53.00 price objective on the stock in a research note on Thursday, September 27th. Argus boosted their price objective on Xcel Energy from $53.00 to $57.00 and gave the stock a “buy” rating in a research note on Wednesday, October 31st. Mizuho lowered Xcel Energy from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $48.50 to $47.00 in a research note on Friday, November 2nd. Finally, Barclays set a $54.00 price objective on Xcel Energy and gave the stock a “buy” rating in a research note on Monday, November 19th. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $50.00.
NYSE XEL opened at $53.19 on Friday. Xcel Energy Inc has a fifty-two week low of $41.51 and a fifty-two week high of $53.48.
Xcel Energy (NYSE:XEL) last announced its quarterly earnings results on Thursday, October 25th. The utilities provider reported $0.96 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.98 by ($0.02). The firm had revenue of $3.05 billion during the quarter, compared to analyst estimates of $3.08 billion.
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Xcel Energy Profile
Xcel Energy Inc is a public utility holding company. The Company’s operations include the activity of four utility subsidiaries that serve electric and natural gas customers in eight states. The Company’s segments include regulated electric utility, regulated natural gas utility and all other. The Company’s utility subsidiaries include NSP-Minnesota, NSP-Wisconsin, Public Service Company of Colorado (PSCo) and Southwestern Public Service Co (SPS), which serve customers in portions of Colorado, Michigan, Minnesota, New Mexico, North Dakota, South Dakota, Texas and Wisconsin.
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