OVERSEA CHINESE BANKING Corp Ltd Invests $239,000 in Xcel Energy Inc. (NASDAQ:XEL)

OVERSEA CHINESE BANKING Corp Ltd bought a new stake in Xcel Energy Inc. (NASDAQ:XEL) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 3,662 shares of the company’s stock, valued at approximately $239,000.

Several other hedge funds have also bought and sold shares of the stock. Ashton Thomas Securities LLC bought a new stake in Xcel Energy during the third quarter worth about $25,000. TruNorth Capital Management LLC purchased a new position in Xcel Energy during the 2nd quarter valued at about $30,000. American National Bank purchased a new position in shares of Xcel Energy during the second quarter valued at approximately $32,000. Transcendent Capital Group LLC purchased a new position in Xcel Energy during the 3rd quarter valued at $33,000. Finally, Kimelman & Baird LLC bought a new position in Xcel Energy in the second quarter worth about $35,000. 78.38% of the stock is currently owned by institutional investors.

Xcel Energy Price Performance

Shares of NASDAQ:XEL opened at $68.91 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. Xcel Energy Inc. has a twelve month low of $46.79 and a twelve month high of $69.53. The company’s 50 day moving average is $64.52 and its 200 day moving average is $59.00. The company has a market cap of $39.57 billion, a PE ratio of 20.45, a price-to-earnings-growth ratio of 2.80 and a beta of 0.38.

Xcel Energy (NASDAQ:XEL) last issued its earnings results on Thursday, October 31st. The company reported $1.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.26 by ($0.01). Xcel Energy had a return on equity of 10.76% and a net margin of 13.67%. The business had revenue of $3.64 billion for the quarter, compared to analysts’ expectations of $3.93 billion. During the same period last year, the business earned $1.23 EPS. The company’s revenue for the quarter was down .5% on a year-over-year basis. On average, sell-side analysts forecast that Xcel Energy Inc. will post 3.55 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on XEL. Barclays increased their price objective on Xcel Energy from $57.00 to $67.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. Morgan Stanley raised their price target on Xcel Energy from $68.00 to $73.00 and gave the stock an “equal weight” rating in a research note on Wednesday, September 25th. KeyCorp boosted their price target on Xcel Energy from $69.00 to $74.00 and gave the company an “overweight” rating in a report on Friday, November 1st. UBS Group increased their price target on Xcel Energy from $66.00 to $67.00 and gave the company a “neutral” rating in a research note on Friday, September 20th. Finally, Wells Fargo & Company lifted their price objective on shares of Xcel Energy from $63.00 to $66.00 and gave the company an “equal weight” rating in a report on Wednesday, October 16th. 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.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $66.38.

Xcel Energy Company 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.