Two Stocks To Tuck Away: Xcel Energy Inc. (XEL), ABB Ltd (ABB)

    The shares of Xcel Energy Inc. (NASDAQ:XEL) has been pegged with a rating of Equal Weight by Barclays in its latest research note that was published on August 13th, 2019. The research company has also assigned a $64 price target. Barclays wasn’t the only research firm that published a report of Xcel Energy Inc., with other equities research analysts also giving their opinion on the stock. KeyBanc Capital Markets advised investors in its research note published on June 5th, 2019, to Overweight the XEL stock while also putting a $62 price target. The stock had earned Equal-Weight rating from Morgan Stanley when it published its report on September 21st, 2018. The stock was given Neutral rating by BofA/Merrill in its report released on June 20th, 2018. Morgan Stanley was of a view that XEL is Overweight in its latest report on February 13th, 2018. BofA/Merrill thinks that XEL is worth Buy rating. This was contained in the firm’s report on October 24th, 2017 in which the stock’s price target was also moved to $53.

    The consensus currently stands at a Hold while its average price target is $59.92. The price of the stock the last time has raised by 43.06% from its Week high price while it is raised higher than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 72.99.

    The shares of the company added by 0.44% during the trading session on Thursday, reaching a low of $65.36 while ending the day at $65.82. During the trading session, a total of 2.52 million shares were traded which represents a 19.6% incline from the average session volume which is 3.13M shares. XEL had ended its last session trading at 65.53. Xcel Energy Inc. currently has a market cap of $34.10B, while its P/E ratio stands at 26.90, while its P/E earnings growth sits at 2.93, with a beta of 0.14. Xcel Energy Inc. debt-to-equity ratio currently stands at 1.47, while its quick ratio hovers at 0.50. XEL 52-week low price stands at $46.01 while its 52-week high price is $65.57.

    Investment analysts at Societe Generale published a research note on August 1st, 2019 where it informed investors and clients that ABB Ltd (NYSE:ABB) is now rated as Hold. KeyBanc Capital Markets also rated ABB as Resumed on June 5th, 2019, with its price target of $27 suggesting that ABB could surge by 8.89% from its current share price. Even though the stock has been trading at $18.71/share, analysts expect it to surge higher by 1.34% to reach $20.81/share. It started the day trading at $18.98 and traded between $18.81 and $18.96 throughout the trading session.

    A look at its technical shows that ABB’s 50-day SMA is 18.84 while its 200-day SMA stands at 19.27. The stock has a high of $24.45 for the year while the low is $17.71. The company’s P/E ratio currently sits at 45.69, while the P/B ratio is 3.13. At the moment, only of ABB Ltd shares were sold short. The company’s average trading volume currently stands at 2.17M shares, which means that the short-interest ratio is just 1.55 days. Over the past seven days, the company moved, with its shift of 2.88%. Looking further, the stock has raised 0.32% over the past 90 days while it lost -2.02% over the last six months.

    The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. Fisher Asset Management LLC bought more ABB shares, increasing its portfolio by +3.35% during the last quarter. This move now sees Fisher Asset Management LLC purchasing 393,695 shares in the last quarter, thus it now holds 12,154,247 shares of ABB, with a total valuation of $228,499,844. Northern Trust Investments Inc meanwhile bought more ABB shares in the recently filed quarter, changing its stake to $114,247,525 worth of shares. Macquarie Investment Management B followed the path by decreasing its ABB portfolio by -0.91% in the quarter. This means that Macquarie Investment Management B sold -37,428 shares in the last quarter and now controls 4,084,888 shares of the ABB stock, with the valuation hitting $76,795,894.

    Similarly, Columbia Management Investment Ad increased its ABB Ltd shares by +4.44% during the recently filed quarter. After buying 133,280 shares in the last quarter, the firm now controls 3,135,697 shares of ABB Ltd which are valued at $58,951,104. In the same vein, Folketrygdfondet increased its ABB Ltd shares by during the most recent reported quarter. The firm bought 84,044 shares during the quarter which increased its stakes to 2,764,777 shares and is now valued at $51,977,808. Following these latest developments, around of ABB Ltd stocks are owned by institutional investors and hedge funds.