Point72 Asset Management L.P. Invests $41.62 Million in Xcel Energy Inc. (NASDAQ:XEL)

Point72 Asset Management L.P. acquired a new stake in Xcel Energy Inc. (NASDAQ:XEL) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 637,376 shares of the company’s stock, valued at approximately $41,621,000. Point72 Asset Management L.P. owned 0.11% of Xcel Energy as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of XEL. Massachusetts Financial Services Co. MA lifted its holdings in Xcel Energy by 6.2% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 15,190,756 shares of the company’s stock valued at $991,956,000 after purchasing an additional 892,740 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Xcel Energy by 2.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,417,615 shares of the company’s stock worth $223,170,000 after buying an additional 67,820 shares in the last quarter. Federated Hermes Inc. grew its position in shares of Xcel Energy by 120.2% during the second quarter. Federated Hermes Inc. now owns 2,379,615 shares of the company’s stock worth $127,095,000 after buying 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 second quarter. American Century Companies Inc. now owns 2,084,345 shares of the company’s stock worth $111,325,000 after purchasing an additional 1,179,823 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Xcel Energy by 10.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,854,333 shares of the company’s stock valued at $99,046,000 after buying an additional 174,653 shares during the last quarter. 78.38% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on XEL. Morgan Stanley cut their price objective on shares of Xcel Energy from $74.00 to $72.00 and set an “equal weight” rating on the stock in a research note on Friday, November 22nd. KeyCorp lifted their target price on Xcel Energy from $74.00 to $79.00 and gave the company an “overweight” rating in a research note on Wednesday. Barclays lifted their target price on Xcel Energy from $67.00 to $71.00 and gave the company an “overweight” rating in a research note on Tuesday, November 26th. Argus upgraded Xcel Energy from a “hold” rating to a “buy” rating and set a $68.00 price target for the company in a report on Monday, August 26th. Finally, Jefferies Financial Group upgraded shares of Xcel Energy from a “hold” rating to a “buy” rating and raised their target price for the company from $71.00 to $76.00 in a research note on Friday, November 1st. Seven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $67.00.

Xcel Energy Stock Down 0.4 %

XEL opened at $70.72 on Thursday. The stock has a market cap of $40.61 billion, a price-to-earnings ratio of 20.99, a PEG ratio of 2.90 and a beta of 0.41. 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’s 50-day moving average price is $66.64 and its two-hundred day moving average price is $60.69. Xcel Energy Inc. has a twelve month low of $46.79 and a twelve month high of $73.38.

Xcel Energy (NASDAQ:XEL) last posted its earnings results 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). The firm had revenue of $3.64 billion for the quarter, compared to the consensus estimate of $3.93 billion. Xcel Energy had a return on equity of 10.76% and a net margin of 13.67%. The business’s revenue was down .5% on a year-over-year basis. During the same period last year, the company posted $1.23 EPS. As a group, equities analysts expect that Xcel Energy Inc. will post 3.54 earnings per share for the current year.

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.