Xcel Energy Inc. (NASDAQ:XEL) Shares Acquired by Townsquare Capital LLC

Townsquare Capital LLC lifted its holdings in shares of Xcel Energy Inc. (NASDAQ:XEL) by 2.4% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 28,180 shares of the company’s stock after acquiring an additional 664 shares during the period. Townsquare Capital LLC’s holdings in Xcel Energy were worth $1,840,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of XEL. Ashton Thomas Securities LLC purchased a new stake in Xcel Energy during the 3rd quarter valued at about $25,000. Transcendent Capital Group LLC acquired a new stake in shares of Xcel Energy during the third quarter worth about $33,000. TruNorth Capital Management LLC purchased a new stake in Xcel Energy in the second quarter valued at approximately $30,000. American National Bank acquired a new stake in Xcel Energy during the 2nd quarter valued at approximately $32,000. Finally, Kimelman & Baird LLC purchased a new stake in shares of Xcel Energy in the 2nd quarter valued at $35,000. 78.38% of the stock is owned by hedge funds and other institutional investors.

Xcel Energy Stock Down 0.5 %

XEL opened at $72.56 on Monday. The company has a quick ratio of 0.82, a current ratio of 0.93 and a debt-to-equity ratio of 1.42. Xcel Energy Inc. has a twelve month low of $46.79 and a twelve month high of $73.38. The company has a market cap of $41.67 billion, a PE ratio of 21.53, a price-to-earnings-growth ratio of 2.97 and a beta of 0.38. The company has a 50-day moving average price of $66.23 and a 200 day moving average price of $60.41.

Xcel Energy (NASDAQ:XEL) last announced its earnings results on Thursday, October 31st. The company reported $1.25 EPS for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.01). The firm had revenue of $3.64 billion for the quarter, compared to analyst estimates of $3.93 billion. Xcel Energy had a net margin of 13.67% and a return on equity of 10.76%. Xcel Energy’s revenue was down .5% compared to the same quarter last year. During the same period in the previous year, the company earned $1.23 EPS. Sell-side analysts expect that Xcel Energy Inc. will post 3.54 earnings per share for the current fiscal year.

Analyst Ratings Changes

XEL has been the subject of several recent research reports. UBS Group raised their target price on shares of Xcel Energy from $66.00 to $67.00 and gave the stock a “neutral” rating in a report on Friday, September 20th. Barclays boosted their price objective on Xcel Energy from $67.00 to $71.00 and gave the company an “overweight” rating in a report on Tuesday, November 26th. Morgan Stanley reduced their price target on Xcel Energy from $74.00 to $72.00 and set an “equal weight” rating for the company in a research report on Friday, November 22nd. Jefferies Financial Group upgraded Xcel Energy from a “hold” rating to a “buy” rating and upped their price objective for the stock from $71.00 to $76.00 in a research report on Friday, November 1st. Finally, Wells Fargo & Company lifted their target price on shares of Xcel Energy from $63.00 to $66.00 and gave the company an “equal weight” rating in a report on Wednesday, October 16th. Seven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $66.62.

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.