Northwestern Mutual Wealth Management Co. Increases Stock Holdings in Xcel Energy Inc. $XEL

Northwestern Mutual Wealth Management Co. boosted its position in shares of Xcel Energy Inc. (NASDAQ:XEL) by 196.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 108,714 shares of the company’s stock after purchasing an additional 72,005 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Xcel Energy were worth $7,403,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the company. Grantham Mayo Van Otterloo & Co. LLC purchased a new stake in shares of Xcel Energy during the 2nd quarter valued at approximately $719,000. State Board of Administration of Florida Retirement System increased its stake in Xcel Energy by 1.2% during the second quarter. State Board of Administration of Florida Retirement System now owns 576,152 shares of the company’s stock worth $39,236,000 after acquiring an additional 7,020 shares during the last quarter. Johnson Financial Group Inc. lifted its stake in shares of Xcel Energy by 16.0% in the 2nd quarter. Johnson Financial Group Inc. now owns 20,016 shares of the company’s stock valued at $1,375,000 after purchasing an additional 2,766 shares during the last quarter. Elevation Point Wealth Partners LLC lifted its stake in shares of Xcel Energy by 40.6% in the 2nd quarter. Elevation Point Wealth Partners LLC now owns 6,122 shares of the company’s stock valued at $417,000 after purchasing an additional 1,767 shares during the last quarter. Finally, SCP Investment LP grew its holdings in shares of Xcel Energy by 45.5% during the 2nd quarter. SCP Investment LP now owns 12,800 shares of the company’s stock worth $872,000 after purchasing an additional 4,000 shares during the period. Hedge funds and other institutional investors own 78.38% of the company’s stock.

Xcel Energy Stock Performance

Shares of XEL stock opened at $79.73 on Tuesday. The company has a quick ratio of 0.85, a current ratio of 0.96 and a debt-to-equity ratio of 1.48. Xcel Energy Inc. has a 52 week low of $62.58 and a 52 week high of $83.01. The stock has a market capitalization of $47.16 billion, a PE ratio of 22.09, a P/E/G ratio of 2.81 and a beta of 0.38. The firm has a 50 day moving average of $80.43 and a two-hundred day moving average of $74.11.

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

Analyst Ratings Changes

XEL has been the topic of a number of recent analyst reports. Citigroup upped their target price on shares of Xcel Energy from $80.00 to $92.00 and gave the company a “buy” rating in a research report on Monday, November 3rd. Mizuho upped their price objective on shares of Xcel Energy from $83.00 to $87.00 and gave the stock an “outperform” rating in a report on Monday, October 27th. Royal Bank Of Canada began coverage on shares of Xcel Energy in a research report on Tuesday, October 28th. They set a “moderate buy” rating for the company. KeyCorp boosted their target price on Xcel Energy from $79.00 to $85.00 and gave the company an “overweight” rating in a research report on Wednesday, October 15th. Finally, Barclays upped their price target on Xcel Energy from $83.00 to $85.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 5th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Xcel Energy has a consensus rating of “Moderate Buy” and a consensus price target of $87.14.

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.