Quantinno Capital Management LP Buys 15,283 Shares of Xcel Energy Inc. (NASDAQ:XEL)

Quantinno Capital Management LP boosted its stake in shares of Xcel Energy Inc. (NASDAQ:XEL) by 20.9% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 88,385 shares of the company’s stock after buying an additional 15,283 shares during the period. Quantinno Capital Management LP’s holdings in Xcel Energy were worth $5,772,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ashton Thomas Securities LLC bought a new position in Xcel Energy during the 3rd quarter valued at approximately $25,000. TruNorth Capital Management LLC bought a new position in Xcel Energy during the 2nd quarter valued at approximately $30,000. American National Bank bought a new position in Xcel Energy during the 2nd quarter valued at approximately $32,000. Transcendent Capital Group LLC bought a new position in Xcel Energy during the 3rd quarter valued at approximately $33,000. Finally, Kimelman & Baird LLC purchased a new stake in Xcel Energy during the 2nd quarter valued at $35,000. Institutional investors own 78.38% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on XEL. Morgan Stanley cut their target price on 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. Argus upgraded Xcel Energy from a “hold” rating to a “buy” rating and set a $68.00 target price on the stock in a research note on Monday, August 26th. UBS Group increased their target price on Xcel Energy from $66.00 to $67.00 and gave the company a “neutral” rating in a research note on Friday, September 20th. Barclays increased 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. Finally, KeyCorp increased 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. Seven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, Xcel Energy has an average rating of “Moderate Buy” and an average price target of $67.00.

Xcel Energy Price Performance

Shares of Xcel Energy stock opened at $69.74 on Friday. Xcel Energy Inc. has a one year low of $46.79 and a one year high of $73.38. The stock’s fifty day moving average is $66.78 and its 200 day moving average is $60.76. The stock has a market cap of $40.05 billion, a P/E ratio of 20.69, a P/E/G ratio of 2.89 and a beta of 0.41. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.82 and a current ratio of 0.93.

Xcel Energy (NASDAQ:XEL) last announced its earnings results on Thursday, October 31st. The company reported $1.25 EPS 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 company had revenue of $3.64 billion during the quarter, compared to the consensus estimate of $3.93 billion. During the same period in the prior year, the business posted $1.23 earnings per share. Xcel Energy’s revenue for the quarter was down .5% compared to the same quarter last year. Sell-side analysts anticipate 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.