Los Angeles Capital Management LLC Sells 675,614 Shares of Xcel Energy Inc. (NASDAQ:XEL)

Los Angeles Capital Management LLC decreased its stake in Xcel Energy Inc. (NASDAQ:XEL) by 74.5% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 231,416 shares of the company’s stock after selling 675,614 shares during the period. Los Angeles Capital Management LLC’s holdings in Xcel Energy were worth $15,111,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Transcendent Capital Group LLC bought a new position in Xcel Energy in the 3rd quarter worth approximately $33,000. Covestor Ltd boosted its holdings in Xcel Energy by 481.9% in the 3rd quarter. Covestor Ltd now owns 2,822 shares of the company’s stock worth $184,000 after buying an additional 2,337 shares during the period. Mesirow Financial Investment Management Inc. boosted its holdings in Xcel Energy by 100.4% in the 3rd quarter. Mesirow Financial Investment Management Inc. now owns 8,522 shares of the company’s stock worth $557,000 after buying an additional 4,270 shares during the period. Assetmark Inc. boosted its holdings in Xcel Energy by 9.1% in the 3rd quarter. Assetmark Inc. now owns 139,430 shares of the company’s stock worth $9,105,000 after buying an additional 11,604 shares during the period. Finally, Verdence Capital Advisors LLC boosted its holdings in Xcel Energy by 3.0% in the 3rd quarter. Verdence Capital Advisors LLC now owns 21,821 shares of the company’s stock worth $1,425,000 after buying an additional 633 shares during the period. 78.38% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently weighed in on XEL shares. UBS Group upped their price target on shares of Xcel Energy from $66.00 to $67.00 and gave the stock a “neutral” rating in a report on Friday, September 20th. Jefferies Financial Group raised shares of Xcel Energy from a “hold” rating to a “buy” rating and upped their price target for the stock from $71.00 to $76.00 in a report on Friday, November 1st. Morgan Stanley upped 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. KeyCorp upped their price target on shares of Xcel Energy from $69.00 to $74.00 and gave the stock an “overweight” rating in a report on Friday, November 1st. Finally, Barclays upped their price target on shares of Xcel Energy from $57.00 to $67.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. Seven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $66.38.

Xcel Energy Stock Performance

Xcel Energy stock opened at $67.37 on Monday. The company has a current ratio of 0.93, a quick ratio of 0.82 and a debt-to-equity ratio of 1.42. The firm has a 50-day moving average of $64.14 and a 200-day moving average of $58.71. The firm has a market cap of $38.69 billion, a P/E ratio of 19.99, a P/E/G ratio of 2.75 and a beta of 0.38. Xcel Energy Inc. has a 1-year low of $46.79 and a 1-year high of $68.36.

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 analysts’ expectations 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 for the quarter was down .5% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.23 earnings per share. Sell-side analysts expect that Xcel Energy Inc. will post 3.55 EPS for the current year.

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.