ABN Amro Investment Solutions Takes Position in Xcel Energy Inc. $XEL

ABN Amro Investment Solutions bought a new position in Xcel Energy Inc. (NASDAQ:XEL) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 86,500 shares of the company’s stock, valued at approximately $5,891,000.

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

Wall Street Analysts Forecast Growth

Several analysts have weighed in on XEL shares. Citigroup upped their price objective on shares of Xcel Energy from $80.00 to $92.00 and gave the stock a “buy” rating in a research note on Monday, November 3rd. BTIG Research upgraded shares of Xcel Energy to a “strong-buy” rating in a research note on Wednesday, October 22nd. Royal Bank Of Canada began coverage on Xcel Energy in a report on Tuesday, October 28th. They issued a “moderate buy” rating on the stock. UBS Group set a $85.00 price target on Xcel Energy in a research report on Wednesday, November 5th. Finally, Cowen assumed coverage on Xcel Energy in a research report on Wednesday, October 15th. They issued a “buy” rating for the company. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, Xcel Energy currently has a consensus rating of “Buy” and a consensus target price of $87.29.

Xcel Energy Price Performance

XEL opened at $80.14 on Friday. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.96 and a quick ratio of 0.85. The company’s 50 day simple moving average is $78.47 and its 200-day simple moving average is $73.19. Xcel Energy Inc. has a one year low of $62.58 and a one year high of $83.01. The stock has a market capitalization of $47.41 billion, a P/E ratio of 22.20, a price-to-earnings-growth ratio of 2.81 and a beta of 0.38.

Xcel Energy (NASDAQ:XEL) last announced its quarterly earnings data on Wednesday, October 29th. The company reported $1.24 EPS 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 net margin of 14.85% and a return on equity of 10.52%. The firm’s quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.25 earnings per share. Sell-side 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.