Edgestream Partners L.P. Invests $1.22 Million in Xcel Energy Inc. (NASDAQ:XEL)

Edgestream Partners L.P. purchased a new stake in shares of Xcel Energy Inc. (NASDAQ:XEL - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 18,670 shares of the company's stock, valued at approximately $1,219,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Czech National Bank boosted its position in Xcel Energy by 9.1% during the 2nd quarter. Czech National Bank now owns 105,882 shares of the company's stock valued at $5,655,000 after buying an additional 8,790 shares during the period. Cetera Investment Advisers grew its stake in shares of Xcel Energy by 165.0% in the first quarter. Cetera Investment Advisers now owns 107,344 shares of the company's stock worth $5,770,000 after purchasing an additional 66,840 shares during the last quarter. Envestnet Portfolio Solutions Inc. increased its holdings in Xcel Energy by 21.6% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 61,167 shares of the company's stock valued at $3,267,000 after purchasing an additional 10,851 shares during the period. Simplicity Wealth LLC raised its position in Xcel Energy by 60.3% during the 2nd quarter. Simplicity Wealth LLC now owns 22,999 shares of the company's stock valued at $1,228,000 after purchasing an additional 8,656 shares during the last quarter. Finally, Raymond James & Associates raised its position in Xcel Energy by 83.5% during the 2nd quarter. Raymond James & Associates now owns 1,103,809 shares of the company's stock valued at $58,954,000 after purchasing an additional 502,231 shares during the last quarter. 78.38% of the stock is owned by institutional investors.

Xcel Energy Stock Up 0.2 %

Shares of Xcel Energy stock traded up $0.14 on Thursday, reaching $70.86. The company's stock had a trading volume of 2,518,525 shares, compared to its average volume of 4,120,621. Xcel Energy Inc. has a 52 week low of $46.79 and a 52 week high of $73.38. The firm's fifty day simple moving average is $66.64 and its two-hundred day simple moving average is $60.69. 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 $40.69 billion, a price-to-earnings ratio of 21.08, a P/E/G ratio of 2.90 and a beta of 0.41.

Xcel Energy (NASDAQ:XEL - Get Free Report) last released its quarterly earnings data on Thursday, October 31st. The company reported $1.25 EPS for the quarter, missing the consensus estimate of $1.26 by ($0.01). The business had revenue of $3.64 billion during the quarter, compared to the consensus estimate of $3.93 billion. Xcel Energy had a return on equity of 10.76% and a net margin of 13.67%. Xcel Energy's quarterly revenue was down .5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.23 earnings per share. Equities analysts anticipate that Xcel Energy Inc. will post 3.54 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Morgan Stanley decreased their target price on Xcel Energy from $74.00 to $72.00 and set an "equal weight" rating for the company in a report on Friday, November 22nd. KeyCorp raised their target price on shares of Xcel Energy from $74.00 to $79.00 and gave the stock an "overweight" rating in a research report on Wednesday. Jefferies Financial Group upgraded 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 research report on Friday, November 1st. Argus upgraded shares of 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, Wells Fargo & Company upped 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 given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $67.00.

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.