Atlantic Union Bankshares Corp Invests $389,000 in Xcel Energy Inc. $XEL

Atlantic Union Bankshares Corp bought a new stake in Xcel Energy Inc. (NASDAQ:XEL - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 5,710 shares of the company's stock, valued at approximately $389,000.

• 3 Utilities Plays You Can Lean on During Volatility

A number of other large investors have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD boosted its holdings in shares of Xcel Energy by 31.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 25,809,978 shares of the company's stock worth $1,827,090,000 after buying an additional 6,109,190 shares during the last quarter. Nuveen LLC purchased a new stake in shares of Xcel Energy in the 1st quarter valued at $155,510,000. JPMorgan Chase & Co. increased its stake in shares of Xcel Energy by 7.9% in the first quarter. JPMorgan Chase & Co. now owns 20,811,241 shares of the company's stock worth $1,473,228,000 after buying an additional 1,520,092 shares during the period. Vanguard Group Inc. raised its holdings in shares of Xcel Energy by 1.3% during the first quarter. Vanguard Group Inc. now owns 74,818,158 shares of the company's stock valued at $5,296,377,000 after acquiring an additional 986,170 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its stake in shares of Xcel Energy by 5,894.2% in the 2nd quarter. Assenagon Asset Management S.A. now owns 998,507 shares of the company's stock valued at $67,998,000 after purchasing an additional 981,849 shares during the period. 78.38% of the stock is currently owned by institutional investors and hedge funds.

Xcel Energy Stock Up 0.5%

XEL opened at $80.91 on Friday. Xcel Energy Inc. has a 52 week low of $62.58 and a 52 week high of $83.01. The business's fifty day simple moving average is $77.80 and its 200 day simple moving average is $72.92. The company has a quick ratio of 0.85, a current ratio of 0.96 and a debt-to-equity ratio of 1.48. The firm has a market cap of $47.86 billion, a P/E ratio of 22.41, a PEG ratio of 2.81 and a beta of 0.38.

• Powering Your Portfolio: The Utility Sector's Electrifying Surge

Xcel Energy (NASDAQ:XEL - Get Free Report) last released its earnings results on Thursday, October 30th. The company reported $1.24 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.32 by ($0.08). Xcel Energy had a net margin of 14.85% and a return on equity of 10.52%. The company had revenue of $3.92 billion during the quarter, compared to analysts' expectations of $3.89 billion. During the same quarter in the previous year, the firm posted $1.25 earnings per share. Xcel Energy's revenue for the quarter was up 7.4% compared to the same quarter last year. As a group, equities research analysts anticipate that Xcel Energy Inc. will post 3.82 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have commented on XEL shares. Royal Bank Of Canada initiated coverage on Xcel Energy in a research note on Tuesday, October 28th. They set a "moderate buy" rating on the stock. BTIG Research upgraded shares of Xcel Energy to a "strong-buy" rating in a research report on Wednesday, October 22nd. Morgan Stanley set a $86.00 price target on Xcel Energy and gave the company an "outperform" rating in a research note on Wednesday, October 22nd. KeyCorp lifted their price target on shares of Xcel Energy from $79.00 to $85.00 and gave the stock an "overweight" rating in a report on Wednesday, October 15th. Finally, Bank of America lifted their target price on Xcel Energy from $78.00 to $84.00 and gave the stock a "buy" rating in a report on Thursday, September 25th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, Xcel Energy currently has an average rating of "Buy" and a consensus price target of $87.29.

• Are defensive sectors ready to outshine growth in 2024?

Read Our Latest Analysis on XEL

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.

Read More

• Five stocks we like better than Xcel Energy
• What is the Dow Jones Industrial Average (DJIA)?
• Rivian’s Chart Says Go, But Some Analysts Still Say No
• EV Stocks and How to Profit from Them
• e.l.f. Sell-Off Is a Good Time to Buy, According to Analysts
• Best of the list of Dividend Aristocrats: Build wealth with the aristocrat index
• T-Mobile Is The Most Oversold Mega-Cap Stock—Time to Buy?

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in Xcel Energy Right Now?

Before you consider Xcel Energy, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Xcel Energy wasn't on the list.

While Xcel Energy currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here