Brown Financial Advisors Sells 4,799 Shares of Xcel Energy Inc. (NASDAQ:XEL)

Brown Financial Advisors reduced its position in Xcel Energy Inc. (NASDAQ:XEL) by 37.3% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,070 shares of the company’s stock after selling 4,799 shares during the period. Brown Financial Advisors’ holdings in Xcel Energy were worth $527,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. State Street Corp lifted its stake in Xcel Energy by 6.7% during the 3rd quarter. State Street Corp now owns 37,143,025 shares of the company’s stock valued at $2,445,477,000 after acquiring an additional 2,323,448 shares in the last quarter. Brookfield Corp ON lifted its stake in Xcel Energy by 520.1% during the 3rd quarter. Brookfield Corp ON now owns 2,509,031 shares of the company’s stock valued at $163,840,000 after acquiring an additional 2,104,405 shares in the last quarter. Federated Hermes Inc. lifted its stake in Xcel Energy by 120.2% during the 2nd quarter. Federated Hermes Inc. now owns 2,379,615 shares of the company’s stock valued at $127,095,000 after acquiring an additional 1,299,025 shares in the last quarter. American Century Companies Inc. lifted its stake in Xcel Energy by 130.4% during the 2nd quarter. American Century Companies Inc. now owns 2,084,345 shares of the company’s stock valued at $111,325,000 after acquiring an additional 1,179,823 shares in the last quarter. Finally, Merewether Investment Management LP bought a new position in Xcel Energy during the 3rd quarter valued at $64,301,000. 78.38% of the stock is currently owned by institutional investors.

Xcel Energy Trading Up 0.1 %

Shares of XEL opened at $69.15 on Wednesday. The business has a 50-day moving average of $66.96 and a 200 day moving average of $61.03. Xcel Energy Inc. has a fifty-two week low of $46.79 and a fifty-two week high of $73.38. The firm has a market cap of $39.71 billion, a P/E ratio of 20.52, a price-to-earnings-growth ratio of 2.86 and a beta of 0.41. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.82 and a current ratio of 0.93.

Xcel Energy (NASDAQ:XEL) last announced its quarterly earnings data on Thursday, October 31st. The company reported $1.25 earnings per share for the quarter, missing the consensus estimate of $1.26 by ($0.01). Xcel Energy had a return on equity of 10.76% and a net margin of 13.67%. The firm had revenue of $3.64 billion during the quarter, compared to analysts’ expectations of $3.93 billion. During the same period last year, the business posted $1.23 EPS. The company’s revenue was down .5% compared to the same quarter last year. As a group, research analysts forecast that Xcel Energy Inc. will post 3.54 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have weighed in on XEL. Argus upgraded Xcel Energy from a “hold” rating to a “buy” rating and set a $68.00 price objective on the stock in a research note on Monday, August 26th. UBS Group raised their price objective on Xcel Energy from $66.00 to $67.00 and gave the company a “neutral” rating in a research note on Friday, September 20th. Barclays raised their target price on Xcel Energy from $67.00 to $71.00 and gave the company an “overweight” rating in a research report on Tuesday, November 26th. Morgan Stanley decreased their target price on Xcel Energy from $74.00 to $72.00 and set an “equal weight” rating for the company in a research report on Friday, November 22nd. Finally, KeyCorp raised their target price on Xcel Energy from $74.00 to $79.00 and gave the company an “overweight” rating in a research report on Wednesday, December 4th. Seven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $67.00.

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.