Cerity Partners LLC Has $17.81 Million Holdings in Xcel Energy Inc. (NASDAQ:XEL)

Cerity Partners LLC lifted its stake in shares of Xcel Energy Inc. (NASDAQ:XEL) by 79.4% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 272,761 shares of the company’s stock after buying an additional 120,685 shares during the quarter. Cerity Partners LLC’s holdings in Xcel Energy were worth $17,814,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of XEL. Massachusetts Financial Services Co. MA raised its holdings in shares of 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 worth $991,956,000 after acquiring an additional 892,740 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Xcel Energy by 2.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,417,615 shares of the company’s stock worth $223,170,000 after purchasing an additional 67,820 shares during the last quarter. Federated Hermes Inc. lifted its holdings in shares of Xcel Energy by 120.2% in the second quarter. Federated Hermes Inc. now owns 2,379,615 shares of the company’s stock valued at $127,095,000 after purchasing an additional 1,299,025 shares in the last quarter. American Century Companies Inc. boosted its position 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 buying an additional 1,179,823 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in Xcel Energy by 10.4% during the second quarter. Dimensional Fund Advisors LP now owns 1,854,333 shares of the company’s stock worth $99,046,000 after buying an additional 174,653 shares in the last quarter. Institutional investors own 78.38% of the company’s stock.

Xcel Energy Stock Up 0.4 %

Shares of NASDAQ XEL opened at $71.60 on Tuesday. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.93 and a quick ratio of 0.82. The stock has a market capitalization of $41.12 billion, a PE ratio of 21.25, a P/E/G ratio of 2.92 and a beta of 0.38. Xcel Energy Inc. has a one year low of $46.79 and a one year high of $71.95. The business’s fifty day moving average price is $65.57 and its 200-day moving average price is $59.93.

Xcel Energy (NASDAQ:XEL) last issued 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). Xcel Energy had a return on equity of 10.76% and a net margin of 13.67%. The business had revenue of $3.64 billion for the quarter, compared to the consensus estimate of $3.93 billion. During the same quarter in the prior year, the business earned $1.23 EPS. Xcel Energy’s revenue for the quarter was down .5% compared to the same quarter last year. On average, equities research analysts anticipate that Xcel Energy Inc. will post 3.54 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have issued reports on XEL. Wells Fargo & Company lifted their price objective on shares of Xcel Energy from $63.00 to $66.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 16th. Barclays upped their price objective on shares of Xcel Energy from $57.00 to $67.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. Argus raised shares of Xcel Energy from a “hold” rating to a “buy” rating and set a $68.00 target price on the stock in a research report on Monday, August 26th. Morgan Stanley reduced their target price on Xcel Energy from $74.00 to $72.00 and set an “equal weight” rating for the company in a report on Friday. Finally, UBS Group increased their price target on Xcel Energy from $66.00 to $67.00 and gave the company a “neutral” rating in a research report on Friday, September 20th. Seven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $66.31.

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.