Commonwealth Equity Services LLC Buys 10,286 Shares of Xcel Energy Inc. $XEL

Commonwealth Equity Services LLC raised its stake in Xcel Energy Inc. (NASDAQ:XEL) by 4.7% during the third quarter, Holdings Channel reports. The firm owned 229,241 shares of the company’s stock after purchasing an additional 10,286 shares during the period. Commonwealth Equity Services LLC’s holdings in Xcel Energy were worth $16,157,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in XEL. Kestra Private Wealth Services LLC boosted its holdings in Xcel Energy by 18.0% in the third quarter. Kestra Private Wealth Services LLC now owns 13,777 shares of the company’s stock valued at $971,000 after acquiring an additional 2,104 shares during the last quarter. Bfsg LLC raised its holdings in shares of Xcel Energy by 46.8% in the 3rd quarter. Bfsg LLC now owns 822 shares of the company’s stock worth $58,000 after purchasing an additional 262 shares during the period. Chicago Partners Investment Group LLC raised its holdings in shares of Xcel Energy by 28.0% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 12,230 shares of the company’s stock worth $955,000 after purchasing an additional 2,675 shares during the period. Associated Banc Corp acquired a new position in shares of Xcel Energy in the 3rd quarter valued at about $20,311,000. Finally, Integrity Alliance LLC. lifted its stake in shares of Xcel Energy by 15.3% in the 3rd quarter. Integrity Alliance LLC. now owns 4,073 shares of the company’s stock valued at $287,000 after purchasing an additional 541 shares in the last quarter. 78.38% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

XEL has been the subject of a number of research reports. Truist Financial decreased their target price on Xcel Energy from $88.00 to $87.00 and set a “buy” rating for the company in a report on Wednesday, October 14th. BMO Capital Markets cut their price target on shares of Xcel Energy from $91.00 to $86.00 and set an “outperform” rating on the stock in a report on Tuesday, October 20th. Morgan Stanley lifted their price target on shares of Xcel Energy from $83.00 to $85.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 21st. Weiss Ratings raised shares of Xcel Energy from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, November 3rd. Finally, The Goldman Sachs Group decreased their price objective on shares of Xcel Energy from $95.00 to $93.00 in a research note on Thursday, October 15th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $90.71.

Xcel Energy Price Performance

XEL opened at $80.12 on Wednesday. Xcel Energy Inc. has a twelve month low of $68.72 and a twelve month high of $84.23. The company has a current ratio of 0.69, a quick ratio of 0.61 and a debt-to-equity ratio of 1.43. The firm has a market cap of $51.43 billion, a price-to-earnings ratio of 18.56, a PEG ratio of 2.59 and a beta of 0.34. The company has a fifty day simple moving average of $75.10 and a 200 day simple moving average of $78.33.

Xcel Energy (NASDAQ:XEL) last posted its quarterly earnings data on Wednesday, October 28th. The company reported $1.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.39 by $0.13. The company had revenue of $4.17 billion for the quarter, compared to the consensus estimate of $4.26 billion. Xcel Energy had a return on equity of 11.10% and a net margin of 17.94%. Xcel Energy’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.24 EPS. Equities research analysts expect that Xcel Energy Inc. will post 4.14 EPS for the current fiscal year.

Xcel Energy Profile

Xcel Energy Inc. is a regulated electric and natural gas utility headquartered in Minneapolis, Minnesota. Through its operating companies, it generates, purchases, transmits and distributes electricity, and delivers natural gas to residential, commercial and industrial customers. The company serves customers in eight states: Colorado, Michigan, Minnesota, New Mexico, North Dakota, South Dakota, Texas and Wisconsin. Its electric system includes a mix of generation resources, supported by transmission and distribution networks.