Brown Brothers Harriman & Co. Has $86,000 Stake in Xcel Energy Inc. (NASDAQ:XEL)

Brown Brothers Harriman & Co. lowered its stake in Xcel Energy Inc. (NASDAQ:XEL) by 51.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,324 shares of the company’s stock after selling 1,421 shares during the quarter. Brown Brothers Harriman & Co.’s holdings in Xcel Energy were worth $86,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in XEL. Federated Hermes Inc. increased its holdings in Xcel Energy by 120.2% in the 2nd quarter. Federated Hermes Inc. now owns 2,379,615 shares of the company’s stock worth $127,095,000 after purchasing an additional 1,299,025 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of Xcel Energy by 130.4% during the second quarter. American Century Companies Inc. now owns 2,084,345 shares of the company’s stock worth $111,325,000 after purchasing an additional 1,179,823 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of Xcel Energy by 6.2% in the third quarter. Massachusetts Financial Services Co. MA now owns 15,190,756 shares of the company’s stock valued at $991,956,000 after buying an additional 892,740 shares during the period. Los Angeles Capital Management LLC raised its holdings in Xcel Energy by 725.1% in the 2nd quarter. Los Angeles Capital Management LLC now owns 907,030 shares of the company’s stock valued at $48,444,000 after buying an additional 797,096 shares during the last quarter. Finally, National Bank of Canada FI boosted its position in Xcel Energy by 89.4% during the 2nd quarter. National Bank of Canada FI now owns 1,534,971 shares of the company’s stock worth $80,478,000 after buying an additional 724,558 shares during the period. 78.38% of the stock is currently owned by institutional investors and hedge funds.

Xcel Energy Stock Performance

Shares of XEL stock opened at $72.92 on Friday. The firm has a 50 day moving average of $66.06 and a 200-day moving average of $60.22. The company has a market cap of $41.87 billion, a price-to-earnings ratio of 21.64, a price-to-earnings-growth ratio of 2.93 and a beta of 0.38. The company has a quick ratio of 0.82, a current ratio of 0.93 and a debt-to-equity ratio of 1.42. Xcel Energy Inc. has a 52 week low of $46.79 and a 52 week high of $73.38.

Xcel Energy (NASDAQ:XEL) last posted its quarterly earnings results on Thursday, October 31st. The company reported $1.25 EPS for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.01). Xcel Energy had a return on equity of 10.76% and a net margin of 13.67%. The company had revenue of $3.64 billion during the quarter, compared to analyst estimates of $3.93 billion. During the same quarter in the previous year, the business posted $1.23 earnings per share. The company’s revenue for the quarter was down .5% compared to the same quarter last year. On average, equities analysts forecast that Xcel Energy Inc. will post 3.54 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on XEL shares. KeyCorp upped their price target on shares of Xcel Energy from $69.00 to $74.00 and gave the company an “overweight” rating in a research report on Friday, November 1st. Morgan Stanley decreased their price objective on Xcel Energy from $74.00 to $72.00 and set an “equal weight” rating for the company in a report on Friday, November 22nd. Barclays lifted their target price on Xcel Energy from $67.00 to $71.00 and gave the stock an “overweight” rating in a report on Tuesday. Wells Fargo & Company increased their price target on Xcel Energy from $63.00 to $66.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 16th. Finally, Argus raised Xcel Energy from a “hold” rating to a “buy” rating and set a $68.00 price objective on the stock in a research note on Monday, August 26th. Seven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $66.62.

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.