Xcel Energy Inc. (NASDAQ:XEL) Stock Position Lifted by Apollon Wealth Management LLC

Apollon Wealth Management LLC raised its stake in Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 196.1% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 28,768 shares of the company's stock after acquiring an additional 19,054 shares during the quarter. Apollon Wealth Management LLC's holdings in Xcel Energy were worth $1,879,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in XEL. Avantax Advisory Services Inc. increased its position in Xcel Energy by 1.3% during the first quarter. Avantax Advisory Services Inc. now owns 16,054 shares of the company's stock worth $863,000 after purchasing an additional 212 shares during the last quarter. State Board of Administration of Florida Retirement System raised its position in shares of Xcel Energy by 4.2% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 622,975 shares of the company's stock worth $33,485,000 after buying an additional 25,119 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in Xcel Energy by 15.9% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 691,665 shares of the company's stock valued at $37,177,000 after acquiring an additional 94,997 shares during the period. Dorsey & Whitney Trust CO LLC grew its position in Xcel Energy by 10.9% during the first quarter. Dorsey & Whitney Trust CO LLC now owns 17,594 shares of the company's stock valued at $946,000 after acquiring an additional 1,727 shares during the period. Finally, Jupiter Asset Management Ltd. acquired a new stake in Xcel Energy during the first quarter worth about $80,283,000. 78.38% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on XEL shares. KeyCorp boosted their target price on Xcel Energy from $69.00 to $74.00 and gave the stock an "overweight" rating in a report on Friday, November 1st. Wells Fargo & Company raised their target price on shares of Xcel Energy from $63.00 to $66.00 and gave the company an "equal weight" rating in a research note on Wednesday, October 16th. Jefferies Financial Group upgraded Xcel Energy from a "hold" rating to a "buy" rating and increased their price target for the company from $71.00 to $76.00 in a report on Friday, November 1st. Barclays boosted their price objective on Xcel Energy from $57.00 to $67.00 and gave the stock an "overweight" rating in a research note on Monday, October 21st. Finally, Morgan Stanley increased their target price on Xcel Energy from $68.00 to $73.00 and gave the company an "equal weight" rating in a research note on Wednesday, September 25th. Seven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $66.38.

Xcel Energy Stock Up 0.4 %

NASDAQ:XEL traded up $0.26 during mid-day trading on Thursday, reaching $68.91. The stock had a trading volume of 3,307,981 shares, compared to its average volume of 4,218,964. The stock's 50 day simple moving average is $64.52 and its two-hundred day simple moving average is $59.00. Xcel Energy Inc. has a 1-year low of $46.79 and a 1-year high of $69.53. The company has a market capitalization of $39.57 billion, a price-to-earnings ratio of 20.40, a price-to-earnings-growth ratio of 2.80 and a beta of 0.38. 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 - Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The company reported $1.25 earnings per share (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 firm had revenue of $3.64 billion for the quarter, compared to analyst estimates of $3.93 billion. During the same period in the prior year, the company posted $1.23 earnings per share. The business's revenue was down .5% on a year-over-year basis. Equities analysts anticipate that Xcel Energy Inc. will post 3.55 EPS for the current 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.