Xcel Energy Inc. $XEL Shares Sold by Teilinger Capital Ltd.

Teilinger Capital Ltd. reduced its stake in Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 16.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 300,000 shares of the company's stock after selling 60,000 shares during the period. Xcel Energy accounts for 19.9% of Teilinger Capital Ltd.'s holdings, making the stock its 2nd biggest holding. Teilinger Capital Ltd. owned 0.05% of Xcel Energy worth $20,430,000 as of its most recent filing with the Securities and Exchange Commission.

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A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Empirical Finance LLC raised its stake in Xcel Energy by 0.7% during the 2nd quarter. Empirical Finance LLC now owns 19,196 shares of the company's stock worth $1,307,000 after buying an additional 140 shares during the period. CENTRAL TRUST Co raised its position in shares of Xcel Energy by 1.7% during the second quarter. CENTRAL TRUST Co now owns 8,315 shares of the company's stock worth $566,000 after purchasing an additional 142 shares during the period. Bessemer Group Inc. lifted its holdings in shares of Xcel Energy by 0.9% in the 2nd quarter. Bessemer Group Inc. now owns 16,074 shares of the company's stock worth $1,094,000 after purchasing an additional 144 shares in the last quarter. Catalyst Capital Advisors LLC grew its position in Xcel Energy by 7.2% in the 2nd quarter. Catalyst Capital Advisors LLC now owns 2,169 shares of the company's stock valued at $148,000 after purchasing an additional 145 shares during the period. Finally, LCM Capital Management Inc increased its stake in Xcel Energy by 4.3% during the 2nd quarter. LCM Capital Management Inc now owns 3,572 shares of the company's stock valued at $243,000 after purchasing an additional 147 shares in the last quarter. Institutional investors own 78.38% of the company's stock.

Analysts Set New Price Targets

A number of research firms have weighed in on XEL. TD Cowen began coverage on shares of Xcel Energy in a research note on Thursday, October 16th. They issued a "buy" rating and a $93.00 price objective on the stock. Cowen assumed coverage on Xcel Energy in a research report on Wednesday, October 15th. They set a "buy" rating on the stock. Morgan Stanley reiterated an "underperform" rating and set a $84.00 price target on shares of Xcel Energy in a report on Thursday. KeyCorp increased their price target on Xcel Energy from $79.00 to $85.00 and gave the company an "overweight" rating in a research report on Wednesday, October 15th. Finally, Weiss Ratings raised shares of Xcel Energy from a "hold (c+)" rating to a "buy (b-)" rating in a report on Friday, October 24th. Two analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $87.14.

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Check Out Our Latest Research Report on XEL

Xcel Energy Price Performance

Shares of NASDAQ:XEL opened at $80.86 on Tuesday. The company has a market capitalization of $47.83 billion, a P/E ratio of 22.27, a price-to-earnings-growth ratio of 2.81 and a beta of 0.38. The company's 50-day moving average is $79.55 and its 200 day moving average is $73.70. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.85 and a current ratio of 0.96. Xcel Energy Inc. has a fifty-two week low of $62.58 and a fifty-two week high of $83.01.

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Xcel Energy (NASDAQ:XEL - Get Free Report) last announced its quarterly earnings data on Wednesday, October 29th. The company reported $1.24 EPS for the quarter, missing the consensus estimate of $1.32 by ($0.08). The company had revenue of $3.92 billion during the quarter, compared to the consensus estimate of $3.89 billion. Xcel Energy had a return on equity of 10.52% and a net margin of 14.85%.The business's revenue was up 7.4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.25 EPS. On average, equities research analysts forecast that Xcel Energy Inc. will post 3.82 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.

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