Prossimo Advisors LLC Purchases 1,693 Shares of Xcel Energy Inc. $XEL

Prossimo Advisors LLC increased its position in shares of Xcel Energy Inc. (NASDAQ:XEL) by 59.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,546 shares of the company’s stock after buying an additional 1,693 shares during the period. Prossimo Advisors LLC’s holdings in Xcel Energy were worth $310,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD increased its stake in shares of Xcel Energy by 31.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 25,809,978 shares of the company’s stock worth $1,827,090,000 after purchasing an additional 6,109,190 shares during the period. Nuveen LLC bought a new stake in Xcel Energy during the 1st quarter valued at approximately $155,510,000. Massachusetts Financial Services Co. MA grew its holdings in Xcel Energy by 10.3% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 18,719,520 shares of the company’s stock valued at $1,274,799,000 after buying an additional 1,746,066 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Xcel Energy by 7.9% in the first quarter. JPMorgan Chase & Co. now owns 20,811,241 shares of the company’s stock worth $1,473,228,000 after acquiring an additional 1,520,092 shares during the last quarter. Finally, Vanguard Group Inc. increased its position in Xcel Energy by 1.3% during the first quarter. Vanguard Group Inc. now owns 74,818,158 shares of the company’s stock worth $5,296,377,000 after acquiring an additional 986,170 shares during the period. Institutional investors own 78.38% of the company’s stock.

Xcel Energy Stock Up 1.1%

Shares of XEL opened at $82.11 on Monday. The business’s fifty day moving average price is $80.28 and its two-hundred day moving average price is $74.05. The firm has a market capitalization of $48.57 billion, a price-to-earnings ratio of 22.75, a PEG ratio of 2.81 and a beta of 0.38. Xcel Energy Inc. has a 52 week low of $62.58 and a 52 week high of $83.01. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.85 and a current ratio of 0.96.

Xcel Energy (NASDAQ:XEL) last issued its quarterly earnings results on Wednesday, October 29th. The company reported $1.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.32 by ($0.08). The firm had revenue of $3.92 billion for the quarter, compared to analyst estimates of $3.89 billion. Xcel Energy had a net margin of 14.85% and a return on equity of 10.52%. The company’s revenue was up 7.4% compared to the same quarter last year. During the same period last year, the company earned $1.25 EPS. On average, analysts predict that Xcel Energy Inc. will post 3.82 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on XEL. TD Cowen started coverage on shares of Xcel Energy in a research report on Thursday, October 16th. They set a “buy” rating and a $93.00 price objective for the company. BMO Capital Markets lifted their price objective on Xcel Energy from $84.00 to $87.00 and gave the stock an “outperform” rating in a report on Wednesday, October 15th. BTIG Research upgraded Xcel Energy to a “strong-buy” rating in a research report on Wednesday, October 22nd. Royal Bank Of Canada began coverage on Xcel Energy in a research report on Tuesday, October 28th. They issued a “moderate buy” rating for the company. Finally, Cowen started coverage on shares of Xcel Energy in a report on Wednesday, October 15th. They issued a “buy” rating on the stock. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $87.14.

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.