Xcel Energy Inc. (NASDAQ:XEL) Shares Sold by Chevy Chase Trust Holdings LLC

Chevy Chase Trust Holdings LLC lowered its holdings in shares of Xcel Energy Inc. (NASDAQ:XEL) by 1.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 300,109 shares of the company’s stock after selling 5,062 shares during the period. Chevy Chase Trust Holdings LLC owned 0.05% of Xcel Energy worth $19,597,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Ascent Group LLC acquired a new stake in Xcel Energy during the 3rd quarter worth approximately $323,000. Benjamin Edwards Inc. lifted its holdings in shares of Xcel Energy by 48,200.0% during the third quarter. Benjamin Edwards Inc. now owns 16,422 shares of the company’s stock worth $1,072,000 after purchasing an additional 16,388 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new position in Xcel Energy in the 3rd quarter valued at $127,000. Point72 Hong Kong Ltd acquired a new position in Xcel Energy in the 3rd quarter valued at $647,000. Finally, True Wealth Design LLC raised its position in Xcel Energy by 17,836.4% during the 3rd quarter. True Wealth Design LLC now owns 1,973 shares of the company’s stock worth $129,000 after buying an additional 1,962 shares during the last quarter. Institutional investors and hedge funds own 78.38% of the company’s stock.

Xcel Energy Price Performance

Xcel Energy stock opened at $71.00 on Wednesday. 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 firm’s 50-day simple moving average is $66.51 and its 200 day simple moving average is $60.62. Xcel Energy Inc. has a 52 week low of $46.79 and a 52 week high of $73.38. The firm has a market capitalization of $40.77 billion, a PE ratio of 21.07, a P/E/G ratio of 2.91 and a beta of 0.41.

Xcel Energy (NASDAQ:XEL) last announced its quarterly earnings results 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). Xcel Energy had a net margin of 13.67% and a return on equity of 10.76%. The business had revenue of $3.64 billion during the quarter, compared to analysts’ expectations of $3.93 billion. During the same period last year, the company earned $1.23 EPS. The firm’s revenue for the quarter was down .5% on a year-over-year basis. On average, equities research analysts predict that Xcel Energy Inc. will post 3.54 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Barclays lifted their target price on shares of Xcel Energy from $67.00 to $71.00 and gave the company an “overweight” rating in a report on Tuesday, November 26th. KeyCorp lifted their price objective on Xcel Energy from $69.00 to $74.00 and gave the company an “overweight” rating in a report on Friday, November 1st. Morgan Stanley reduced their price target on Xcel Energy from $74.00 to $72.00 and set an “equal weight” rating for the company in a report on Friday, November 22nd. Wells Fargo & Company upped their price objective on Xcel Energy from $63.00 to $66.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 16th. Finally, Argus upgraded Xcel Energy from a “hold” rating to a “buy” rating and set a $68.00 price objective for the company in a research report on Monday, August 26th. Seven research 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 a consensus rating of “Moderate Buy” and a consensus price target of $66.62.

About Xcel Energy

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.