CWA Asset Management Group LLC Makes New $635,000 Investment in Xcel Energy Inc. (NASDAQ:XEL)

CWA Asset Management Group LLC acquired a new stake in shares of Xcel Energy Inc. (NASDAQ:XEL - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 9,722 shares of the company's stock, valued at approximately $635,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in XEL. TruNorth Capital Management LLC purchased a new position in Xcel Energy during the 2nd quarter valued at about $30,000. American National Bank acquired a new stake in shares of Xcel Energy during the second quarter worth approximately $32,000. Kimelman & Baird LLC acquired a new position in shares of Xcel Energy during the second quarter valued at $35,000. Rothschild Investment LLC bought a new position in Xcel Energy during the second quarter valued at about $37,000. Finally, Voisard Asset Management Group Inc. purchased a new stake in shares of Xcel Energy in the second quarter valued at $43,000. 78.38% of the stock is owned by hedge funds and other institutional investors.

Xcel Energy Trading Down 0.1 %

Shares of Xcel Energy stock traded down $0.04 during midday trading on Tuesday, reaching $68.61. The company had a trading volume of 5,246,234 shares, compared to its average volume of 4,223,396. The firm has a market cap of $39.40 billion, a PE ratio of 20.37, a P/E/G ratio of 2.75 and a beta of 0.38. Xcel Energy Inc. has a fifty-two week low of $46.79 and a fifty-two week high of $69.35. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.93 and a quick ratio of 0.82. The stock has a fifty day moving average price of $64.29 and a 200 day moving average price of $58.83.

Xcel Energy (NASDAQ:XEL - Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The company reported $1.25 earnings per share for the quarter, missing the consensus estimate of $1.26 by ($0.01). The company had revenue of $3.64 billion during the quarter, compared to analysts' expectations of $3.93 billion. Xcel Energy had a net margin of 13.67% and a return on equity of 10.76%. Xcel Energy's revenue for the quarter was down .5% compared to the same quarter last year. During the same quarter last year, the firm posted $1.23 earnings per share. On average, equities analysts anticipate that Xcel Energy Inc. will post 3.55 earnings per share for the current year.

Analyst Ratings Changes

Several analysts recently commented on XEL shares. Barclays boosted 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. Wells Fargo & Company boosted their price objective on shares of Xcel Energy from $63.00 to $66.00 and gave the company an "equal weight" rating in a report on Wednesday, October 16th. Jefferies Financial Group raised Xcel Energy from a "hold" rating to a "buy" rating and lifted their price target for the company from $71.00 to $76.00 in a research note on Friday, November 1st. UBS Group lifted their price target 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. Finally, Argus raised shares of Xcel Energy from a "hold" rating to a "buy" rating and set a $68.00 target price for the company in a research report on Monday, August 26th. Seven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $66.38.

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.