Atria Investments Inc Reduces Holdings in Xcel Energy Inc. (NASDAQ:XEL)

Atria Investments Inc lessened its position in shares of Xcel Energy Inc. (NASDAQ:XEL) by 0.2% during the third quarter, HoldingsChannel reports. The institutional investor owned 80,548 shares of the company’s stock after selling 161 shares during the quarter. Atria Investments Inc’s holdings in Xcel Energy were worth $5,260,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Empowered Funds LLC raised its stake in Xcel Energy by 40.1% during the 1st quarter. Empowered Funds LLC now owns 25,811 shares of the company’s stock valued at $1,387,000 after acquiring an additional 7,394 shares during the last quarter. Oppenheimer Asset Management Inc. acquired a new stake in shares of Xcel Energy during the first quarter worth $965,000. Sei Investments Co. grew its position in Xcel Energy by 3.1% in the 1st quarter. Sei Investments Co. now owns 764,063 shares of the company’s stock valued at $41,068,000 after buying an additional 23,267 shares during the last quarter. QRG Capital Management Inc. increased its stake in Xcel Energy by 28.4% in the 1st quarter. QRG Capital Management Inc. now owns 39,536 shares of the company’s stock valued at $2,125,000 after buying an additional 8,736 shares during the period. Finally, Avantax Advisory Services Inc. raised its position in Xcel Energy by 1.3% during the 1st quarter. Avantax Advisory Services Inc. now owns 16,054 shares of the company’s stock worth $863,000 after buying an additional 212 shares during the last quarter. Institutional investors and hedge funds own 78.38% of the company’s stock.

Analyst Ratings Changes

XEL has been the topic of a number of recent analyst reports. KeyCorp boosted their price target on shares of Xcel Energy from $69.00 to $74.00 and gave the stock an “overweight” rating in a research note on Friday, November 1st. UBS Group increased their target price on Xcel Energy from $66.00 to $67.00 and gave the stock a “neutral” rating in a research note on Friday, September 20th. Morgan Stanley upped their price objective on Xcel Energy from $68.00 to $73.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 25th. Argus raised Xcel Energy from a “hold” rating to a “buy” rating and set a $68.00 target price for the company in a report on Monday, August 26th. Finally, Jefferies Financial Group upgraded shares of Xcel Energy from a “hold” rating to a “buy” rating and boosted their target price for the stock from $71.00 to $76.00 in a research report on Friday, November 1st. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $66.38.

Xcel Energy Trading Up 1.9 %

Shares of Xcel Energy stock opened at $68.65 on Tuesday. Xcel Energy Inc. has a 1 year low of $46.79 and a 1 year high of $68.82. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.93 and a quick ratio of 0.82. The business has a 50 day moving average price of $64.14 and a 200 day moving average price of $58.74. The company has a market capitalization of $39.42 billion, a P/E ratio of 20.37, a P/E/G ratio of 2.75 and a beta of 0.38.

Xcel Energy (NASDAQ:XEL) last issued its quarterly earnings data on Thursday, October 31st. The company reported $1.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.26 by ($0.01). The company had revenue of $3.64 billion during the quarter, compared to analysts’ expectations of $3.93 billion. Xcel Energy had a net margin of 13.67% and a return on equity of 10.76%. The firm’s revenue was down .5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.23 earnings per share. Sell-side analysts anticipate that Xcel Energy Inc. will post 3.55 EPS for the current fiscal year.

About Xcel Energy

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.