9,722 Shares in Xcel Energy Inc. (NASDAQ:XEL) Purchased by CWA Asset Management Group LLC

CWA Asset Management Group LLC acquired a new position in shares of Xcel Energy Inc. (NASDAQ:XEL) in the third quarter, according to its most recent disclosure with the SEC. The firm acquired 9,722 shares of the company’s stock, valued at approximately $635,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. TruNorth Capital Management LLC acquired a new stake in shares of Xcel Energy during the second quarter worth $30,000. American National Bank acquired a new stake in shares of Xcel Energy in the 2nd quarter worth $32,000. Kimelman & Baird LLC purchased a new stake in shares of Xcel Energy in the second quarter valued at about $35,000. West Financial Advisors LLC acquired a new position in shares of Xcel Energy during the third quarter worth about $43,000. Finally, Rothschild Investment LLC acquired a new position in shares of Xcel Energy during the second quarter worth about $37,000. 78.38% of the stock is currently owned by hedge funds and other institutional investors.

Xcel Energy Stock Performance

NASDAQ XEL opened at $68.65 on Tuesday. 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 stock has a market cap of $39.42 billion, a price-to-earnings ratio of 19.99, a price-to-earnings-growth ratio of 2.75 and a beta of 0.38. Xcel Energy Inc. has a fifty-two week low of $46.79 and a fifty-two week high of $68.82. The business has a fifty day moving average of $64.14 and a 200-day moving average of $58.74.

Xcel Energy (NASDAQ:XEL) last released its quarterly 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). The firm 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%. Xcel Energy’s revenue for the quarter was down .5% on a year-over-year basis. During the same period in the prior year, the business earned $1.23 earnings per share. As a group, analysts predict that Xcel Energy Inc. will post 3.55 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Barclays lifted their price objective on Xcel Energy from $57.00 to $67.00 and gave the company an “overweight” rating in a report on Monday, October 21st. Wells Fargo & Company raised their target price on Xcel Energy from $63.00 to $66.00 and gave the company an “equal weight” rating in a report on Wednesday, October 16th. UBS Group boosted their target price on shares of Xcel Energy from $66.00 to $67.00 and gave the stock a “neutral” rating in a research report on Friday, September 20th. Argus upgraded shares of Xcel Energy from a “hold” rating to a “buy” rating and set a $68.00 price target for the company in a report on Monday, August 26th. Finally, Morgan Stanley boosted their price objective on shares of Xcel Energy from $68.00 to $73.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 25th. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, Xcel Energy presently has an average rating of “Moderate Buy” and a consensus 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.