MML Investors Services LLC Sells 1,090 Shares of Xcel Energy Inc. (NASDAQ:XEL)

MML Investors Services LLC reduced its stake in Xcel Energy Inc. (NASDAQ:XEL) by 1.5% during the third quarter, Holdings Channel.com reports. The firm owned 72,365 shares of the company’s stock after selling 1,090 shares during the quarter. MML Investors Services LLC’s holdings in Xcel Energy were worth $4,725,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Integris Wealth Management LLC raised its stake in shares of Xcel Energy by 2.7% in the third quarter. Integris Wealth Management LLC now owns 6,163 shares of the company’s stock worth $402,000 after buying an additional 163 shares during the period. Bond & Devick Financial Network Inc. grew its stake in shares of Xcel Energy by 1.1% during the 3rd quarter. Bond & Devick Financial Network Inc. now owns 15,972 shares of the company’s stock valued at $1,043,000 after acquiring an additional 168 shares during the period. Gateway Wealth Partners LLC raised its stake in Xcel Energy by 4.3% during the 2nd quarter. Gateway Wealth Partners LLC now owns 4,413 shares of the company’s stock worth $236,000 after acquiring an additional 182 shares during the period. Sumitomo Life Insurance Co. raised its stake in Xcel Energy by 2.9% during the 3rd quarter. Sumitomo Life Insurance Co. now owns 6,591 shares of the company’s stock worth $430,000 after acquiring an additional 183 shares during the period. Finally, Dakota Wealth Management lifted its holdings in Xcel Energy by 0.9% during the third quarter. Dakota Wealth Management now owns 22,979 shares of the company’s stock valued at $1,500,000 after purchasing an additional 205 shares in the last quarter. 78.38% of the stock is currently owned by hedge funds and other institutional investors.

Xcel Energy Stock Down 0.5 %

NASDAQ XEL opened at $68.12 on Friday. The stock has a 50 day moving average price of $67.27 and a 200-day moving average price of $61.34. Xcel Energy Inc. has a one year low of $46.79 and a one year high of $73.38. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.82 and a current ratio of 0.93. The company has a market capitalization of $39.12 billion, a P/E ratio of 20.21, a P/E/G ratio of 2.80 and a beta of 0.41.

Xcel Energy (NASDAQ:XEL) last released its quarterly earnings data on Thursday, October 31st. The company reported $1.25 EPS for the quarter, missing the consensus estimate of $1.26 by ($0.01). Xcel Energy had a net margin of 13.67% and a return on equity of 10.76%. The business had revenue of $3.64 billion for the quarter, compared to the consensus estimate of $3.93 billion. During the same quarter last year, the business earned $1.23 EPS. Xcel Energy’s revenue for the quarter was down .5% compared to the same quarter last year. As a group, equities analysts predict that Xcel Energy Inc. will post 3.54 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Argus upgraded shares of 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. Jefferies Financial Group raised Xcel Energy from a “hold” rating to a “buy” rating and raised their price target for the company from $71.00 to $76.00 in a report on Friday, November 1st. Morgan Stanley dropped their price objective on Xcel Energy from $74.00 to $72.00 and set an “equal weight” rating for the company in a research note on Friday, November 22nd. UBS Group increased their target price on Xcel Energy from $66.00 to $67.00 and gave the stock a “neutral” rating in a research report on Friday, September 20th. Finally, JPMorgan Chase & Co. raised Xcel Energy from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $69.00 to $80.00 in a report on Thursday. Six research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $68.62.

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.