Thrivent Financial for Lutherans Has $42.77 Million Stake in Xcel Energy Inc. (NASDAQ:XEL)

Thrivent Financial for Lutherans reduced its holdings in shares of Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 1.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 654,943 shares of the company's stock after selling 7,999 shares during the quarter. Thrivent Financial for Lutherans owned approximately 0.11% of Xcel Energy worth $42,768,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Integris Wealth Management LLC increased its position in shares of Xcel Energy by 2.7% in the third quarter. Integris Wealth Management LLC now owns 6,163 shares of the company's stock worth $402,000 after acquiring an additional 163 shares in the last quarter. Bond & Devick Financial Network Inc. increased its position in shares of Xcel Energy by 1.1% in the third quarter. Bond & Devick Financial Network Inc. now owns 15,972 shares of the company's stock worth $1,043,000 after acquiring an additional 168 shares in the last quarter. Gateway Wealth Partners LLC raised its stake in shares of Xcel Energy by 4.3% during the second quarter. Gateway Wealth Partners LLC now owns 4,413 shares of the company's stock valued at $236,000 after purchasing an additional 182 shares during the period. Sumitomo Life Insurance Co. boosted its stake in shares of Xcel Energy by 2.9% in the third quarter. Sumitomo Life Insurance Co. now owns 6,591 shares of the company's stock valued at $430,000 after purchasing an additional 183 shares during the period. Finally, Dakota Wealth Management increased its stake in Xcel Energy by 0.9% during the 3rd quarter. Dakota Wealth Management now owns 22,979 shares of the company's stock worth $1,500,000 after buying an additional 205 shares during the period. Hedge funds and other institutional investors own 78.38% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on XEL shares. UBS Group boosted their price objective on Xcel Energy from $66.00 to $67.00 and gave the company a "neutral" rating in a report on Friday, September 20th. Barclays boosted their price objective on Xcel Energy from $57.00 to $67.00 and gave the stock an "overweight" rating in a research report on Monday, October 21st. Morgan Stanley lifted their price target on Xcel Energy from $68.00 to $73.00 and gave the company an "equal weight" rating in a research report on Wednesday, September 25th. KeyCorp lifted their target price on Xcel Energy from $69.00 to $74.00 and gave the stock an "overweight" rating in a report on Friday, November 1st. Finally, Jefferies Financial Group upgraded shares of Xcel Energy from a "hold" rating to a "buy" rating and raised their target price for the stock from $71.00 to $76.00 in a report on Friday, November 1st. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $66.38.

Xcel Energy Stock Down 0.6 %

XEL stock traded down $0.41 during trading hours on Tuesday, hitting $69.53. The company's stock had a trading volume of 1,115,259 shares, compared to its average volume of 4,197,153. The company has a market capitalization of $39.93 billion, a PE ratio of 20.75, a price-to-earnings-growth ratio of 2.84 and a beta of 0.38. The stock has a 50 day moving average price of $64.89 and a two-hundred day moving average price of $59.37. The company has a quick ratio of 0.82, a current ratio of 0.93 and a debt-to-equity ratio of 1.42. Xcel Energy Inc. has a 12 month low of $46.79 and a 12 month high of $70.42.

Xcel Energy (NASDAQ:XEL - Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The company reported $1.25 earnings per share 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 company 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 firm earned $1.23 EPS. Xcel Energy's quarterly revenue was down .5% on a year-over-year basis. On average, equities research analysts expect that Xcel Energy Inc. will post 3.55 earnings per share 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.