Huntington National Bank Raises Stock Position in Xcel Energy Inc. (NASDAQ:XEL)

Huntington National Bank raised its holdings in shares of Xcel Energy Inc. (NASDAQ:XEL) by 4.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,113 shares of the company’s stock after acquiring an additional 862 shares during the quarter. Huntington National Bank’s holdings in Xcel Energy were worth $1,248,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the business. Czech National Bank grew its holdings in Xcel Energy by 9.1% during the 2nd quarter. Czech National Bank now owns 105,882 shares of the company’s stock valued at $5,655,000 after buying an additional 8,790 shares in the last quarter. Cetera Investment Advisers lifted its position in shares of Xcel Energy by 165.0% in the first quarter. Cetera Investment Advisers now owns 107,344 shares of the company’s stock worth $5,770,000 after buying an additional 66,840 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its stake in Xcel Energy by 21.6% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 61,167 shares of the company’s stock valued at $3,267,000 after buying an additional 10,851 shares during the last quarter. Simplicity Wealth LLC grew its holdings in Xcel Energy by 60.3% during the 2nd quarter. Simplicity Wealth LLC now owns 22,999 shares of the company’s stock valued at $1,228,000 after buying an additional 8,656 shares in the last quarter. Finally, Raymond James & Associates increased its stake in Xcel Energy by 83.5% in the 2nd quarter. Raymond James & Associates now owns 1,103,809 shares of the company’s stock worth $58,954,000 after acquiring an additional 502,231 shares during the last quarter. Institutional investors own 78.38% of the company’s stock.

Xcel Energy Stock Performance

XEL stock opened at $69.46 on Friday. The firm has a market cap of $39.89 billion, a price-to-earnings ratio of 20.55, a PEG ratio of 2.80 and a beta of 0.38. Xcel Energy Inc. has a twelve month low of $46.79 and a twelve month high of $69.90. 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 business’s fifty day simple moving average is $64.63 and its two-hundred day simple moving average is $59.07.

Xcel Energy (NASDAQ:XEL) last released its quarterly earnings data 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). The company had revenue of $3.64 billion during the quarter, compared to analysts’ expectations of $3.93 billion. Xcel Energy had a net margin of 13.67% and a return on equity of 10.76%. Xcel Energy’s quarterly revenue was down .5% on a year-over-year basis. During the same period last year, the firm earned $1.23 earnings per share. Analysts predict that Xcel Energy Inc. will post 3.55 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have recently commented on XEL. Jefferies Financial Group upgraded Xcel Energy from a “hold” rating to a “buy” rating and increased their target price for the company from $71.00 to $76.00 in a research report on Friday, November 1st. Morgan Stanley increased their price objective on shares of Xcel Energy from $68.00 to $73.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 25th. Argus upgraded shares of Xcel Energy from a “hold” rating to a “buy” rating and set a $68.00 target price on the stock in a report on Monday, August 26th. Wells Fargo & Company increased 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, UBS Group boosted their price objective on Xcel Energy from $66.00 to $67.00 and gave the stock a “neutral” rating in a research note on Friday, September 20th. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, Xcel Energy presently has a consensus rating of “Moderate Buy” and an average price target of $66.38.

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.