Cetera Advisor Networks LLC Grows Stock Holdings in Xcel Energy Inc. (NASDAQ:XEL)

Cetera Advisor Networks LLC raised its stake in Xcel Energy Inc. (NASDAQ:XELGet Rating) by 13.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 59,498 shares of the company’s stock after buying an additional 7,160 shares during the period. Cetera Advisor Networks LLC’s holdings in Xcel Energy were worth $4,211,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in the stock. Cetera Advisors LLC boosted its position in Xcel Energy by 151.7% in the 2nd quarter. Cetera Advisors LLC now owns 22,084 shares of the company’s stock valued at $1,563,000 after buying an additional 13,309 shares during the period. Checchi Capital Advisers LLC boosted its position in Xcel Energy by 14.8% in the 2nd quarter. Checchi Capital Advisers LLC now owns 7,682 shares of the company’s stock valued at $562,000 after buying an additional 988 shares during the period. Financial Architects Inc purchased a new stake in Xcel Energy in the 2nd quarter valued at about $207,000. Bridgewater Associates LP lifted its position in shares of Xcel Energy by 80.6% in the 2nd quarter. Bridgewater Associates LP now owns 278,089 shares of the company’s stock worth $19,678,000 after purchasing an additional 124,101 shares during the period. Finally, O Shaughnessy Asset Management LLC lifted its position in shares of Xcel Energy by 31.9% in the 2nd quarter. O Shaughnessy Asset Management LLC now owns 14,624 shares of the company’s stock worth $1,035,000 after purchasing an additional 3,539 shares during the period. 77.52% of the stock is owned by hedge funds and other institutional investors.

Xcel Energy Trading Up 0.5 %

NASDAQ XEL opened at $69.20 on Thursday. The company has a quick ratio of 0.86, a current ratio of 1.04 and a debt-to-equity ratio of 1.42. The firm has a market cap of $37.87 billion, a PE ratio of 22.61, a price-to-earnings-growth ratio of 3.36 and a beta of 0.40. The company has a 50 day moving average price of $63.30 and a 200 day moving average price of $69.16. Xcel Energy Inc. has a 52 week low of $56.89 and a 52 week high of $77.66.

Insider Buying and Selling at Xcel Energy

In other Xcel Energy news, SVP Frank P. Prager sold 1,138 shares of the company’s stock in a transaction that occurred on Wednesday, November 16th. The shares were sold at an average price of $68.48, for a total transaction of $77,930.24. Following the transaction, the senior vice president now owns 28,036 shares in the company, valued at approximately $1,919,905.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.05% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on XEL. Mizuho lowered their price target on shares of Xcel Energy from $72.00 to $65.00 and set a “buy” rating for the company in a research report on Wednesday, October 19th. Wolfe Research raised shares of Xcel Energy from a “peer perform” rating to an “outperform” rating and set a $69.00 price target for the company in a research report on Thursday, October 20th. KeyCorp lowered their price target on shares of Xcel Energy from $78.00 to $68.00 and set an “overweight” rating for the company in a research report on Thursday, October 20th. JPMorgan Chase & Co. lowered their price target on shares of Xcel Energy from $86.00 to $72.00 and set an “overweight” rating for the company in a research report on Tuesday, October 18th. Finally, Wells Fargo & Company lowered their price target on shares of Xcel Energy from $79.00 to $69.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 19th. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $69.64.

About Xcel Energy

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Xcel Energy Inc, through its subsidiaries, generates, purchases, transmits, distributes, and sells electricity. It operates through Regulated Electric Utility, Regulated Natural Gas Utility, and All Other segments. The company generates electricity through coal, nuclear, natural gas, hydroelectric, solar, biomass, oil, wood/refuse, and wind energy sources.

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Institutional Ownership by Quarter for Xcel Energy (NASDAQ:XEL)

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