Eaton Vance Management boosted its position in Xcel Energy Inc (NYSE:XEL) by 24.4% in the third quarter, HoldingsChannel reports. The institutional investor owned 127,452 shares of the utilities provider’s stock after acquiring an additional 24,992 shares during the quarter. Eaton Vance Management’s holdings in Xcel Energy were worth $6,017,000 as of its most recent SEC filing.
A number of other institutional investors have also recently modified their holdings of XEL. Levin Capital Strategies L.P. bought a new stake in Xcel Energy in the 3rd quarter valued at about $58,727,000. Carillon Tower Advisers Inc. acquired a new position in Xcel Energy during the 2nd quarter valued at about $35,271,000. Morgan Stanley boosted its stake in Xcel Energy by 61.5% during the 2nd quarter. Morgan Stanley now owns 2,016,168 shares of the utilities provider’s stock valued at $92,098,000 after purchasing an additional 767,419 shares during the last quarter. BlackRock Inc. boosted its stake in Xcel Energy by 1.7% during the 3rd quarter. BlackRock Inc. now owns 44,059,445 shares of the utilities provider’s stock valued at $2,080,045,000 after purchasing an additional 752,647 shares during the last quarter. Finally, Hsbc Holdings PLC boosted its stake in Xcel Energy by 72.0% during the 3rd quarter. Hsbc Holdings PLC now owns 935,381 shares of the utilities provider’s stock valued at $44,135,000 after purchasing an additional 391,505 shares during the last quarter. 73.96% of the stock is owned by institutional investors and hedge funds.
A number of equities analysts have issued reports on the company. Morgan Stanley downgraded Xcel Energy from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $52.00 to $50.00 in a research note on Friday, September 21st. Mizuho downgraded Xcel Energy from a “buy” rating to a “neutral” rating and cut their price target for the company from $48.50 to $47.00 in a research note on Friday, November 2nd. Zacks Investment Research upgraded Xcel Energy from a “hold” rating to a “buy” rating and set a $53.00 price target for the company in a research note on Thursday, September 27th. Barclays set a $54.00 price target on Xcel Energy and gave the company a “buy” rating in a research note on Monday, November 19th. Finally, Argus lifted their price target on Xcel Energy from $53.00 to $57.00 and gave the company a “buy” rating in a research note on Wednesday, October 31st. Six research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $50.00.
Xcel Energy (NYSE:XEL) last released its quarterly earnings results on Thursday, October 25th. The utilities provider reported $0.96 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.02). The business had revenue of $3.05 billion during the quarter, compared to analyst estimates of $3.08 billion.
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Xcel Energy Company Profile
Xcel Energy Inc is a public utility holding company. The Company’s operations include the activity of four utility subsidiaries that serve electric and natural gas customers in eight states. The Company’s segments include regulated electric utility, regulated natural gas utility and all other. The Company’s utility subsidiaries include NSP-Minnesota, NSP-Wisconsin, Public Service Company of Colorado (PSCo) and Southwestern Public Service Co (SPS), which serve customers in portions of Colorado, Michigan, Minnesota, New Mexico, North Dakota, South Dakota, Texas and Wisconsin.
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