Tema Etfs LLC Raises Stock Holdings in Xcel Energy Inc. $XEL

Tema Etfs LLC boosted its position in Xcel Energy Inc. (NASDAQ:XEL) by 34.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 37,813 shares of the company’s stock after purchasing an additional 9,736 shares during the quarter. Tema Etfs LLC’s holdings in Xcel Energy were worth $2,575,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Brown Advisory Inc. grew its holdings in Xcel Energy by 4.8% in the second quarter. Brown Advisory Inc. now owns 10,193 shares of the company’s stock worth $694,000 after purchasing an additional 469 shares during the period. Great Diamond Partners LLC bought a new stake in shares of Xcel Energy in the 2nd quarter worth approximately $234,000. Guggenheim Capital LLC boosted its position in shares of Xcel Energy by 30.9% in the 2nd quarter. Guggenheim Capital LLC now owns 297,116 shares of the company’s stock worth $20,234,000 after purchasing an additional 70,060 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of Xcel Energy by 13.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 11,475 shares of the company’s stock worth $781,000 after buying an additional 1,363 shares during the last quarter. Finally, Invesco Ltd. increased its position in Xcel Energy by 29.0% during the 2nd quarter. Invesco Ltd. now owns 7,366,422 shares of the company’s stock valued at $501,653,000 after buying an additional 1,654,505 shares in the last quarter. 78.38% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on XEL. BMO Capital Markets boosted their target price on Xcel Energy from $84.00 to $87.00 and gave the stock an “outperform” rating in a report on Wednesday, October 15th. Cowen assumed coverage on Xcel Energy in a research report on Wednesday, October 15th. They issued a “buy” rating for the company. BTIG Research upgraded shares of Xcel Energy to a “strong-buy” rating in a research note on Wednesday, October 22nd. Royal Bank Of Canada began coverage on shares of Xcel Energy in a research note on Tuesday, October 28th. They set a “moderate buy” rating for the company. Finally, Morgan Stanley reaffirmed an “underperform” rating and issued a $84.00 target price on shares of Xcel Energy in a report on Thursday, November 20th. Two analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $87.14.

Xcel Energy Price Performance

Shares of NASDAQ:XEL opened at $77.77 on Friday. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.69 and a current ratio of 0.79. The firm has a market cap of $46.00 billion, a price-to-earnings ratio of 23.71, a price-to-earnings-growth ratio of 2.32 and a beta of 0.45. The business has a 50-day simple moving average of $80.57 and a two-hundred day simple moving average of $74.21. Xcel Energy Inc. has a fifty-two week low of $62.58 and a fifty-two week high of $83.01.

Xcel Energy (NASDAQ:XEL) last announced its quarterly earnings results on Wednesday, October 29th. The company reported $1.24 EPS for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.08). Xcel Energy had a return on equity of 10.45% and a net margin of 13.46%.The company had revenue of $3.92 billion during the quarter, compared to the consensus estimate of $3.89 billion. During the same quarter in the prior year, the firm earned $1.25 earnings per share. The business’s revenue was up 7.4% compared to the same quarter last year. On average, analysts expect 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.