OneDigital Investment Advisors LLC Boosts Stock Position in Xcel Energy Inc. (NASDAQ:XEL)

OneDigital Investment Advisors LLC raised its position in shares of Xcel Energy Inc. (NASDAQ:XEL) by 7.6% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 14,148 shares of the company’s stock after buying an additional 998 shares during the quarter. OneDigital Investment Advisors LLC’s holdings in Xcel Energy were worth $924,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of XEL. Price T Rowe Associates Inc. MD grew its stake in Xcel Energy by 770.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 7,552,625 shares of the company’s stock worth $405,955,000 after buying an additional 6,684,499 shares during the last quarter. Federated Hermes Inc. grew its stake 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 acquiring an additional 1,299,025 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of Xcel Energy by 130.4% during the second 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. Dimensional Fund Advisors LP raised its position in shares of Xcel Energy by 10.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,854,333 shares of the company’s stock valued at $99,046,000 after purchasing an additional 174,653 shares during the last quarter. Finally, AQR Capital Management LLC boosted its stake in Xcel Energy by 54.5% in the 2nd quarter. AQR Capital Management LLC now owns 1,642,484 shares of the company’s stock worth $87,725,000 after purchasing an additional 579,652 shares in the last quarter. 78.38% of the stock is currently owned by institutional investors.

Xcel Energy Trading Down 0.5 %

Shares of Xcel Energy stock opened at $69.57 on Wednesday. Xcel Energy Inc. has a fifty-two week low of $46.79 and a fifty-two week high of $70.42. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.82 and a current ratio of 0.93. The company has a market cap of $39.95 billion, a P/E ratio of 20.64, a price-to-earnings-growth ratio of 2.84 and a beta of 0.38. The firm has a 50-day simple moving average of $65.00 and a two-hundred day simple moving average of $59.47.

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

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on XEL shares. UBS Group upped their price target on shares of Xcel Energy from $66.00 to $67.00 and gave the company a “neutral” rating in a research note on Friday, September 20th. Jefferies Financial Group raised Xcel Energy from a “hold” rating to a “buy” rating and lifted their price target for the stock from $71.00 to $76.00 in a research report on Friday, November 1st. Barclays increased their price objective on Xcel Energy from $57.00 to $67.00 and gave the company an “overweight” rating in a report on Monday, October 21st. Argus raised Xcel Energy from a “hold” rating to a “buy” rating and set a $68.00 target price for the company in a report on Monday, August 26th. Finally, Morgan Stanley increased their price target on shares of Xcel Energy from $68.00 to $73.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 25th. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $66.38.

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.