Xcel Energy Inc. (NASDAQ:XEL) Shares Sold by Martingale Asset Management L P

Martingale Asset Management L P trimmed its holdings in shares of Xcel Energy Inc. (NASDAQ:XEL) by 14.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 131,580 shares of the company’s stock after selling 22,804 shares during the period. Martingale Asset Management L P’s holdings in Xcel Energy were worth $8,592,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Tidal Investments LLC lifted its position in shares of Xcel Energy by 4.4% during the first quarter. Tidal Investments LLC now owns 28,641 shares of the company’s stock worth $1,539,000 after purchasing an additional 1,202 shares in the last quarter. Atria Investments Inc lifted its position in shares of Xcel Energy by 10.9% during the first quarter. Atria Investments Inc now owns 64,332 shares of the company’s stock worth $3,458,000 after purchasing an additional 6,310 shares in the last quarter. Cetera Investment Advisers lifted its position in shares of Xcel Energy by 165.0% during the first quarter. Cetera Investment Advisers now owns 107,344 shares of the company’s stock worth $5,770,000 after purchasing an additional 66,840 shares in the last quarter. Cetera Advisors LLC lifted its position in shares of Xcel Energy by 177.4% during the first quarter. Cetera Advisors LLC now owns 30,516 shares of the company’s stock worth $1,640,000 after purchasing an additional 19,517 shares in the last quarter. Finally, Park Place Capital Corp lifted its position in shares of Xcel Energy by 12.6% during the second quarter. Park Place Capital Corp now owns 6,074 shares of the company’s stock worth $324,000 after purchasing an additional 680 shares in the last quarter. 78.38% of the stock is owned by institutional investors and hedge funds.

Xcel Energy Stock Down 0.5 %

XEL stock opened at $72.56 on Friday. The company has a quick ratio of 0.82, a current ratio of 0.93 and a debt-to-equity ratio of 1.42. Xcel Energy Inc. has a fifty-two week low of $46.79 and a fifty-two week high of $73.38. The firm’s 50-day simple moving average is $66.23 and its 200 day simple moving average is $60.34. The stock has a market cap of $41.67 billion, a PE ratio of 21.53, a price-to-earnings-growth ratio of 2.98 and a beta of 0.38.

Xcel Energy (NASDAQ:XEL) last released its quarterly earnings data on Thursday, October 31st. The company reported $1.25 earnings per share for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $3.93 billion. During the same period last year, the business earned $1.23 EPS. The firm’s revenue was down .5% on a year-over-year basis. As a group, sell-side analysts predict that Xcel Energy Inc. will post 3.54 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on XEL shares. Morgan Stanley cut their price target on shares of Xcel Energy from $74.00 to $72.00 and set an “equal weight” rating on the stock in a report on Friday, November 22nd. Barclays upped their price target on shares of Xcel Energy from $67.00 to $71.00 and gave the company an “overweight” rating in a report on Tuesday. 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 report on Monday, August 26th. Wells Fargo & Company upped their price target on shares of Xcel Energy from $63.00 to $66.00 and gave the company an “equal weight” rating in a report on Wednesday, October 16th. Finally, Jefferies Financial Group raised shares of Xcel Energy from a “hold” rating to a “buy” rating and upped their price target for the company from $71.00 to $76.00 in a report on Friday, November 1st. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, Xcel Energy presently has a consensus rating of “Moderate Buy” and an average target price of $66.62.

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.