Kingsview Wealth Management LLC Grows Stock Position in Xcel Energy Inc. (NASDAQ:XEL)

Kingsview Wealth Management LLC lifted its stake in Xcel Energy Inc. (NASDAQ:XEL) by 7.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,283 shares of the company’s stock after buying an additional 667 shares during the period. Kingsview Wealth Management LLC’s holdings in Xcel Energy were worth $606,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of XEL. Federated Hermes Inc. increased its holdings in shares of Xcel Energy by 120.2% in the second quarter. Federated Hermes Inc. now owns 2,379,615 shares of the company’s stock worth $127,095,000 after buying an additional 1,299,025 shares during the period. American Century Companies Inc. increased its holdings in shares of Xcel Energy by 130.4% in the second quarter. American Century Companies Inc. now owns 2,084,345 shares of the company’s stock worth $111,325,000 after buying an additional 1,179,823 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in shares of Xcel Energy by 6.2% in the third quarter. Massachusetts Financial Services Co. MA now owns 15,190,756 shares of the company’s stock worth $991,956,000 after buying an additional 892,740 shares during the period. Los Angeles Capital Management LLC increased its holdings in shares of Xcel Energy by 725.1% in the second quarter. Los Angeles Capital Management LLC now owns 907,030 shares of the company’s stock worth $48,444,000 after buying an additional 797,096 shares during the period. Finally, National Bank of Canada FI grew its stake in shares of Xcel Energy by 89.4% in the second quarter. National Bank of Canada FI now owns 1,534,971 shares of the company’s stock worth $80,478,000 after purchasing an additional 724,558 shares during the last quarter. Hedge funds and other institutional investors own 78.38% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on XEL. Barclays raised their target price on Xcel Energy from $67.00 to $71.00 and gave the stock an “overweight” rating in a research note on Tuesday. UBS Group raised 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. KeyCorp raised their target price on Xcel Energy from $69.00 to $74.00 and gave the stock an “overweight” rating in a research note on Friday, November 1st. Jefferies Financial Group raised Xcel Energy from a “hold” rating to a “buy” rating and raised their target price for the stock from $71.00 to $76.00 in a research note on Friday, November 1st. Finally, Wells Fargo & Company raised their target price on Xcel Energy from $63.00 to $66.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 16th. Seven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $66.62.

Xcel Energy Stock Performance

Shares of XEL opened at $72.92 on Thursday. The company has a quick ratio of 0.82, a current ratio of 0.93 and a debt-to-equity ratio of 1.42. The business’s 50 day moving average price is $65.88 and its 200-day moving average price is $60.14. Xcel Energy Inc. has a 52 week low of $46.79 and a 52 week high of $73.38. The stock has a market cap of $41.87 billion, a P/E ratio of 21.64, a P/E/G ratio of 2.93 and a beta of 0.38.

Xcel Energy (NASDAQ:XEL) last issued its quarterly 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). Xcel Energy had a return on equity of 10.76% and a net margin of 13.67%. The company had revenue of $3.64 billion during the quarter, compared to the consensus estimate of $3.93 billion. During the same period in the prior year, the firm earned $1.23 earnings per share. The business’s revenue for the quarter was down .5% compared to the same quarter last year. Equities research analysts anticipate that Xcel Energy Inc. will post 3.54 earnings per share for the current fiscal year.

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.