Swiss National Bank Has $107.69 Million Holdings in Xcel Energy Inc. (NASDAQ:XEL)

Swiss National Bank increased its stake in Xcel Energy Inc. (NASDAQ:XEL) by 0.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,649,100 shares of the company’s stock after purchasing an additional 4,500 shares during the period. Swiss National Bank owned 0.29% of Xcel Energy worth $107,686,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD lifted its stake in shares of Xcel Energy by 770.0% in the 1st 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 stake in shares of Xcel Energy by 120.2% in the 2nd quarter. Federated Hermes Inc. now owns 2,379,615 shares of the company’s stock valued at $127,095,000 after purchasing an additional 1,299,025 shares during the period. American Century Companies Inc. lifted its stake in shares of Xcel Energy by 130.4% in the 2nd quarter. American Century Companies Inc. now owns 2,084,345 shares of the company’s stock valued at $111,325,000 after purchasing an additional 1,179,823 shares during the period. Zimmer Partners LP lifted its stake in shares of Xcel Energy by 1,765.0% in the 1st quarter. Zimmer Partners LP now owns 932,505 shares of the company’s stock valued at $50,122,000 after purchasing an additional 882,505 shares during the period. Finally, Los Angeles Capital Management LLC raised its stake in Xcel Energy by 725.1% during the 2nd quarter. Los Angeles Capital Management LLC now owns 907,030 shares of the company’s stock worth $48,444,000 after buying an additional 797,096 shares during the period. Institutional investors and hedge funds own 78.38% of the company’s stock.

Xcel Energy Trading Up 0.7 %

Shares of XEL stock opened at $69.94 on Tuesday. The firm has a 50 day moving average price of $64.89 and a two-hundred day moving average price of $59.37. 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 capitalization of $40.16 billion, a PE ratio of 20.75, a price-to-earnings-growth ratio of 2.84 and a beta of 0.38. Xcel Energy Inc. has a 12-month low of $46.79 and a 12-month high of $70.42.

Xcel Energy (NASDAQ:XEL) last issued its quarterly earnings data on Thursday, October 31st. The company reported $1.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.26 by ($0.01). The company had revenue of $3.64 billion for the quarter, compared to analyst estimates of $3.93 billion. Xcel Energy had a return on equity of 10.76% and a net margin of 13.67%. The company’s revenue was down .5% on a year-over-year basis. During the same quarter last year, the business earned $1.23 earnings per share. As a group, analysts predict that Xcel Energy Inc. will post 3.55 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on XEL. Jefferies Financial Group raised Xcel Energy from a “hold” rating to a “buy” rating and raised their price objective for the stock from $71.00 to $76.00 in a research note on Friday, November 1st. Morgan Stanley increased their target price on Xcel Energy from $68.00 to $73.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 25th. Wells Fargo & Company increased their target price on Xcel Energy from $63.00 to $66.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 16th. KeyCorp increased their target price on Xcel Energy from $69.00 to $74.00 and gave the stock an “overweight” rating in a report on Friday, November 1st. Finally, Barclays increased their target price on Xcel Energy from $57.00 to $67.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. Seven analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, Xcel Energy presently has an average rating of “Moderate Buy” and an average 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.