Hodges Capital Management Inc. Takes Position in Xcel Energy Inc. (NASDAQ:XEL)

Hodges Capital Management Inc. purchased a new position in Xcel Energy Inc. (NASDAQ:XEL - Free Report) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 9,395 shares of the company's stock, valued at approximately $613,000.

Other institutional investors also recently modified their holdings of the company. Ashton Thomas Securities LLC purchased a new stake in Xcel Energy during the 3rd quarter valued at about $25,000. Transcendent Capital Group LLC purchased a new stake in Xcel Energy during the 3rd quarter valued at about $33,000. TruNorth Capital Management LLC purchased a new stake in shares of Xcel Energy during the 2nd quarter valued at about $30,000. American National Bank purchased a new stake in shares of Xcel Energy during the 2nd quarter valued at about $32,000. Finally, Kimelman & Baird LLC purchased a new stake in shares of Xcel Energy during the 2nd quarter valued at about $35,000. 78.38% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on XEL shares. Jefferies Financial Group raised shares of Xcel Energy from a "hold" rating to a "buy" rating and raised their price target for the company from $71.00 to $76.00 in a report on Friday, November 1st. Barclays raised their price target on shares of Xcel Energy from $67.00 to $71.00 and gave the company an "overweight" rating in a report on Tuesday, November 26th. Argus raised shares of Xcel Energy from a "hold" rating to a "buy" rating and set a $68.00 price target on the stock in a report on Monday, August 26th. Morgan Stanley dropped their price target on shares of Xcel Energy from $74.00 to $72.00 and set an "equal weight" rating on the stock in a report on Friday, November 22nd. Finally, KeyCorp raised their price target on shares of Xcel Energy from $74.00 to $79.00 and gave the company an "overweight" rating in a report on Wednesday, December 4th. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $67.00.

Xcel Energy Stock Performance

NASDAQ XEL traded down $0.63 on Monday, reaching $69.11. 2,760,680 shares of the stock were exchanged, compared to its average volume of 4,118,104. Xcel Energy Inc. has a one year low of $46.79 and a one year high of $73.38. The firm has a market capitalization of $39.69 billion, a PE ratio of 20.51, a PEG ratio of 2.86 and a beta of 0.41. The company's 50-day simple moving average is $66.88 and its two-hundred day simple moving average is $60.93. The company has a current ratio of 0.93, a quick ratio of 0.82 and a debt-to-equity ratio of 1.42.

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