Xcel Energy Inc. (NASDAQ:XEL) Holdings Boosted by Dean Investment Associates LLC

Dean Investment Associates LLC boosted its stake in shares of Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 40.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 130,572 shares of the company's stock after buying an additional 37,930 shares during the quarter. Xcel Energy accounts for about 1.2% of Dean Investment Associates LLC's holdings, making the stock its 10th biggest holding. Dean Investment Associates LLC's holdings in Xcel Energy were worth $8,526,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. Ashton Thomas Securities LLC acquired a new position in Xcel Energy during the 3rd quarter worth about $25,000. TruNorth Capital Management LLC acquired a new stake in shares of Xcel Energy during the second quarter worth about $30,000. American National Bank purchased a new position in shares of Xcel Energy in the second quarter valued at approximately $32,000. Transcendent Capital Group LLC purchased a new position in shares of Xcel Energy in the third quarter valued at approximately $33,000. Finally, Kimelman & Baird LLC acquired a new position in shares of Xcel Energy in the second quarter valued at approximately $35,000. 78.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. 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 research report on Friday, November 1st. KeyCorp lifted their target price on Xcel Energy from $74.00 to $79.00 and gave the company an "overweight" rating in a report on Wednesday. UBS Group upped their price target on Xcel Energy from $66.00 to $67.00 and gave the stock a "neutral" rating in a report on Friday, September 20th. Morgan Stanley decreased their price objective on Xcel Energy from $74.00 to $72.00 and set an "equal weight" rating for the company in a research note on Friday, November 22nd. Finally, 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. Seven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $67.00.

Xcel Energy Stock Performance

NASDAQ:XEL traded down $1.12 during mid-day trading on Friday, reaching $69.74. 3,431,754 shares of the stock were exchanged, compared to its average volume of 3,060,143. 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 1 year low of $46.79 and a 1 year high of $73.38. The company has a 50 day simple moving average of $66.88 and a 200-day simple moving average of $60.93. The stock has a market capitalization of $40.05 billion, a P/E ratio of 20.69, a P/E/G ratio of 2.89 and a beta of 0.41.

Xcel Energy (NASDAQ:XEL - Get Free Report) last announced 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 net margin of 13.67% and a return on equity of 10.76%. The business had revenue of $3.64 billion during the quarter, compared to analyst estimates of $3.93 billion. During the same period in the previous year, the firm earned $1.23 earnings per share. The business's revenue was down .5% compared to the same quarter last year. Analysts anticipate that Xcel Energy Inc. will post 3.54 earnings per share 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.