Xcel Energy Inc. (NASDAQ:XEL) Shares Purchased by Benjamin Edwards Inc.

Benjamin Edwards Inc. grew its position in shares of Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 48,200.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,422 shares of the company's stock after purchasing an additional 16,388 shares during the quarter. Benjamin Edwards Inc.'s holdings in Xcel Energy were worth $1,072,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Czech National Bank boosted its holdings in Xcel Energy by 9.1% in the second quarter. Czech National Bank now owns 105,882 shares of the company's stock valued at $5,655,000 after acquiring an additional 8,790 shares during the last quarter. Envestnet Portfolio Solutions Inc. lifted its holdings in Xcel Energy by 21.6% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 61,167 shares of the company's stock valued at $3,267,000 after buying an additional 10,851 shares during the period. Simplicity Wealth LLC boosted its position in Xcel Energy by 60.3% during the second quarter. Simplicity Wealth LLC now owns 22,999 shares of the company's stock valued at $1,228,000 after acquiring an additional 8,656 shares during the last quarter. Raymond James & Associates grew its holdings in Xcel Energy by 83.5% during the 2nd quarter. Raymond James & Associates now owns 1,103,809 shares of the company's stock worth $58,954,000 after acquiring an additional 502,231 shares during the period. Finally, ING Groep NV raised its position in shares of Xcel Energy by 85.0% in the 3rd quarter. ING Groep NV now owns 231,482 shares of the company's stock worth $15,116,000 after acquiring an additional 106,326 shares in the last quarter. 78.38% of the stock is owned by institutional investors.

Xcel Energy Stock Down 1.6 %

XEL stock traded down $1.12 during trading on Friday, reaching $69.74. The stock had a trading volume of 3,431,754 shares, compared to its average volume of 3,060,143. 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 capitalization of $40.05 billion, a price-to-earnings ratio of 20.69, a P/E/G ratio of 2.89 and a beta of 0.41. Xcel Energy Inc. has a one year low of $46.79 and a one year high of $73.38. The company's 50 day moving average is $66.88 and its two-hundred day moving average is $60.89.

Xcel Energy (NASDAQ:XEL - Get Free Report) last issued 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). Xcel Energy had a return on equity of 10.76% and a net margin of 13.67%. The business had revenue of $3.64 billion during the quarter, compared to analyst estimates of $3.93 billion. During the same period in the prior year, the business posted $1.23 EPS. Xcel Energy's revenue was down .5% compared to the same quarter last year. Equities research analysts forecast that Xcel Energy Inc. will post 3.54 EPS for the current year.

Analysts Set New Price Targets

XEL has been the subject of a number of research reports. Morgan Stanley reduced their price target on shares of Xcel Energy from $74.00 to $72.00 and set an "equal weight" rating for the company in a report on Friday, November 22nd. Wells Fargo & Company boosted their target price on Xcel Energy from $63.00 to $66.00 and gave the company an "equal weight" rating in a research report on Wednesday, October 16th. KeyCorp increased their price target on Xcel Energy from $74.00 to $79.00 and gave the stock an "overweight" rating in a report on Wednesday. Argus upgraded Xcel Energy from a "hold" rating to a "buy" rating and set a $68.00 price objective for the company in a report on Monday, August 26th. Finally, UBS Group increased their target price on Xcel Energy from $66.00 to $67.00 and gave the stock a "neutral" rating in a report on Friday, September 20th. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $67.00.

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.