Stifel Financial Corp Grows Stake in Xcel Energy Inc. (NASDAQ:XEL)

Stifel Financial Corp boosted its holdings in shares of Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 19.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,265,658 shares of the company's stock after acquiring an additional 202,389 shares during the period. Stifel Financial Corp owned 0.22% of Xcel Energy worth $82,648,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of XEL. Czech National Bank increased its holdings in shares of 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 purchasing an additional 8,790 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its holdings in shares of Xcel Energy by 21.6% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 61,167 shares of the company's stock worth $3,267,000 after acquiring an additional 10,851 shares during the period. Simplicity Wealth LLC boosted its position in shares of 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 acquiring an additional 8,656 shares during the last quarter. Raymond James & Associates grew its holdings in shares of Xcel Energy by 83.5% in the second 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 period. Finally, ING Groep NV increased its position in Xcel Energy by 85.0% during the third quarter. ING Groep NV now owns 231,482 shares of the company's stock worth $15,116,000 after purchasing an additional 106,326 shares during the last quarter. Institutional investors and hedge funds own 78.38% of the company's stock.

Xcel Energy Stock Down 1.6 %

Shares of Xcel Energy stock traded down $1.12 during trading hours on Friday, reaching $69.74. 3,431,754 shares of the company were exchanged, compared to its average volume of 3,060,143. The firm has a market cap of $40.05 billion, a PE ratio of 20.69, a PEG ratio of 2.89 and a beta of 0.41. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.82 and a current ratio of 0.93. Xcel Energy Inc. has a 1 year low of $46.79 and a 1 year high of $73.38. The stock's fifty day moving average is $66.88 and its 200 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). The company had revenue of $3.64 billion for the quarter, compared to analysts' expectations of $3.93 billion. Xcel Energy had a return on equity of 10.76% and a net margin of 13.67%. Xcel Energy's revenue for the quarter was down .5% compared to the same quarter last year. During the same quarter last year, the company earned $1.23 EPS. As a group, equities research analysts forecast that Xcel Energy Inc. will post 3.54 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on XEL. Wells Fargo & Company increased their price target on shares of Xcel Energy from $63.00 to $66.00 and gave the company an "equal weight" rating in a research note on Wednesday, October 16th. KeyCorp increased their price objective on Xcel Energy from $74.00 to $79.00 and gave the stock an "overweight" rating in a research report on Wednesday. UBS Group upped their price target on Xcel Energy from $66.00 to $67.00 and gave the company a "neutral" rating in a research note on Friday, September 20th. Argus raised Xcel Energy from a "hold" rating to a "buy" rating and set a $68.00 price objective for the company in a research report on Monday, August 26th. Finally, Barclays upped their target price on shares of Xcel Energy from $67.00 to $71.00 and gave the company an "overweight" rating in a research report on Tuesday, November 26th. Seven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus 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.