Nisa Investment Advisors LLC Sells 3,686 Shares of Xcel Energy Inc. (NASDAQ:XEL)

Nisa Investment Advisors LLC decreased its holdings in Xcel Energy Inc. (NASDAQ:XEL) by 5.7% in the third quarter, HoldingsChannel.com reports. The fund owned 61,535 shares of the company’s stock after selling 3,686 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Xcel Energy were worth $4,052,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. TruNorth Capital Management LLC bought a new position in Xcel Energy in the 2nd quarter worth approximately $30,000. American National Bank bought a new position in shares of Xcel Energy during the second quarter worth $32,000. Kimelman & Baird LLC purchased a new position in Xcel Energy during the second quarter valued at $35,000. West Financial Advisors LLC bought a new stake in Xcel Energy in the 3rd quarter valued at $43,000. Finally, Rothschild Investment LLC purchased a new stake in Xcel Energy in the 2nd quarter worth $37,000. Hedge funds and other institutional investors own 78.38% of the company’s stock.

Analysts Set New Price Targets

XEL has been the subject of a number of research analyst reports. UBS Group raised their price objective on Xcel Energy from $66.00 to $67.00 and gave the company a “neutral” rating in a research report on Friday, September 20th. Argus upgraded Xcel Energy from a “hold” rating to a “buy” rating and set a $68.00 target price for the company in a research report on Monday, August 26th. Barclays boosted their price target on shares of Xcel Energy from $57.00 to $67.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. Morgan Stanley upped 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. Finally, KeyCorp lifted their price objective on shares of Xcel Energy from $69.00 to $74.00 and gave the stock an “overweight” rating in a research note on Friday. Seven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $66.38.

Xcel Energy Stock Down 0.2 %

Shares of NASDAQ XEL opened at $66.69 on Friday. The company has a market cap of $37.18 billion, a P/E ratio of 19.91, a PEG ratio of 2.77 and a beta of 0.39. The firm has a 50-day simple moving average of $63.61 and a two-hundred day simple moving average of $58.25. Xcel Energy Inc. has a 1 year low of $46.79 and a 1 year high of $68.36. The company has a debt-to-equity ratio of 1.54, a current ratio of 0.97 and a quick ratio of 0.86.

Xcel Energy (NASDAQ:XEL) last posted its quarterly earnings data on Thursday, October 31st. The company reported $1.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.06). The business had revenue of $3.64 billion for the quarter, compared to analysts’ expectations of $3.93 billion. Xcel Energy had a net margin of 13.46% and a return on equity of 10.94%. Xcel Energy’s revenue was down .5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.23 EPS. Research analysts anticipate that Xcel Energy Inc. will post 3.55 earnings per share for the current 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.