Xcel Energy Inc (NYSE:XEL).
Raymond James & Associates says it increased its stake in Xcel Energy Inc by 157,574 shares as of the end of the last quarter. Its stake was worth $24,784,000 an increase of 47.5% as of the end of the quarter.
The following firms have recently changed their position in XEL. Baird Financial Group, Inc. reduced its investment by selling 2,145 shares a decrease of 7.1% from 06/30/2017 to 09/30/2017. Baird Financial Group, Inc. currently owns 27,936 shares valued at $1,322,000. The total value of its holdings decreased 4.2%. As of the end of the quarter Commonwealth Of Pennsylvania Public School Empls Retrmt SYS had acquired 3,571 shares growing its stake by 9.5%. The value of the investment in Xcel Energy Inc increased from $1,731,000 to $1,954,000 a change of 12.9% quarter to quarter.
As of quarter end Omers Administration Corp had bought a total of 42,792 shares growing its holdings by 126.2%. The value in dollars went from $1,556,000 to $3,629,000 increasing 133.2% quarter over quarter.
On October 24 analysts at Bank of America Corporation updated its forecast on XEL with an initial rating of “Buy”. October 24 investment analysts at SunTrust Banks held the stock rating at “Hold” with a current price target of $47.00.
Equity analyst J P Morgan Chase & Co raised the price target of the stock on October 12 changing the price objective from $51.00 to $53.00 and issued a “Overweight” rating. On October 10 Royal Bank Of Canada left the company rating at “Hold” targeting a price of $48.00.
October 6 investment analysts at Jefferies Group LLC held the company rating at “Hold” projecting a price of $50.00. September 29 investment analysts at Mizuho kept the stock rating at “Hold” targeting a price of $46.00.
The company is trading down from yesterday’s close of 51.8. Xcel Energy Inc currently has a P/E ratio of 22.07 and the market cap of the company is 26.10B. In the last earnings report the EPS was $2.33 with 507.76M shares outstanding.
Traders are more bullish on Xcel Energy Inc lately as evidenced by the decrease in short interest. The stock recorded a fall in short interest between September 29, 2017 and October 13, 2017 of -5.14%. Short interest decreased from 12,538,128 to 11,894,179 over that period. The short-interest ratio increased to 5.0 and the percentage of shorted shares is 0.02% as of October 13.