7,507 Shares in Xcel Energy Inc. (NASDAQ:XEL) Bought by Cibc World Market Inc.

Cibc World Market Inc. bought a new position in shares of Xcel Energy Inc. (NASDAQ:XELGet Rating) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 7,507 shares of the company’s stock, valued at approximately $531,000.

Several other institutional investors have also recently made changes to their positions in the business. HHM Wealth Advisors LLC purchased a new position in Xcel Energy in the second quarter valued at $26,000. Eagle Bay Advisors LLC increased its holdings in Xcel Energy by 3,035.7% in the first quarter. Eagle Bay Advisors LLC now owns 439 shares of the company’s stock valued at $32,000 after buying an additional 425 shares in the last quarter. Pinebridge Investments L.P. purchased a new position in Xcel Energy in the second quarter valued at $38,000. EverSource Wealth Advisors LLC increased its holdings in Xcel Energy by 72.9% in the first quarter. EverSource Wealth Advisors LLC now owns 567 shares of the company’s stock valued at $41,000 after buying an additional 239 shares in the last quarter. Finally, J.W. Cole Advisors Inc. purchased a new position in Xcel Energy in the first quarter valued at $42,000. Hedge funds and other institutional investors own 77.52% of the company’s stock.

Xcel Energy Stock Performance

XEL opened at $68.68 on Tuesday. The firm has a market capitalization of $37.59 billion, a PE ratio of 22.44, a PEG ratio of 3.34 and a beta of 0.40. Xcel Energy Inc. has a twelve month low of $56.89 and a twelve month high of $77.66. The firm’s 50-day moving average price is $63.24 and its 200 day moving average price is $69.16. The company has a current ratio of 1.04, a quick ratio of 0.86 and a debt-to-equity ratio of 1.42.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. UBS Group lifted their price objective on shares of Xcel Energy to $68.00 in a report on Monday. JPMorgan Chase & Co. dropped their target price on shares of Xcel Energy from $86.00 to $72.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 18th. Credit Suisse Group lowered shares of Xcel Energy from an “outperform” rating to a “neutral” rating and set a $68.00 target price on the stock. in a research report on Monday. Mizuho dropped their target price on shares of Xcel Energy from $72.00 to $65.00 and set a “buy” rating on the stock in a research report on Wednesday, October 19th. Finally, Wolfe Research upgraded shares of Xcel Energy from a “peer perform” rating to an “outperform” rating and set a $69.00 target price on the stock in a research report on Thursday, October 20th. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $69.64.

Insider Buying and Selling

In related news, SVP Frank P. Prager sold 1,138 shares of the business’s stock in a transaction dated Wednesday, November 16th. The shares were sold at an average price of $68.48, for a total transaction of $77,930.24. Following the transaction, the senior vice president now directly owns 28,036 shares in the company, valued at $1,919,905.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.05% of the stock is currently owned by company insiders.

About Xcel Energy

(Get Rating)

Xcel Energy Inc, through its subsidiaries, generates, purchases, transmits, distributes, and sells electricity. It operates through Regulated Electric Utility, Regulated Natural Gas Utility, and All Other segments. The company generates electricity through coal, nuclear, natural gas, hydroelectric, solar, biomass, oil, wood/refuse, and wind energy sources.

Further Reading

Institutional Ownership by Quarter for Xcel Energy (NASDAQ:XEL)

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