Centric Wealth Management Invests $209,000 in Xcel Energy Inc. (NASDAQ:XEL)

Centric Wealth Management acquired a new stake in shares of Xcel Energy Inc. (NASDAQ:XEL) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,150 shares of the company’s stock, valued at approximately $209,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Massachusetts Financial Services Co. MA lifted its holdings in Xcel Energy by 6.2% during the third quarter. Massachusetts Financial Services Co. MA now owns 15,190,756 shares of the company’s stock valued at $991,956,000 after purchasing an additional 892,740 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Xcel Energy by 2.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,417,615 shares of the company’s stock valued at $223,170,000 after purchasing an additional 67,820 shares during the period. Federated Hermes Inc. boosted its holdings in Xcel Energy by 120.2% in the 2nd quarter. Federated Hermes Inc. now owns 2,379,615 shares of the company’s stock worth $127,095,000 after buying an additional 1,299,025 shares during the period. American Century Companies Inc. lifted its position in shares of Xcel Energy by 130.4% during the second quarter. American Century Companies Inc. now owns 2,084,345 shares of the company’s stock worth $111,325,000 after acquiring an additional 1,179,823 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Xcel Energy by 10.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,854,333 shares of the company’s stock worth $99,046,000 after acquiring an additional 174,653 shares during the period. Institutional investors own 78.38% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Wells Fargo & Company increased their price objective on Xcel Energy from $63.00 to $66.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 16th. KeyCorp raised their price objective on shares of Xcel Energy from $69.00 to $74.00 and gave the company an “overweight” rating in a research report on Friday, November 1st. Morgan Stanley reduced their target price on Xcel Energy from $74.00 to $72.00 and set an “equal weight” rating for the company in a research report on Friday, November 22nd. Barclays boosted their price target on shares of Xcel Energy from $67.00 to $71.00 and gave the stock an “overweight” rating in a research note on Tuesday. Finally, Argus upgraded Xcel Energy from a “hold” rating to a “buy” rating and set a $68.00 price objective on the stock in a research report on Monday, August 26th. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, Xcel Energy currently has a consensus rating of “Moderate Buy” and an average target price of $66.62.

Xcel Energy Trading Up 1.5 %

Shares of NASDAQ:XEL opened at $72.92 on Friday. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.93 and a quick ratio of 0.82. Xcel Energy Inc. has a 1 year low of $46.79 and a 1 year high of $73.38. The company has a market cap of $41.87 billion, a P/E ratio of 21.64, a PEG ratio of 2.98 and a beta of 0.38. The stock’s fifty day moving average price is $66.06 and its 200-day moving average price is $60.22.

Xcel Energy (NASDAQ:XEL) last announced its quarterly earnings results on Thursday, October 31st. The company reported $1.25 EPS for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.01). Xcel Energy had a return on equity of 10.76% and a net margin of 13.67%. The company had revenue of $3.64 billion during the quarter, compared to the consensus estimate of $3.93 billion. During the same quarter in the prior year, the firm earned $1.23 earnings per share. The business’s revenue was down .5% compared to the same quarter last year. Sell-side analysts expect that Xcel Energy Inc. will post 3.54 earnings per share for the current year.

About Xcel Energy

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.