Bank of Montreal Can Sells 68,507 Shares of Xcel Energy Inc. $XEL

Bank of Montreal Can cut its stake in Xcel Energy Inc. (NASDAQ:XEL) by 9.7% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 638,607 shares of the company’s stock after selling 68,507 shares during the quarter. Bank of Montreal Can owned 0.11% of Xcel Energy worth $43,489,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Bessemer Group Inc. grew its stake in shares of Xcel Energy by 0.9% in the second quarter. Bessemer Group Inc. now owns 16,074 shares of the company’s stock worth $1,094,000 after acquiring an additional 144 shares during the period. Catalyst Capital Advisors LLC grew its stake in shares of Xcel Energy by 7.2% in the second quarter. Catalyst Capital Advisors LLC now owns 2,169 shares of the company’s stock worth $148,000 after acquiring an additional 145 shares during the period. LCM Capital Management Inc grew its stake in shares of Xcel Energy by 4.3% in the second quarter. LCM Capital Management Inc now owns 3,572 shares of the company’s stock worth $243,000 after acquiring an additional 147 shares during the period. Blair William & Co. IL grew its stake in shares of Xcel Energy by 0.4% in the second quarter. Blair William & Co. IL now owns 38,183 shares of the company’s stock worth $2,600,000 after acquiring an additional 151 shares during the period. Finally, LRI Investments LLC grew its stake in shares of Xcel Energy by 8.7% in the second quarter. LRI Investments LLC now owns 2,068 shares of the company’s stock worth $141,000 after acquiring an additional 165 shares during the period. 78.38% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

XEL has been the subject of a number of research analyst reports. Mizuho lifted their price target on shares of Xcel Energy from $83.00 to $87.00 and gave the stock an “outperform” rating in a research note on Monday, October 27th. Bank of America boosted their target price on shares of Xcel Energy from $78.00 to $84.00 and gave the company a “buy” rating in a research report on Thursday, September 25th. BTIG Research upgraded shares of Xcel Energy to a “strong-buy” rating in a research report on Wednesday, October 22nd. Morgan Stanley set a $86.00 target price on shares of Xcel Energy and gave the company an “outperform” rating in a research report on Wednesday, October 22nd. Finally, Citigroup boosted 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. Two analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Xcel Energy has an average rating of “Buy” and an average price target of $87.29.

Xcel Energy Stock Performance

XEL opened at $81.19 on Thursday. The firm has a market cap of $48.02 billion, a P/E ratio of 22.49, a PEG ratio of 2.81 and a beta of 0.38. Xcel Energy Inc. has a 1-year low of $62.58 and a 1-year high of $83.01. The company has a 50 day simple moving average of $77.47 and a two-hundred day simple moving average of $72.77. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.96 and a quick ratio of 0.85.

Xcel Energy (NASDAQ:XEL) last posted its quarterly earnings results on Thursday, October 30th. The company reported $1.24 earnings per share for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.08). The firm had revenue of $3.92 billion during the quarter, compared to the consensus estimate of $3.89 billion. Xcel Energy had a return on equity of 10.52% and a net margin of 14.85%.The business’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.25 earnings per share. Equities analysts forecast that Xcel Energy Inc. will post 3.82 earnings per share for the current fiscal 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.