ProShare Advisors LLC lifted its holdings in shares of Xcel Energy Inc. (NASDAQ:XEL – Free Report) by 3.3% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 705,317 shares of the company’s stock after buying an additional 22,706 shares during the period. ProShare Advisors LLC’s holdings in Xcel Energy were worth $49,711,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also modified their holdings of XEL. Bank of New York Mellon Corp acquired a new position in Xcel Energy during the second quarter worth $280,187,000. Engineers Gate Manager LP acquired a new stake in shares of Xcel Energy in the second quarter worth about $7,894,000. Jupiter Topco LLC acquired a new stake in shares of Xcel Energy in the second quarter worth about $94,211,000. Allianz Asset Management GmbH boosted its stake in shares of Xcel Energy by 10,366.0% during the 2nd quarter. Allianz Asset Management GmbH now owns 316,702 shares of the company’s stock worth $25,431,000 after acquiring an additional 313,676 shares in the last quarter. Finally, Bank of America Corp DE increased its holdings in shares of Xcel Energy by 1.7% during the 2nd quarter. Bank of America Corp DE now owns 29,933,748 shares of the company’s stock valued at $2,403,680,000 after acquiring an additional 491,937 shares during the last quarter. Institutional investors own 78.38% of the company’s stock.
Analyst Upgrades and Downgrades
XEL has been the topic of a number of recent analyst reports. HSBC began coverage on Xcel Energy in a research note on Thursday, October 22nd. They issued a “buy” rating and a $89.00 price objective on the stock. UBS Group lifted their price target on shares of Xcel Energy from $91.00 to $96.00 in a research report on Monday, July 6th. JPMorgan Chase & Co. reduced their price objective on shares of Xcel Energy from $97.00 to $92.00 and set an “overweight” rating for the company in a research note on Tuesday, October 13th. Wall Street Zen downgraded shares of Xcel Energy from a “hold” rating to a “sell” rating in a report on Saturday. Finally, KeyCorp lowered their target price on shares of Xcel Energy from $90.00 to $87.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 13th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $90.28.
Read Our Latest Stock Analysis on Xcel Energy
Key Headlines Impacting Xcel Energy
Here are the key news stories impacting Xcel Energy this week:
- Positive Sentiment: Third-quarter EPS beat expectations. Xcel reported ongoing earnings of $1.52 per share, up from $1.24 a year earlier and above the $1.39 analyst consensus. Higher electric sales, favorable weather and increased recovery of electric costs supported results. Xcel Energy Q3 revenue jumps 6.6% to $4.17B as EPS beats forecasts
- Positive Sentiment: Long-term growth investment increased. Xcel outlined a roughly $70 billion, five-year capital investment plan, aimed at expanding and upgrading its electric system to meet rising demand. The company also initiated 2027 EPS guidance of $4.48 to $4.62, providing investors with a new earnings framework. Xcel outlines $70B 5-year investment plan while initiating 2027 EPS guidance
- Positive Sentiment: Analyst sentiment remained supportive. Barclays raised its price target to $94 from $85, while RBC Capital Markets maintained a Buy rating, signaling confidence in Xcel’s regulated utility growth prospects. Barclays Adjusts Price Target on Xcel Energy to $94 From $85
- Neutral Sentiment: Revenue grew but missed estimates. Third-quarter revenue rose 6.6% year over year to $4.17 billion, though it fell short of the $4.26 billion consensus, limiting the impact of the earnings beat. Xcel Energy Q3 Earnings Beat Estimates, Revenues Increase Year over Year
- Negative Sentiment: 2026 earnings guidance was lowered or narrowed. Management reduced its full-year ongoing EPS outlook despite the quarterly beat, reflecting uncertainty around the timing of cost recovery and operating conditions. The large investment program may also increase financing and execution requirements. Xcel Energy Q3 Earnings Beat Estimates, Revenues Increase Year over Year
Xcel Energy Price Performance
Shares of NASDAQ:XEL opened at $79.82 on Monday. The business has a 50 day moving average price of $74.68 and a 200 day moving average price of $78.19. Xcel Energy Inc. has a twelve month low of $68.72 and a twelve month high of $84.23. The company has a market cap of $51.23 billion, a price-to-earnings ratio of 18.61, a PEG ratio of 2.65 and a beta of 0.34. The company has a quick ratio of 0.61, a current ratio of 0.69 and a debt-to-equity ratio of 1.43.
Xcel Energy (NASDAQ:XEL – Get Free Report) last issued its quarterly earnings results on Wednesday, October 28th. The company reported $1.52 EPS for the quarter, topping the consensus estimate of $1.39 by $0.13. Xcel Energy had a return on equity of 11.10% and a net margin of 17.94%. The company had revenue of $4.17 billion for the quarter, compared to the consensus estimate of $4.26 billion. During the same period in the previous year, the business posted $1.24 EPS. The company’s revenue for the quarter was up 6.6% on a year-over-year basis. Research analysts predict that Xcel Energy Inc. will post 4.13 earnings per share for the current year.
Xcel Energy Company Profile
Xcel Energy Inc is a public utility holding company that provides electricity and natural gas services to residential, commercial, and industrial customers. Its operations include the generation, transmission, distribution, and sale of electricity, as well as the distribution and sale of natural gas.
The company serves customers across Colorado, Michigan, Minnesota, New Mexico, North Dakota, South Dakota, Texas, and Wisconsin through operating companies including Northern States Power, Public Service Company of Colorado, Southwestern Public Service Company, and NSP-Wisconsin.
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