Tokio Marine Asset Management Co. Ltd. Purchases 511 Shares of Xcel Energy Inc. (NASDAQ:XEL)

Tokio Marine Asset Management Co. Ltd. boosted its position in shares of Xcel Energy Inc. (NASDAQ:XEL) by 3.6% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 14,836 shares of the company’s stock after acquiring an additional 511 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Xcel Energy were worth $969,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Avantax Advisory Services Inc. lifted its stake in shares of Xcel Energy by 1.3% during the 1st quarter. Avantax Advisory Services Inc. now owns 16,054 shares of the company’s stock worth $863,000 after acquiring an additional 212 shares during the last quarter. Nicolet Advisory Services LLC boosted its stake in shares of Xcel Energy by 55.7% during the first quarter. Nicolet Advisory Services LLC now owns 6,362 shares of the company’s stock valued at $346,000 after purchasing an additional 2,277 shares during the period. Ontario Teachers Pension Plan Board increased its stake in Xcel Energy by 68.9% in the 1st quarter. Ontario Teachers Pension Plan Board now owns 162,808 shares of the company’s stock worth $8,751,000 after buying an additional 66,389 shares during the period. Covestor Ltd lifted its holdings in Xcel Energy by 325.9% during the 1st quarter. Covestor Ltd now owns 1,316 shares of the company’s stock valued at $71,000 after buying an additional 1,007 shares in the last quarter. Finally, Ameritas Investment Partners Inc. boosted its position in Xcel Energy by 109.3% in the 1st quarter. Ameritas Investment Partners Inc. now owns 47,590 shares of the company’s stock valued at $2,558,000 after buying an additional 24,850 shares during the period. 78.38% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

XEL has been the subject of several research analyst reports. Morgan Stanley lifted their price target on shares of Xcel Energy from $68.00 to $73.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 25th. Wells Fargo & Company lifted their price objective on Xcel Energy from $63.00 to $66.00 and gave the company an “equal weight” rating in a report on Wednesday, October 16th. Jefferies Financial Group upgraded shares of Xcel Energy from a “hold” rating to a “buy” rating and increased their price objective for the company from $71.00 to $76.00 in a research note on Friday, November 1st. Argus upgraded Xcel Energy from a “hold” rating to a “buy” rating and set a $68.00 target price for the company in a report on Monday, August 26th. Finally, UBS Group lifted their price target on Xcel Energy from $66.00 to $67.00 and gave the company a “neutral” rating in a report on Friday, September 20th. Seven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, Xcel Energy currently has a consensus rating of “Moderate Buy” and an average target price of $66.38.

Xcel Energy Stock Up 0.8 %

NASDAQ:XEL opened at $69.46 on Friday. The company has a current ratio of 0.93, a quick ratio of 0.82 and a debt-to-equity ratio of 1.42. The company’s 50 day moving average is $64.63 and its two-hundred day moving average is $59.07. The company has a market cap of $39.89 billion, a PE ratio of 20.61, a P/E/G ratio of 2.80 and a beta of 0.38. Xcel Energy Inc. has a twelve month low of $46.79 and a twelve month high of $69.90.

Xcel Energy (NASDAQ:XEL) last released its quarterly earnings data on Thursday, October 31st. The company reported $1.25 earnings per share for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.01). The company had revenue of $3.64 billion for the quarter, compared to analysts’ expectations of $3.93 billion. Xcel Energy had a net margin of 13.67% and a return on equity of 10.76%. The business’s quarterly revenue was down .5% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.23 EPS. Analysts anticipate that Xcel Energy Inc. will post 3.55 EPS for the current year.

Xcel Energy Profile

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.