Schroder Investment Management Group Has $2.68 Million Holdings in Xcel Energy Inc (XEL)

Schroder Investment Management Group raised its holdings in Xcel Energy Inc (NYSE:XEL) by 215.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 56,758 shares of the utilities provider’s stock after purchasing an additional 38,765 shares during the quarter. Schroder Investment Management Group’s holdings in Xcel Energy were worth $2,680,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. BlackRock Inc. boosted its stake in shares of Xcel Energy by 1.7% during the 3rd quarter. BlackRock Inc. now owns 44,059,445 shares of the utilities provider’s stock worth $2,080,045,000 after acquiring an additional 752,647 shares in the last quarter. Boston Partners boosted its stake in shares of Xcel Energy by 3.0% during the 2nd quarter. Boston Partners now owns 5,957,623 shares of the utilities provider’s stock worth $272,145,000 after acquiring an additional 172,830 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of Xcel Energy by 1.0% during the 3rd quarter. American Century Companies Inc. now owns 5,255,488 shares of the utilities provider’s stock worth $248,112,000 after acquiring an additional 52,950 shares in the last quarter. Legal & General Group Plc boosted its stake in shares of Xcel Energy by 4.4% during the 2nd quarter. Legal & General Group Plc now owns 4,778,106 shares of the utilities provider’s stock worth $218,242,000 after acquiring an additional 201,064 shares in the last quarter. Finally, Bank of America Corp DE boosted its stake in shares of Xcel Energy by 6.2% during the 2nd quarter. Bank of America Corp DE now owns 4,055,913 shares of the utilities provider’s stock worth $185,274,000 after acquiring an additional 238,395 shares in the last quarter. 73.96% of the stock is currently owned by institutional investors.

Shares of Xcel Energy stock opened at $53.19 on Friday. Xcel Energy Inc has a 1 year low of $41.51 and a 1 year high of $53.48.

Xcel Energy (NYSE:XEL) last issued its quarterly earnings data on Thursday, October 25th. The utilities provider reported $0.96 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.98 by ($0.02). The company had revenue of $3.05 billion during the quarter, compared to analysts’ expectations of $3.08 billion.

Several brokerages recently issued reports on XEL. Zacks Investment Research upgraded Xcel Energy from a “hold” rating to a “buy” rating and set a $58.00 price objective for the company in a research report on Wednesday, November 21st. Barclays set a $54.00 price objective on Xcel Energy and gave the stock a “buy” rating in a research report on Monday, November 19th. Argus lifted their price objective on Xcel Energy from $53.00 to $57.00 and gave the stock a “buy” rating in a research report on Wednesday, October 31st. Morgan Stanley downgraded Xcel Energy from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from $52.00 to $50.00 in a research report on Friday, September 21st. Finally, Mizuho downgraded Xcel Energy from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $48.50 to $47.00 in a research report on Friday, November 2nd. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $50.00.

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Xcel Energy Company 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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Institutional Ownership by Quarter for Xcel Energy (NYSE:XEL)

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