Arrowstreet Capital Limited Partnership Cuts Stock Position in Xcel Energy Inc. $XEL

Arrowstreet Capital Limited Partnership cut its holdings in shares of Xcel Energy Inc. (NASDAQ:XEL) by 61.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 117,474 shares of the company’s stock after selling 190,081 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in Xcel Energy were worth $8,000,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD grew its position in shares of Xcel Energy by 31.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 25,809,978 shares of the company’s stock valued at $1,827,090,000 after acquiring an additional 6,109,190 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in shares of Xcel Energy by 10.3% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 18,719,520 shares of the company’s stock valued at $1,274,799,000 after buying an additional 1,746,066 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in shares of Xcel Energy by 5,894.2% during the second quarter. Assenagon Asset Management S.A. now owns 998,507 shares of the company’s stock worth $67,998,000 after acquiring an additional 981,849 shares in the last quarter. Electron Capital Partners LLC grew its position in shares of Xcel Energy by 93.7% in the first quarter. Electron Capital Partners LLC now owns 1,921,636 shares of the company’s stock valued at $136,033,000 after purchasing an additional 929,516 shares in the last quarter. Finally, Amundi boosted its stake in Xcel Energy by 116.0% in the 1st quarter. Amundi now owns 1,556,188 shares of the company’s stock worth $112,263,000 after purchasing an additional 835,703 shares during the period. Institutional investors own 78.38% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on XEL shares. Royal Bank Of Canada began coverage on Xcel Energy in a research report on Tuesday, October 28th. They set a “moderate buy” rating on the stock. Mizuho upped their price target on shares of Xcel Energy from $83.00 to $87.00 and gave the stock an “outperform” rating in a report on Monday, October 27th. BTIG Research upgraded Xcel Energy to a “strong-buy” rating in a research note on Wednesday, October 22nd. Argus raised shares of Xcel Energy to a “strong-buy” rating in a research note on Wednesday, December 3rd. Finally, Evercore ISI initiated coverage on shares of Xcel Energy in a report on Monday, October 6th. They issued an “outperform” rating and a $92.00 price target on the stock. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $87.14.

Xcel Energy Price Performance

XEL opened at $74.62 on Thursday. The stock’s 50 day simple moving average is $80.23 and its 200 day simple moving average is $74.38. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.79 and a quick ratio of 0.69. Xcel Energy Inc. has a 1 year low of $62.58 and a 1 year high of $83.01. The firm has a market cap of $44.14 billion, a price-to-earnings ratio of 22.75, a PEG ratio of 2.24 and a beta of 0.45.

Xcel Energy (NASDAQ:XEL) last announced its quarterly earnings data on Wednesday, October 29th. The company reported $1.24 earnings per share for the quarter, missing the consensus estimate of $1.32 by ($0.08). The company had revenue of $3.92 billion during the quarter, compared to the consensus estimate of $3.89 billion. Xcel Energy had a net margin of 13.46% and a return on equity of 10.45%. The business’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.25 EPS. As a group, analysts predict that Xcel Energy Inc. will post 3.82 earnings per share 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.