Xcel Energy Inc. (NASDAQ:XEL) Stock Position Increased by Assetmark Inc.

Assetmark Inc. grew its stake in shares of Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 9.1% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 139,430 shares of the company's stock after purchasing an additional 11,604 shares during the period. Assetmark Inc.'s holdings in Xcel Energy were worth $9,105,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in XEL. Envestnet Portfolio Solutions Inc. raised its stake in shares of Xcel Energy by 0.6% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 50,316 shares of the company's stock worth $2,704,000 after buying an additional 320 shares during the last quarter. Empowered Funds LLC raised its stake in shares of Xcel Energy by 40.1% during the 1st quarter. Empowered Funds LLC now owns 25,811 shares of the company's stock worth $1,387,000 after buying an additional 7,394 shares during the last quarter. Oppenheimer Asset Management Inc. acquired a new position in shares of Xcel Energy during the 1st quarter worth $965,000. Sei Investments Co. raised its stake in Xcel Energy by 3.1% in the 1st quarter. Sei Investments Co. now owns 764,063 shares of the company's stock valued at $41,068,000 after purchasing an additional 23,267 shares during the last quarter. Finally, Meeder Asset Management Inc. acquired a new position in Xcel Energy in the 1st quarter valued at about $1,801,000. 78.38% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on XEL shares. KeyCorp boosted their target price on shares of Xcel Energy from $69.00 to $74.00 and gave the company an "overweight" rating in a research note on Friday, November 1st. Barclays lifted their price target on Xcel Energy from $57.00 to $67.00 and gave the company an "overweight" rating in a report on Monday, October 21st. Argus upgraded Xcel Energy from a "hold" rating to a "buy" rating and set a $68.00 target price for the company in a report on Monday, August 26th. Morgan Stanley boosted their target price on Xcel Energy from $68.00 to $73.00 and gave the stock an "equal weight" rating in a report on Wednesday, September 25th. Finally, Wells Fargo & Company boosted their target price on Xcel Energy from $63.00 to $66.00 and gave the stock an "equal weight" rating in a report on Wednesday, October 16th. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $66.38.

Xcel Energy Stock Up 1.9 %

Shares of XEL traded up $1.28 during trading on Monday, reaching $68.65. The company's stock had a trading volume of 3,110,490 shares, compared to its average volume of 4,207,486. The company has a quick ratio of 0.82, a current ratio of 0.93 and a debt-to-equity ratio of 1.42. The company has a market cap of $39.42 billion, a price-to-earnings ratio of 19.99, a P/E/G ratio of 2.75 and a beta of 0.38. Xcel Energy Inc. has a twelve month low of $46.79 and a twelve month high of $68.82. The company has a fifty day moving average of $64.14 and a two-hundred day moving average of $58.74.

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. On average, sell-side analysts predict that Xcel Energy Inc. will post 3.55 EPS for the current fiscal year.

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.