Xcel Energy Inc. (NASDAQ:XEL) Shares Acquired by Captrust Financial Advisors

Captrust Financial Advisors increased its stake in shares of Xcel Energy Inc. (NASDAQ:XEL) by 11.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 99,372 shares of the company’s stock after purchasing an additional 9,821 shares during the quarter. Captrust Financial Advisors’ holdings in Xcel Energy were worth $6,489,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Centric Wealth Management acquired a new stake in Xcel Energy in the third quarter valued at about $209,000. Public Sector Pension Investment Board lifted its holdings in shares of Xcel Energy by 3.4% in the 3rd quarter. Public Sector Pension Investment Board now owns 97,398 shares of the company’s stock valued at $6,360,000 after buying an additional 3,200 shares during the period. Healthcare of Ontario Pension Plan Trust Fund grew its holdings in Xcel Energy by 107.8% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 105,979 shares of the company’s stock worth $6,920,000 after acquiring an additional 54,967 shares during the period. Freedom Investment Management Inc. lifted its holdings in Xcel Energy by 20.1% in the third quarter. Freedom Investment Management Inc. now owns 6,707 shares of the company’s stock valued at $438,000 after acquiring an additional 1,123 shares during the period. Finally, Townsquare Capital LLC boosted its position in shares of Xcel Energy by 2.4% during the 3rd quarter. Townsquare Capital LLC now owns 28,180 shares of the company’s stock worth $1,840,000 after purchasing an additional 664 shares in the last quarter. 78.38% of the stock is currently owned by hedge funds and other institutional investors.

Xcel Energy Price Performance

XEL opened at $71.20 on Tuesday. Xcel Energy Inc. has a 1 year low of $46.79 and a 1 year high of $73.38. The company’s 50 day simple moving average is $66.23 and its 200 day simple moving average is $60.41. The stock has a market capitalization of $40.89 billion, a PE ratio of 21.13, a P/E/G ratio of 2.97 and a beta of 0.38. 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 analysts’ consensus estimates of $1.26 by ($0.01). Xcel Energy had a net margin of 13.67% and a return on equity of 10.76%. The company had revenue of $3.64 billion during the quarter, compared to analyst estimates of $3.93 billion. During the same quarter last year, the business earned $1.23 EPS. The firm’s revenue for the quarter was down .5% compared to the same quarter last year. As a group, sell-side analysts expect that Xcel Energy Inc. will post 3.54 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently commented on XEL shares. Barclays boosted their price objective on shares of Xcel Energy from $67.00 to $71.00 and gave the stock an “overweight” rating in a report on Tuesday, November 26th. UBS Group upped their price target on Xcel Energy from $66.00 to $67.00 and gave the stock a “neutral” rating in a report on Friday, September 20th. Argus raised Xcel Energy from a “hold” rating to a “buy” rating and set a $68.00 price objective for the company in a report on Monday, August 26th. Morgan Stanley dropped their price target 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. Finally, KeyCorp increased their price objective on shares of Xcel Energy from $69.00 to $74.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. Seven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $66.62.

Xcel Energy Company 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.