M&G PLC Has $610,000 Holdings in Xcel Energy Inc. $XEL

M&G PLC trimmed its stake in shares of Xcel Energy Inc. (NASDAQ:XEL) by 53.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,970 shares of the company’s stock after selling 10,434 shares during the quarter. M&G PLC’s holdings in Xcel Energy were worth $610,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Accent Capital Management LLC bought a new position in Xcel Energy in the first quarter valued at about $29,000. Rise Advisors LLC increased its stake in shares of Xcel Energy by 62.9% in the second quarter. Rise Advisors LLC now owns 518 shares of the company’s stock valued at $35,000 after buying an additional 200 shares during the period. Marshall & Sullivan Inc. WA bought a new position in Xcel Energy in the 2nd quarter valued at approximately $44,000. RMG Wealth Management LLC bought a new position in Xcel Energy in the 2nd quarter valued at approximately $46,000. Finally, Ransom Advisory Ltd acquired a new stake in Xcel Energy during the 1st quarter worth approximately $50,000. Institutional investors own 78.38% of the company’s stock.

Analysts Set New Price Targets

XEL has been the topic of a number of recent research reports. BMO Capital Markets lifted their price target on shares of Xcel Energy from $84.00 to $87.00 and gave the stock an “outperform” rating in a report on Wednesday, October 15th. Citigroup raised their target price on Xcel Energy from $80.00 to $92.00 and gave the stock a “buy” rating in a research report on Monday, November 3rd. KeyCorp upped their price target on Xcel Energy from $79.00 to $85.00 and gave the company an “overweight” rating in a research report on Wednesday, October 15th. Jefferies Financial Group increased their price target on Xcel Energy from $84.00 to $92.00 and gave the company a “buy” rating in a research note on Thursday, October 16th. Finally, Morgan Stanley set a $86.00 price objective on Xcel Energy and gave the stock an “outperform” rating in a research report on Wednesday, October 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Xcel Energy currently has an average rating of “Buy” and a consensus price target of $87.29.

Xcel Energy Stock Performance

XEL opened at $80.14 on Friday. 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 company’s fifty day moving average price is $78.47 and its two-hundred day moving average price is $73.19. Xcel Energy Inc. has a 1-year low of $62.58 and a 1-year high of $83.01. The company has a market cap of $47.41 billion, a price-to-earnings ratio of 22.20, a PEG ratio of 2.81 and a beta of 0.38.

Xcel Energy (NASDAQ:XEL) last announced its 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). Xcel Energy had a net margin of 14.85% and a return on equity of 10.52%. The company had revenue of $3.92 billion for the quarter, compared to analysts’ expectations of $3.89 billion. During the same period in the previous year, the firm earned $1.25 EPS. The firm’s quarterly revenue was up 7.4% on a year-over-year basis. On average, analysts expect that Xcel Energy Inc. will post 3.82 EPS 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.