Cahill Financial Advisors Inc. Buys 635 Shares of Xcel Energy Inc. (NASDAQ:XEL)

Cahill Financial Advisors Inc. boosted its holdings in shares of Xcel Energy Inc. (NASDAQ:XEL) by 6.8% during the third quarter, HoldingsChannel reports. The fund owned 10,004 shares of the company’s stock after purchasing an additional 635 shares during the quarter. Cahill Financial Advisors Inc.’s holdings in Xcel Energy were worth $653,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in XEL. BOKF NA grew its holdings in Xcel Energy by 18.2% during the 1st quarter. BOKF NA now owns 24,678 shares of the company’s stock worth $1,315,000 after acquiring an additional 3,806 shares during the last quarter. Tidal Investments LLC boosted its stake in shares of Xcel Energy by 4.4% in the 1st quarter. Tidal Investments LLC now owns 28,641 shares of the company’s stock valued at $1,539,000 after purchasing an additional 1,202 shares during the last quarter. LBP AM SA boosted its stake in shares of Xcel Energy by 1,137.6% in the 1st quarter. LBP AM SA now owns 89,661 shares of the company’s stock valued at $4,819,000 after purchasing an additional 82,416 shares during the last quarter. Zimmer Partners LP boosted its stake in shares of Xcel Energy by 1,765.0% in the 1st quarter. Zimmer Partners LP now owns 932,505 shares of the company’s stock valued at $50,122,000 after purchasing an additional 882,505 shares during the last quarter. Finally, Virtu Financial LLC bought a new stake in shares of Xcel Energy in the 1st quarter valued at $994,000. 78.38% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on XEL. Wells Fargo & Company upped their price objective on shares of Xcel Energy from $63.00 to $66.00 and gave the company 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 upped their price objective for the company from $71.00 to $76.00 in a research note on Friday, November 1st. Argus upgraded shares of Xcel Energy from a “hold” rating to a “buy” rating and set a $68.00 target price on the stock in a research report on Monday, August 26th. Morgan Stanley dropped their target price on shares of Xcel Energy from $74.00 to $72.00 and set an “equal weight” rating on the stock in a research report on Friday. Finally, KeyCorp boosted their target price on shares of Xcel Energy from $69.00 to $74.00 and gave the company an “overweight” rating in a research report 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 stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $66.31.

Xcel Energy Trading Down 0.0 %

Shares of XEL opened at $71.35 on Monday. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.82 and a current ratio of 0.93. Xcel Energy Inc. has a fifty-two week low of $46.79 and a fifty-two week high of $71.79. The firm has a 50 day moving average price of $65.42 and a 200-day moving average price of $59.82. The firm has a market cap of $40.97 billion, a price-to-earnings ratio of 21.17, a PEG ratio of 2.92 and a beta of 0.38.

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

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.