Stephens Inc. AR Sells 398 Shares of Xcel Energy Inc. (NASDAQ:XEL)

Stephens Inc. AR decreased its holdings in Xcel Energy Inc. (NASDAQ:XEL) by 4.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,789 shares of the company’s stock after selling 398 shares during the quarter. Stephens Inc. AR’s holdings in Xcel Energy were worth $509,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. LCM Capital Management Inc bought a new stake in shares of Xcel Energy in the third quarter worth $224,000. Financial Advocates Investment Management grew its stake in shares of Xcel Energy by 7.4% in the third quarter. Financial Advocates Investment Management now owns 10,251 shares of the company’s stock worth $669,000 after purchasing an additional 710 shares during the last quarter. First Trust Direct Indexing L.P. lifted its holdings in Xcel Energy by 41.7% in the third quarter. First Trust Direct Indexing L.P. now owns 13,327 shares of the company’s stock valued at $870,000 after buying an additional 3,923 shares during the period. Fidelis Capital Partners LLC acquired a new position in Xcel Energy in the third quarter valued at $212,000. Finally, Fortitude Family Office LLC lifted its holdings in Xcel Energy by 497.1% in the third quarter. Fortitude Family Office LLC now owns 1,015 shares of the company’s stock valued at $66,000 after buying an additional 845 shares during the period. Institutional investors own 78.38% of the company’s stock.

Xcel Energy Trading Up 0.2 %

NASDAQ:XEL opened at $66.49 on Thursday. 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 firm has a 50-day moving average of $63.92 and a 200-day moving average of $58.55. The company has a market cap of $38.18 billion, a PE ratio of 19.73, a PEG ratio of 2.69 and a beta of 0.38. Xcel Energy Inc. has a one year low of $46.79 and a one year high of $68.36.

Xcel Energy (NASDAQ:XEL) last posted its earnings results on Thursday, October 31st. The company reported $1.25 EPS for the quarter, missing the consensus estimate of $1.26 by ($0.01). The business had revenue of $3.64 billion for the quarter, compared to the consensus estimate of $3.93 billion. Xcel Energy had a return on equity of 10.76% and a net margin of 13.67%. The company’s revenue was down .5% on a year-over-year basis. During the same period in the previous year, the firm earned $1.23 earnings per share. As a group, equities research analysts expect that Xcel Energy Inc. will post 3.55 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Barclays boosted their target price on shares of Xcel Energy from $57.00 to $67.00 and gave the company an “overweight” rating in a report on Monday, October 21st. Jefferies Financial Group upgraded shares of Xcel Energy from a “hold” rating to a “buy” rating and boosted their target price for the company from $71.00 to $76.00 in a report on Friday, November 1st. Argus upgraded shares of Xcel Energy from a “hold” rating to a “buy” rating and set a $68.00 target price on the stock in a report on Monday, August 26th. KeyCorp boosted their target price on shares of Xcel Energy from $69.00 to $74.00 and gave the company an “overweight” rating in a report on Friday, November 1st. Finally, Morgan Stanley boosted their target price on shares of Xcel Energy from $68.00 to $73.00 and gave the company an “equal weight” rating in a report on Wednesday, September 25th. Seven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $66.38.

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.