Savant Capital LLC Buys 1,914 Shares of Xcel Energy Inc. $XEL

Savant Capital LLC lifted its stake in Xcel Energy Inc. (NASDAQ:XEL) by 6.2% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 32,822 shares of the company’s stock after acquiring an additional 1,914 shares during the quarter. Savant Capital LLC’s holdings in Xcel Energy were worth $2,235,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Accent Capital Management LLC purchased a new stake in Xcel Energy in the first quarter worth approximately $29,000. Rise Advisors LLC raised its stake in Xcel Energy by 62.9% during the 2nd quarter. Rise Advisors LLC now owns 518 shares of the company’s stock valued at $35,000 after buying an additional 200 shares during the last quarter. Marshall & Sullivan Inc. WA bought a new position in shares of Xcel Energy during the 2nd quarter valued at $44,000. RMG Wealth Management LLC bought a new position in shares of Xcel Energy during the 2nd quarter valued at $46,000. Finally, Ransom Advisory Ltd purchased a new position in shares of Xcel Energy in the 1st quarter worth $50,000. 78.38% of the stock is owned by hedge funds and other institutional investors.

Xcel Energy Trading Down 0.6%

Shares of NASDAQ:XEL opened at $80.40 on Tuesday. The stock has a 50 day moving average of $77.96 and a 200 day moving average of $73.00. The company has a market cap of $47.56 billion, a PE ratio of 22.27, a price-to-earnings-growth ratio of 2.81 and a beta of 0.38. Xcel Energy Inc. has a 12-month low of $62.58 and a 12-month high of $83.01. The company has a current ratio of 0.96, a quick ratio of 0.85 and a debt-to-equity ratio of 1.48.

Xcel Energy (NASDAQ:XEL) last issued its quarterly earnings results on Thursday, October 30th. The company reported $1.24 earnings per share for the quarter, missing the consensus estimate of $1.32 by ($0.08). The firm had revenue of $3.92 billion for the quarter, compared to analysts’ expectations of $3.89 billion. Xcel Energy had a net margin of 14.85% and a return on equity of 10.52%. Xcel Energy’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.25 EPS. As a group, equities research analysts expect that Xcel Energy Inc. will post 3.82 EPS for the current year.

Analysts Set New Price Targets

XEL has been the subject of a number of research reports. UBS Group set a $85.00 price objective on Xcel Energy in a research report on Wednesday, November 5th. TD Cowen began coverage on shares of Xcel Energy in a research report on Thursday, October 16th. They set a “buy” rating and a $93.00 price target for the company. Cowen began coverage on shares of Xcel Energy in a research note on Wednesday, October 15th. They issued a “buy” rating on the stock. BTIG Research upgraded shares of Xcel Energy to a “strong-buy” rating in a research report on Wednesday, October 22nd. Finally, Jefferies Financial Group upped their target price on shares of Xcel Energy from $84.00 to $92.00 and gave the company a “buy” rating in a report on Thursday, October 16th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $87.29.

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.