True Wealth Design LLC Acquires 1,962 Shares of Xcel Energy Inc. (NASDAQ:XEL)

True Wealth Design LLC boosted its stake in shares of Xcel Energy Inc. (NASDAQ:XEL) by 17,836.4% during the 3rd quarter, HoldingsChannel reports. The fund owned 1,973 shares of the company’s stock after purchasing an additional 1,962 shares during the period. True Wealth Design LLC’s holdings in Xcel Energy were worth $129,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Morton Community Bank boosted its stake in Xcel Energy by 0.7% during the third quarter. Morton Community Bank now owns 54,498 shares of the company’s stock worth $3,559,000 after buying an additional 395 shares during the period. Tradition Wealth Management LLC boosted its stake in shares of Xcel Energy by 6.9% during the 3rd quarter. Tradition Wealth Management LLC now owns 23,717 shares of the company’s stock worth $1,549,000 after purchasing an additional 1,536 shares during the period. Edgestream Partners L.P. purchased a new position in shares of Xcel Energy during the 3rd quarter worth about $1,219,000. Verition Fund Management LLC raised its position in Xcel Energy by 147.2% in the 3rd quarter. Verition Fund Management LLC now owns 158,004 shares of the company’s stock worth $10,318,000 after purchasing an additional 94,080 shares during the period. Finally, Captrust Financial Advisors lifted its stake in Xcel Energy by 11.0% in the third quarter. Captrust Financial Advisors now owns 99,372 shares of the company’s stock worth $6,489,000 after purchasing an additional 9,821 shares during the last quarter. 78.38% of the stock is owned by institutional investors.

Xcel Energy Stock Down 0.5 %

XEL stock opened at $72.56 on Friday. 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 52 week low of $46.79 and a 52 week high of $73.38. The stock has a market capitalization 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 firm has a 50 day moving average of $66.23 and a 200 day moving average of $60.37.

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

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on XEL shares. 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. UBS Group boosted their target price on shares of Xcel Energy from $66.00 to $67.00 and gave the company a “neutral” rating in a research note on Friday, September 20th. Wells Fargo & Company raised their price target on shares of Xcel Energy from $63.00 to $66.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 16th. Jefferies Financial Group raised shares of Xcel Energy from a “hold” rating to a “buy” rating and boosted their price objective for the company from $71.00 to $76.00 in a research report on Friday, November 1st. Finally, Argus upgraded Xcel Energy from a “hold” rating to a “buy” rating and set a $68.00 price target on the stock in a research note on Monday, August 26th. Seven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $66.62.

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.