OneDigital Investment Advisors LLC Acquires 998 Shares of Xcel Energy Inc. (NASDAQ:XEL)

OneDigital Investment Advisors LLC grew its stake in shares of Xcel Energy Inc. (NASDAQ:XEL) by 7.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,148 shares of the company’s stock after buying an additional 998 shares during the period. OneDigital Investment Advisors LLC’s holdings in Xcel Energy were worth $924,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Covestor Ltd grew its holdings in shares of Xcel Energy by 325.9% in the first quarter. Covestor Ltd now owns 1,316 shares of the company’s stock valued at $71,000 after purchasing an additional 1,007 shares in the last quarter. UniSuper Management Pty Ltd increased its holdings in shares of Xcel Energy by 402.7% in the 1st quarter. UniSuper Management Pty Ltd now owns 25,084 shares of the company’s stock worth $1,348,000 after buying an additional 20,094 shares during the last quarter. Pitcairn Co. purchased a new stake in shares of Xcel Energy during the 1st quarter valued at about $224,000. InterOcean Capital Group LLC bought a new position in shares of Xcel Energy in the 1st quarter valued at about $242,000. Finally, Natixis purchased a new position in Xcel Energy in the first quarter worth about $8,348,000. 78.38% of the stock is currently owned by institutional investors.

Xcel Energy Price Performance

Shares of XEL stock opened at $69.57 on Wednesday. The stock has a market capitalization of $39.95 billion, a price-to-earnings ratio of 20.64, a P/E/G ratio of 2.84 and a beta of 0.38. The company has a current ratio of 0.93, a quick ratio of 0.82 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 $70.42. The stock has a fifty day simple moving average of $65.00 and a two-hundred day simple moving average of $59.47.

Xcel Energy (NASDAQ:XEL) last issued its earnings results 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). Xcel Energy had a return on equity of 10.76% and a net margin of 13.67%. The business had revenue of $3.64 billion for the quarter, compared to the consensus estimate of $3.93 billion. During the same quarter in the previous year, the company earned $1.23 earnings per share. The firm’s revenue was down .5% on a year-over-year basis. On average, analysts predict that Xcel Energy Inc. will post 3.55 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

XEL has been the topic of a number of recent research reports. Jefferies Financial Group upgraded Xcel Energy from a “hold” rating to a “buy” rating and upped their price objective for the company from $71.00 to $76.00 in a research report on Friday, November 1st. Morgan Stanley raised their price target on Xcel Energy from $68.00 to $73.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 25th. Barclays boosted their price objective on shares of Xcel Energy from $57.00 to $67.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. Argus upgraded shares of 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, KeyCorp lifted 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. Seven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $66.38.

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.