Meeder Asset Management Inc. Acquires 26,439 Shares of Xcel Energy Inc. (NASDAQ:XEL)

Meeder Asset Management Inc. raised its holdings in shares of Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 835.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 29,602 shares of the company's stock after acquiring an additional 26,439 shares during the quarter. Meeder Asset Management Inc.'s holdings in Xcel Energy were worth $1,933,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. Ashton Thomas Securities LLC bought a new stake in Xcel Energy during the 3rd quarter worth approximately $25,000. TruNorth Capital Management LLC purchased a new position in shares of Xcel Energy during the 2nd quarter valued at $30,000. American National Bank purchased a new position in shares of Xcel Energy during the 2nd quarter valued at $32,000. Transcendent Capital Group LLC bought a new position in Xcel Energy in the 3rd quarter worth $33,000. Finally, Kimelman & Baird LLC purchased a new stake in Xcel Energy in the 2nd quarter worth $35,000. Institutional investors own 78.38% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on XEL shares. Argus upgraded Xcel Energy from a "hold" rating to a "buy" rating and set a $68.00 price objective on the stock in a research report on Monday, August 26th. Wells Fargo & Company boosted their price target on Xcel Energy from $63.00 to $66.00 and gave the stock an "equal weight" rating in a report on Wednesday, October 16th. Jefferies Financial Group raised shares of Xcel Energy from a "hold" rating to a "buy" rating and increased their price objective for the company from $71.00 to $76.00 in a report on Friday, November 1st. KeyCorp boosted their target price on shares of Xcel Energy from $69.00 to $74.00 and gave the stock an "overweight" rating in a report on Friday, November 1st. Finally, Barclays upped their target price on shares of Xcel Energy from $57.00 to $67.00 and gave the stock an "overweight" rating in a research report on Monday, October 21st. Seven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $66.38.

Xcel Energy Trading Down 0.5 %

XEL traded down $0.37 on Tuesday, hitting $69.57. The company had a trading volume of 2,223,728 shares, compared to its average volume of 4,202,102. Xcel Energy Inc. has a 12-month low of $46.79 and a 12-month high of $70.42. 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 business's fifty day simple moving average is $65.00 and its 200 day simple moving average is $59.47. The company has a market cap of $39.95 billion, a PE ratio of 20.64, a PEG ratio of 2.84 and a beta of 0.38.

Xcel Energy (NASDAQ:XEL - Get Free Report) last released its 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). The company had revenue of $3.64 billion for the quarter, compared to the consensus estimate of $3.93 billion. Xcel Energy had a net margin of 13.67% and a return on equity of 10.76%. The business's revenue for the quarter was down .5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.23 EPS. Equities research analysts expect that Xcel Energy Inc. will post 3.55 EPS for the current year.

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.