Ashton Thomas Private Wealth LLC grew its position in Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 301.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,028 shares of the company's stock after purchasing an additional 9,782 shares during the quarter. Ashton Thomas Private Wealth LLC's holdings in Xcel Energy were worth $851,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also modified their holdings of XEL. Avantax Advisory Services Inc. boosted its stake in Xcel Energy by 1.3% during the 1st quarter. Avantax Advisory Services Inc. now owns 16,054 shares of the company's stock valued at $863,000 after purchasing an additional 212 shares during the period. State Board of Administration of Florida Retirement System grew its stake in shares of Xcel Energy by 4.2% in the first quarter. State Board of Administration of Florida Retirement System now owns 622,975 shares of the company's stock worth $33,485,000 after acquiring an additional 25,119 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in Xcel Energy by 15.9% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 691,665 shares of the company's stock valued at $37,177,000 after purchasing an additional 94,997 shares during the last quarter. Dorsey & Whitney Trust CO LLC boosted its holdings in Xcel Energy by 10.9% in the 1st quarter. Dorsey & Whitney Trust CO LLC now owns 17,594 shares of the company's stock valued at $946,000 after purchasing an additional 1,727 shares during the period. Finally, Jupiter Asset Management Ltd. acquired a new stake in Xcel Energy in the 1st quarter worth $80,283,000. 78.38% of the stock is currently owned by institutional investors and hedge funds.
Xcel Energy Price Performance
Xcel Energy stock traded up $0.81 during trading hours on Thursday, hitting $69.46. 1,735,726 shares of the stock were exchanged, compared to its average volume of 4,211,289. Xcel Energy Inc. has a 12 month low of $46.79 and a 12 month high of $69.53. The business's 50-day moving average is $64.52 and its two-hundred day moving average is $59.00. 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 stock has a market capitalization of $39.89 billion, a P/E ratio of 20.40, a P/E/G ratio of 2.80 and a beta of 0.38.
Xcel Energy (NASDAQ:XEL - Get Free Report) last released its quarterly earnings results 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). The business had revenue of $3.64 billion for the quarter, compared to analyst estimates of $3.93 billion. Xcel Energy had a net margin of 13.67% and a return on equity of 10.76%. The company's revenue for the quarter was down .5% on a year-over-year basis. During the same period in the prior year, the business earned $1.23 earnings per share. Equities research analysts expect that Xcel Energy Inc. will post 3.55 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
XEL has been the subject of several research reports. Argus upgraded 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 note on Monday, August 26th. Morgan Stanley raised their price objective on Xcel Energy from $68.00 to $73.00 and gave the stock an "equal weight" rating in a research report on Wednesday, September 25th. Barclays boosted their price objective on Xcel Energy from $57.00 to $67.00 and gave the company an "overweight" rating in a research report on Monday, October 21st. KeyCorp raised their target price on Xcel Energy from $69.00 to $74.00 and gave the stock an "overweight" rating in a research report on Friday, November 1st. Finally, Jefferies Financial Group raised shares of Xcel Energy from a "hold" rating to a "buy" rating and boosted their price target for the company from $71.00 to $76.00 in a report on Friday, November 1st. Seven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, Xcel Energy currently has a consensus rating of "Moderate Buy" and a consensus price target of $66.38.
Check Out Our Latest Report on Xcel Energy
About Xcel Energy
(
Free Report)
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.
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