Captrust Financial Advisors Raises Stock Position in Xcel Energy Inc. (NASDAQ:XEL)

Captrust Financial Advisors lifted its holdings in shares of Xcel Energy Inc. (NASDAQ:XEL) by 11.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 99,372 shares of the company’s stock after acquiring 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 filing with the Securities and Exchange Commission.

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

Xcel Energy Stock Down 1.9 %

XEL stock opened at $71.20 on Tuesday. The firm has a market cap of $40.89 billion, a price-to-earnings ratio of 21.13, a PEG ratio of 2.97 and a beta of 0.38. Xcel Energy Inc. has a 1-year low of $46.79 and a 1-year high of $73.38. The firm has a fifty day moving average price of $66.23 and a two-hundred day moving average price of $60.41. 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 (NASDAQ:XEL) last announced its quarterly earnings data 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 business had revenue of $3.64 billion for the quarter, compared to the consensus estimate of $3.93 billion. During the same period in the prior year, the company earned $1.23 EPS. Xcel Energy’s quarterly revenue was down .5% on a year-over-year basis. Research analysts predict that Xcel Energy Inc. will post 3.54 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Wells Fargo & Company increased their price objective on shares of Xcel Energy from $63.00 to $66.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 16th. Argus raised shares of Xcel Energy from a “hold” rating to a “buy” rating and set a $68.00 price target for the company in a report on Monday, August 26th. Jefferies Financial Group raised shares of Xcel Energy from a “hold” rating to a “buy” rating and lifted their price target for the stock from $71.00 to $76.00 in a research note on Friday, November 1st. KeyCorp upped 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. Finally, Morgan Stanley lowered their target price 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. Seven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, Xcel Energy has an average rating of “Moderate Buy” and an average price target 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.