Xcel EnergyXEL Market cap $35.9B
About: Xcel Energy manages utilities serving 3.8 million electric customers and 2.2 million natural gas customers in eight states. Its utilities are Northern States Power, which serves customers in Minnesota, North Dakota, South Dakota, Wisconsin, and Michigan; Public Service Company of Colorado; and Southwestern Public Service Company, which serves customers in Texas and New Mexico. It is one of the largest renewable energy suppliers in the US with more than half of its electricity sales coming from carbon-free energy.
Employees: 11,311
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
59% more call options, than puts
Call options by funds: $102M | Put options by funds: $64.1M
18% more repeat investments, than reductions
Existing positions increased: 387 | Existing positions reduced: 328
2% less capital invested
Capital invested by funds: $23.8B [Q1] → $23.3B (-$555M) [Q2]
1% less funds holding
Funds holding: 966 [Q1] → 956 (-10) [Q2]
1.37% less ownership
Funds ownership: 79.74% [Q1] → 78.37% (-1.37%) [Q2]
11% less first-time investments, than exits
New positions opened: 83 | Existing positions closed: 93
40% less funds holding in top 10
Funds holding in top 10: 5 [Q1] → 3 (-2) [Q2]
Research analyst outlook
8 Wall Street Analysts provided 1 year price targets over the past 3 months
8 analyst ratings
Keybanc Sophie Karp 76% 1-year accuracy 32 / 42 met price target | 7%upside $69 | Overweight Maintained | 30 Sept 2024 |
Morgan Stanley Stephen Byrd 76% 1-year accuracy 37 / 49 met price target | 13%upside $73 | Equal-Weight Maintained | 25 Sept 2024 |
UBS Ross Fowler 77% 1-year accuracy 10 / 13 met price target | 4%upside $67 | Neutral Maintained | 20 Sept 2024 |
Jefferies Paul Zimbardo 100% 1-year accuracy 4 / 4 met price target | 9%upside $70 | Hold Initiated | 19 Sept 2024 |
Keybanc Sophie Karp 76% 1-year accuracy 32 / 42 met price target | 2%upside $66 | Overweight Maintained | 16 Sept 2024 |
Financial journalist opinion
Based on 11 articles about XEL published over the past 30 days