Wilmington Savings Fund Society FSB Makes New $1.12 Million Investment in Xcel Energy Inc. (NASDAQ:XEL)

Wilmington Savings Fund Society FSB purchased a new position in Xcel Energy Inc. (NASDAQ:XEL - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 17,217 shares of the company's stock, valued at approximately $1,124,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Ashton Thomas Securities LLC acquired a new stake in Xcel Energy during the third quarter valued at $25,000. American National Bank acquired a new stake in shares of Xcel Energy during the 2nd quarter worth about $32,000. Transcendent Capital Group LLC acquired a new stake in shares of Xcel Energy during the 3rd quarter worth about $33,000. Kimelman & Baird LLC acquired a new position in Xcel Energy during the second quarter worth approximately $35,000. Finally, Rothschild Investment LLC acquired a new position in shares of Xcel Energy in the second quarter valued at approximately $37,000. Hedge funds and other institutional investors own 78.38% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. JPMorgan Chase & Co. upgraded Xcel Energy from a "neutral" rating to an "overweight" rating and lifted their price target for the company from $69.00 to $80.00 in a research note on Thursday. Wells Fargo & Company boosted their target price on Xcel Energy from $63.00 to $66.00 and gave the stock an "equal weight" rating in a research report on Wednesday, October 16th. Jefferies Financial Group upgraded Xcel Energy from a "hold" rating to a "buy" rating and boosted their target price for the stock from $71.00 to $76.00 in a research report on Friday, November 1st. Argus upgraded Xcel Energy from a "hold" rating to a "buy" rating and set a $68.00 target price on the stock in a research report on Monday, August 26th. Finally, UBS Group boosted their target price on Xcel Energy from $66.00 to $67.00 and gave the stock a "neutral" rating in a research report on Friday, September 20th. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $68.62.

Xcel Energy Stock Performance

Shares of Xcel Energy stock traded down $0.37 during trading on Friday, reaching $68.12. The company's stock had a trading volume of 2,253,986 shares, compared to its average volume of 4,093,029. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.82 and a current ratio of 0.93. The business's fifty day moving average price is $67.27 and its 200-day moving average price is $61.40. The firm has a market cap of $39.12 billion, a price-to-earnings ratio of 20.21, a price-to-earnings-growth ratio of 2.80 and a beta of 0.41. Xcel Energy Inc. has a one year low of $46.79 and a one year high of $73.38.

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 analysts' consensus estimates of $1.26 by ($0.01). The firm had revenue of $3.64 billion for the quarter, compared to analyst estimates of $3.93 billion. Xcel Energy had a return on equity of 10.76% and a net margin of 13.67%. The firm's quarterly revenue was down .5% compared to the same quarter last year. During the same period last year, the business earned $1.23 earnings per share. As a group, equities research analysts predict that Xcel Energy Inc. will post 3.54 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.