Xcel Energy Inc. $XEL Stock Holdings Boosted by ProShare Advisors LLC

Key Points

• ProShare Advisors increased its Xcel Energy stake by 3.3% in the third quarter, adding 22,706 shares to reach 705,317 shares valued at approximately $49.7 million.
• Institutional ownership remains high at 78.38%, with major investors including Bank of America, Bank of New York Mellon and Allianz Asset Management modifying or expanding their positions.
• Xcel’s third-quarter EPS of $1.52 beat analyst expectations, while revenue rose 6.6% year over year to $4.17 billion but came in below estimates; analysts maintain a consensus “Buy” rating with an average price target of $90.28.

ProShare Advisors LLC increased its stake in Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 3.3% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 705,317 shares of the company's stock after acquiring an additional 22,706 shares during the quarter. ProShare Advisors LLC owned approximately 0.11% of Xcel Energy worth $49,711,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Bank of New York Mellon Corp purchased a new stake in Xcel Energy during the second quarter valued at about $280,187,000. Engineers Gate Manager LP purchased a new position in shares of Xcel Energy in the second quarter worth approximately $7,894,000. Jupiter Topco LLC purchased a new position in shares of Xcel Energy in the second quarter worth approximately $94,211,000. Allianz Asset Management GmbH raised its holdings in shares of Xcel Energy by 10,366.0% during the second quarter. Allianz Asset Management GmbH now owns 316,702 shares of the company's stock valued at $25,431,000 after acquiring an additional 313,676 shares during the period. Finally, Bank of America Corp DE raised its holdings in shares of Xcel Energy by 1.7% during the second quarter. Bank of America Corp DE now owns 29,933,748 shares of the company's stock valued at $2,403,680,000 after acquiring an additional 491,937 shares during the period. 78.38% of the stock is owned by institutional investors and hedge funds.

Xcel Energy News Summary

Here are the key news stories impacting Xcel Energy this week:

• Positive Sentiment: Third-quarter EPS beat expectations. Xcel reported ongoing earnings of $1.52 per share, up from $1.24 a year earlier and above the $1.39 analyst consensus. Higher electric sales, favorable weather and increased recovery of electric costs supported results. Xcel Energy Q3 revenue jumps 6.6% to $4.17B as EPS beats forecasts
• Positive Sentiment: Long-term growth investment increased. Xcel outlined a roughly $70 billion, five-year capital investment plan, aimed at expanding and upgrading its electric system to meet rising demand. The company also initiated 2027 EPS guidance of $4.48 to $4.62, providing investors with a new earnings framework. Xcel outlines $70B 5-year investment plan while initiating 2027 EPS guidance
• Positive Sentiment: Analyst sentiment remained supportive. Barclays raised its price target to $94 from $85, while RBC Capital Markets maintained a Buy rating, signaling confidence in Xcel’s regulated utility growth prospects. Barclays Adjusts Price Target on Xcel Energy to $94 From $85
• Neutral Sentiment: Revenue grew but missed estimates. Third-quarter revenue rose 6.6% year over year to $4.17 billion, though it fell short of the $4.26 billion consensus, limiting the impact of the earnings beat. Xcel Energy Q3 Earnings Beat Estimates, Revenues Increase Year over Year
• Negative Sentiment: 2026 earnings guidance was lowered or narrowed. Management reduced its full-year ongoing EPS outlook despite the quarterly beat, reflecting uncertainty around the timing of cost recovery and operating conditions. The large investment program may also increase financing and execution requirements. Xcel Energy Q3 Earnings Beat Estimates, Revenues Increase Year over Year

Xcel Energy Price Performance

NASDAQ XEL opened at $79.82 on Monday. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.69 and a quick ratio of 0.61. The firm has a market capitalization of $51.23 billion, a price-to-earnings ratio of 18.61, a price-to-earnings-growth ratio of 2.65 and a beta of 0.34. The company has a 50 day simple moving average of $74.68 and a 200-day simple moving average of $78.19. Xcel Energy Inc. has a 52-week low of $68.72 and a 52-week high of $84.23.

Xcel Energy (NASDAQ:XEL - Get Free Report) last issued its earnings results on Wednesday, October 28th. The company reported $1.52 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.39 by $0.13. Xcel Energy had a net margin of 17.94% and a return on equity of 11.10%. The company had revenue of $4.17 billion during the quarter, compared to analyst estimates of $4.26 billion. During the same quarter last year, the business posted $1.24 EPS. The company's revenue for the quarter was up 6.6% on a year-over-year basis. Equities research analysts predict that Xcel Energy Inc. will post 4.13 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently commented on XEL. KeyCorp decreased their price objective on shares of Xcel Energy from $90.00 to $87.00 and set an "overweight" rating for the company in a research note on Tuesday, October 13th. Wall Street Zen downgraded shares of Xcel Energy from a "hold" rating to a "sell" rating in a research note on Saturday. Truist Financial reduced their target price on Xcel Energy from $88.00 to $87.00 and set a "buy" rating for the company in a report on Wednesday, October 14th. BTIG Research set a $92.00 target price on Xcel Energy in a research report on Friday. Finally, Royal Bank Of Canada set a $86.00 price target on Xcel Energy in a report on Tuesday, October 20th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $90.28.

Xcel Energy Profile

Xcel Energy Inc is a public utility holding company that provides electricity and natural gas services to residential, commercial, and industrial customers. Its operations include the generation, transmission, distribution, and sale of electricity, as well as the distribution and sale of natural gas.

The company serves customers across Colorado, Michigan, Minnesota, New Mexico, North Dakota, South Dakota, Texas, and Wisconsin through operating companies including Northern States Power, Public Service Company of Colorado, Southwestern Public Service Company, and NSP-Wisconsin.

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.