Xcel Energy Inc. $XEL Shares Bought by Coldstream Capital Management Inc.

Coldstream Capital Management Inc. lifted its stake in shares of Xcel Energy Inc. (NASDAQ:XEL) by 4.5% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 16,462 shares of the company’s stock after buying an additional 707 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Xcel Energy were worth $1,121,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Clearstead Trust LLC lifted its stake in Xcel Energy by 202.2% in the second quarter. Clearstead Trust LLC now owns 417 shares of the company’s stock worth $28,000 after acquiring an additional 279 shares during the last quarter. Accent Capital Management LLC purchased a new stake in shares of Xcel Energy in the 1st quarter valued at approximately $29,000. Rise Advisors LLC raised its holdings in shares of Xcel Energy by 62.9% in the 2nd quarter. Rise Advisors LLC now owns 518 shares of the company’s stock valued at $35,000 after purchasing an additional 200 shares in the last quarter. Marshall & Sullivan Inc. WA purchased a new stake in shares of Xcel Energy during the 2nd quarter worth $44,000. Finally, RMG Wealth Management LLC acquired a new position in shares of Xcel Energy during the second quarter worth $46,000. 78.38% of the stock is currently owned by hedge funds and other institutional investors.

Xcel Energy Trading Up 0.2%

XEL opened at $80.39 on Wednesday. The firm has a market cap of $47.55 billion, a price-to-earnings ratio of 22.27, a price-to-earnings-growth ratio of 2.81 and a beta of 0.38. Xcel Energy Inc. has a 52 week low of $62.58 and a 52 week high of $83.01. The business’s 50 day moving average is $79.71 and its two-hundred day moving average is $73.77. The company has a quick ratio of 0.85, a current ratio of 0.96 and a debt-to-equity ratio of 1.48.

Xcel Energy (NASDAQ:XEL) last posted its quarterly earnings data on Wednesday, October 29th. 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 during the quarter, compared to analyst estimates 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 was up 7.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.25 earnings per share. On average, research analysts predict that Xcel Energy Inc. will post 3.82 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on XEL. Royal Bank Of Canada initiated coverage on Xcel Energy in a research note on Tuesday, October 28th. They issued a “moderate buy” rating on the stock. BMO Capital Markets increased their price objective on Xcel Energy from $84.00 to $87.00 and gave the company an “outperform” rating in a report on Wednesday, October 15th. Barclays boosted their target price on Xcel Energy from $83.00 to $85.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 5th. UBS Group set a $85.00 price target on shares of Xcel Energy in a research note on Wednesday, November 5th. Finally, Jefferies Financial Group raised their price objective on shares of Xcel Energy from $84.00 to $92.00 and gave the stock a “buy” rating in a report on Thursday, October 16th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Xcel Energy has an average rating of “Moderate Buy” and an average price target of $87.14.

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.