OLD Second National Bank of Aurora Sells 1,900 Shares of Xcel Energy Inc. (NASDAQ:XEL)

OLD Second National Bank of Aurora trimmed its position in Xcel Energy Inc. (NASDAQ:XEL) by 34.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,598 shares of the company’s stock after selling 1,900 shares during the quarter. OLD Second National Bank of Aurora’s holdings in Xcel Energy were worth $235,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ashton Thomas Securities LLC bought a new position in shares of Xcel Energy in the third quarter worth about $25,000. TruNorth Capital Management LLC bought a new stake in shares of Xcel Energy during the second quarter valued at approximately $30,000. American National Bank purchased a new position in Xcel Energy during the second quarter valued at $32,000. Transcendent Capital Group LLC bought a new position in shares of Xcel Energy during the 3rd quarter valued at about $33,000. Finally, Kimelman & Baird LLC purchased a new position in Xcel Energy during the 2nd quarter valued at approximately $35,000. Institutional investors own 78.38% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. KeyCorp upped their target price on Xcel Energy from $69.00 to $74.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. Argus upgraded Xcel Energy from a “hold” rating to a “buy” rating and set a $68.00 target price on the stock in a research note on Monday, August 26th. Wells Fargo & Company lifted their price objective on shares of Xcel Energy from $63.00 to $66.00 and gave the company an “equal weight” rating in a report on Wednesday, October 16th. UBS Group upped their target price on Xcel Energy from $66.00 to $67.00 and gave the stock a “neutral” rating in a report on Friday, September 20th. Finally, Jefferies Financial Group upgraded Xcel Energy from a “hold” rating to a “buy” rating and lifted their price objective for the company from $71.00 to $76.00 in a report on Friday, November 1st. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $66.38.

Xcel Energy Price Performance

NASDAQ:XEL opened at $68.61 on Wednesday. The firm’s fifty day moving average is $64.41 and its two-hundred day moving average is $58.94. The firm has a market cap of $39.40 billion, a price-to-earnings ratio of 20.36, a PEG ratio of 2.80 and a beta of 0.38. Xcel Energy Inc. has a one year low of $46.79 and a one year high of $69.35. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.82 and a current ratio of 0.93.

Xcel Energy (NASDAQ:XEL) last announced its quarterly earnings results on Thursday, October 31st. The company reported $1.25 earnings per share for the quarter, missing the consensus estimate of $1.26 by ($0.01). The company had revenue of $3.64 billion for the quarter, compared to analysts’ expectations of $3.93 billion. Xcel Energy had a net margin of 13.67% and a return on equity of 10.76%. The firm’s revenue was down .5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.23 earnings per share. Research analysts expect that Xcel Energy Inc. will post 3.55 EPS for the current year.

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.