NorthRock Partners LLC Reduces Holdings in Xcel Energy Inc. (NASDAQ:XEL)

NorthRock Partners LLC decreased its position in shares of Xcel Energy Inc. (NASDAQ:XEL) by 3.5% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 14,124 shares of the company’s stock after selling 516 shares during the quarter. NorthRock Partners LLC’s holdings in Xcel Energy were worth $922,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in XEL. Integris Wealth Management LLC raised its stake in Xcel Energy by 2.7% during the 3rd quarter. Integris Wealth Management LLC now owns 6,163 shares of the company’s stock valued at $402,000 after acquiring an additional 163 shares during the last quarter. Gateway Wealth Partners LLC lifted its holdings in shares of Xcel Energy by 4.3% during the second quarter. Gateway Wealth Partners LLC now owns 4,413 shares of the company’s stock worth $236,000 after purchasing an additional 182 shares during the period. Sumitomo Life Insurance Co. grew its position in Xcel Energy by 2.9% in the 3rd quarter. Sumitomo Life Insurance Co. now owns 6,591 shares of the company’s stock valued at $430,000 after buying an additional 183 shares during the last quarter. Dakota Wealth Management increased its stake in Xcel Energy by 0.9% in the 3rd quarter. Dakota Wealth Management now owns 22,979 shares of the company’s stock valued at $1,500,000 after buying an additional 205 shares during the period. Finally, Avantax Advisory Services Inc. raised its position in Xcel Energy by 1.3% during the 1st quarter. Avantax Advisory Services Inc. now owns 16,054 shares of the company’s stock worth $863,000 after buying an additional 212 shares during the last quarter. Hedge funds and other institutional investors own 78.38% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Jefferies Financial Group raised shares of Xcel Energy from a “hold” rating to a “buy” rating and increased their price target for the stock from $71.00 to $76.00 in a report on Friday. Barclays lifted their price target on Xcel Energy from $57.00 to $67.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. UBS Group raised their price objective on shares of Xcel Energy from $66.00 to $67.00 and gave the company a “neutral” rating in a research note on Friday, September 20th. Morgan Stanley upped their target price on shares of Xcel Energy from $68.00 to $73.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 25th. Finally, KeyCorp increased their target price on shares of Xcel Energy from $69.00 to $74.00 and gave the company an “overweight” rating in a report on Friday. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $66.38.

Xcel Energy Price Performance

Xcel Energy stock traded up $0.35 during mid-day trading on Tuesday, hitting $66.17. 469,405 shares of the company were exchanged, compared to its average volume of 4,190,536. 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 12-month low of $46.79 and a 12-month high of $68.36. The business’s 50 day simple moving average is $63.69 and its two-hundred day simple moving average is $58.41. The company has a market capitalization of $36.89 billion, a P/E ratio of 19.53, a PEG ratio of 2.94 and a beta of 0.38.

Xcel Energy (NASDAQ:XEL) last posted its quarterly earnings data on Thursday, October 31st. The company reported $1.25 EPS for the quarter, missing analysts’ consensus estimates 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 return on equity of 10.76% and a net margin of 13.67%. The company’s revenue for the quarter was down .5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.23 EPS. Analysts forecast that Xcel Energy Inc. will post 3.55 earnings per share for the current fiscal 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.