Xcel Energy Inc. $XEL Shares Sold by Kayne Anderson Capital Advisors LP

Kayne Anderson Capital Advisors LP lowered its holdings in shares of Xcel Energy Inc. (NASDAQ:XEL) by 54.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 86,410 shares of the company’s stock after selling 104,348 shares during the period. Kayne Anderson Capital Advisors LP’s holdings in Xcel Energy were worth $5,885,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Brighton Jones LLC acquired a new stake in shares of Xcel Energy during the 4th quarter worth about $240,000. Diversify Advisory Services LLC bought a new position in shares of Xcel Energy in the first quarter valued at $382,000. Csenge Advisory Group grew its stake in Xcel Energy by 5.2% in the first quarter. Csenge Advisory Group now owns 6,714 shares of the company’s stock valued at $471,000 after purchasing an additional 332 shares in the last quarter. Kestra Private Wealth Services LLC lifted its position in shares of Xcel Energy by 2.7% in the 1st quarter. Kestra Private Wealth Services LLC now owns 9,616 shares of the company’s stock worth $681,000 after acquiring an additional 254 shares during the period. Finally, IFP Advisors Inc boosted its position in Xcel Energy by 9.7% during the 1st quarter. IFP Advisors Inc now owns 6,195 shares of the company’s stock worth $439,000 after acquiring an additional 549 shares during the last quarter. Institutional investors and hedge funds own 78.38% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on XEL. Royal Bank Of Canada began coverage on Xcel Energy in a research report on Tuesday, October 28th. They set a “moderate buy” rating for the company. TD Cowen initiated coverage on shares of Xcel Energy in a research report on Thursday, October 16th. They set a “buy” rating and a $93.00 price target on the stock. Citigroup boosted their price objective 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. Barclays raised their target price on Xcel Energy from $83.00 to $85.00 and gave the company an “overweight” rating in a report on Wednesday, November 5th. Finally, Weiss Ratings raised Xcel Energy from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, October 24th. Two analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Xcel Energy has an average rating of “Buy” and a consensus target price of $87.29.

Xcel Energy Price Performance

Shares of NASDAQ XEL opened at $81.31 on Tuesday. The company has a current ratio of 0.96, a quick ratio of 0.85 and a debt-to-equity ratio of 1.48. The firm’s 50-day moving average price is $78.82 and its 200-day moving average price is $73.38. The firm has a market capitalization of $48.10 billion, a P/E ratio of 22.52, a P/E/G 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.

Xcel Energy (NASDAQ:XEL) last announced its quarterly earnings results on Wednesday, October 29th. The company reported $1.24 EPS for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.08). The business had revenue of $3.92 billion for the quarter, compared to the consensus estimate of $3.89 billion. Xcel Energy had a net margin of 14.85% and a return on equity of 10.52%. The business’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter last year, the firm posted $1.25 EPS. Equities research analysts anticipate 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.