First National Bank of Omaha Has $7.87 Million Stake in Xcel Energy Inc. (NASDAQ:XEL)

First National Bank of Omaha cut its holdings in shares of Xcel Energy Inc. (NASDAQ:XEL) by 2.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 120,512 shares of the company’s stock after selling 2,457 shares during the quarter. First National Bank of Omaha’s holdings in Xcel Energy were worth $7,869,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. State Street Corp raised its holdings in Xcel Energy by 6.7% in the 3rd quarter. State Street Corp now owns 37,143,025 shares of the company’s stock valued at $2,445,477,000 after acquiring an additional 2,323,448 shares during the period. Brookfield Corp ON grew its position in shares of Xcel Energy by 520.1% in the third quarter. Brookfield Corp ON now owns 2,509,031 shares of the company’s stock valued at $163,840,000 after purchasing an additional 2,104,405 shares during the last quarter. Federated Hermes Inc. increased its stake in shares of Xcel Energy by 120.2% during the second quarter. Federated Hermes Inc. now owns 2,379,615 shares of the company’s stock worth $127,095,000 after purchasing an additional 1,299,025 shares during the period. American Century Companies Inc. increased its stake in shares of Xcel Energy by 130.4% during the second quarter. American Century Companies Inc. now owns 2,084,345 shares of the company’s stock worth $111,325,000 after purchasing an additional 1,179,823 shares during the period. Finally, Merewether Investment Management LP acquired a new stake in Xcel Energy during the 3rd quarter worth approximately $64,301,000. 78.38% of the stock is owned by institutional investors and hedge funds.

Xcel Energy Stock Down 1.6 %

XEL stock opened at $69.74 on Friday. The firm has a 50-day moving average price of $66.88 and a 200-day moving average price of $60.89. Xcel Energy Inc. has a 12 month low of $46.79 and a 12 month high of $73.38. The company has a current ratio of 0.93, a quick ratio of 0.82 and a debt-to-equity ratio of 1.42. The stock has a market capitalization of $40.05 billion, a P/E ratio of 20.69, a price-to-earnings-growth ratio of 2.89 and a beta of 0.41.

Xcel Energy (NASDAQ:XEL) last issued its quarterly earnings data on Thursday, October 31st. The company reported $1.25 earnings per share for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.01). Xcel Energy had a return on equity of 10.76% and a net margin of 13.67%. The firm had revenue of $3.64 billion for the quarter, compared to the consensus estimate of $3.93 billion. During the same quarter in the prior year, the firm earned $1.23 EPS. The company’s revenue was down .5% on a year-over-year basis. As a group, equities research analysts anticipate that Xcel Energy Inc. will post 3.54 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on XEL. KeyCorp upped their price objective on Xcel Energy from $74.00 to $79.00 and gave the company an “overweight” rating in a report on Wednesday. UBS Group upped their price target on shares of Xcel Energy from $66.00 to $67.00 and gave the company a “neutral” rating in a research note on Friday, September 20th. Morgan Stanley cut their price objective on shares of Xcel Energy from $74.00 to $72.00 and set an “equal weight” rating for the company in a report on Friday, November 22nd. Argus upgraded shares of Xcel Energy from a “hold” rating to a “buy” rating and set a $68.00 target price on the stock in a research report on Monday, August 26th. Finally, Wells Fargo & Company lifted their price target on shares of Xcel Energy from $63.00 to $66.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 16th. Seven analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $67.00.

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.