Gulf International Bank UK Ltd Has $2.84 Million Position in Xcel Energy Inc. (NASDAQ:XEL)

Gulf International Bank UK Ltd lessened its stake in Xcel Energy Inc. (NASDAQ:XEL) by 4.3% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 43,496 shares of the company’s stock after selling 1,943 shares during the quarter. Gulf International Bank UK Ltd’s holdings in Xcel Energy were worth $2,840,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in XEL. Catalyst Capital Advisors LLC lifted its holdings in shares of Xcel Energy by 55.2% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 835 shares of the company’s stock valued at $55,000 after buying an additional 297 shares during the last quarter. QRG Capital Management Inc. lifted its stake in Xcel Energy by 7.7% in the third quarter. QRG Capital Management Inc. now owns 42,862 shares of the company’s stock valued at $2,799,000 after acquiring an additional 3,054 shares during the last quarter. Asset Management One Co. Ltd. grew its position in Xcel Energy by 2.1% in the third quarter. Asset Management One Co. Ltd. now owns 229,937 shares of the company’s stock worth $15,015,000 after acquiring an additional 4,661 shares in the last quarter. National Pension Service increased its stake in shares of Xcel Energy by 1.9% during the 3rd quarter. National Pension Service now owns 1,371,098 shares of the company’s stock worth $89,533,000 after purchasing an additional 25,655 shares during the last quarter. Finally, Vestor Capital LLC raised its holdings in shares of Xcel Energy by 25.5% during the 3rd quarter. Vestor Capital LLC now owns 2,222 shares of the company’s stock valued at $145,000 after purchasing an additional 451 shares in the last quarter. Hedge funds and other institutional investors own 78.38% of the company’s stock.

Wall Street Analysts Forecast Growth

XEL has been the topic of several analyst reports. UBS Group increased their target price on shares of Xcel Energy from $66.00 to $67.00 and gave the stock a “neutral” rating in a research report on Friday, September 20th. Barclays raised their price objective on Xcel Energy from $57.00 to $67.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. KeyCorp upped 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. Argus raised shares of Xcel Energy from a “hold” rating to a “buy” rating and set a $68.00 price target on the stock in a research report on Monday, August 26th. Finally, Wells Fargo & Company upped their price objective on shares of Xcel Energy from $63.00 to $66.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 16th. Seven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $66.38.

Xcel Energy Stock Up 0.2 %

XEL stock opened at $66.49 on Thursday. The business’s 50-day simple moving average is $63.92 and its 200 day simple moving average is $58.55. The company has a quick ratio of 0.82, a current ratio of 0.93 and a debt-to-equity ratio of 1.42. The company has a market cap of $38.18 billion, a PE ratio of 19.73, a price-to-earnings-growth ratio of 2.69 and a beta of 0.38. Xcel Energy Inc. has a twelve month low of $46.79 and a twelve month high of $68.36.

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

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.