Xcel EnergyXEL
Market Cap: 31.9B
About: Xcel Energy manages utilities serving 3.8 million electric customers and 2.1 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 owners and 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 Q1 SEC filings by fund managers ($100M+ AUM)
8% more call options, than puts
Call options by funds: $130M | Put options by funds: $120M
0.62% less ownership
Funds ownership: 78.73% [Q4 2023] → 78.11% (-0.62%) [Q1 2024]
5% less funds holding
Funds holding: 998 [Q4 2023] → 948 (-50) [Q1 2024]
10% less repeat investments, than reductions
Existing positions increased: 326 | Existing positions reduced: 364
13% less capital invested
Capital invested by funds: $26.9B [Q4 2023] → $23.4B (-$3.57B) [Q1 2024]
17% less funds holding in top 10
Funds holding in top 10: 6 [Q4 2023] → 5 (-1) [Q1 2024]
32% less first-time investments, than exits
New positions opened: 104 | Existing positions closed: 154
Research analyst outlook
11 Wall Street Analysts provided 1 year price forecasts over the past 6 months
11 analyst ratings
Morgan Stanley Stephen Byrd | 8%upside $62 | Equal-Weight Maintained | 24 Jun 2024 |
Morgan Stanley Stephen Byrd | 13%upside $65 | Equal-Weight Maintained | 28 May 2024 |
Barclays Nicholas Campanella | 1%downside $57 | Overweight Maintained | 30 Apr 2024 |
B of A Securities Julien Dumoulin-Smith | 15%upside $66 | Buy Maintained | 29 Apr 2024 |
Evercore ISI Group Durgesh Chopra | 3%upside $59 | Outperform Maintained | 26 Apr 2024 |
Financial journalist opinion
Based on 7 articles about XEL published over the past 30 days