3,150 Shares in Xcel Energy Inc. (NASDAQ:XEL) Acquired by Centric Wealth Management

Centric Wealth Management acquired a new stake in Xcel Energy Inc. (NASDAQ:XEL) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 3,150 shares of the company’s stock, valued at approximately $209,000.

Several other large investors have also recently added to or reduced their stakes in the company. Federated Hermes Inc. increased its position in Xcel Energy by 120.2% during the second quarter. Federated Hermes Inc. now owns 2,379,615 shares of the company’s stock worth $127,095,000 after acquiring an additional 1,299,025 shares during the period. American Century Companies Inc. grew its position in Xcel Energy by 130.4% during 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 in the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of Xcel Energy by 6.2% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 15,190,756 shares of the company’s stock valued at $991,956,000 after buying an additional 892,740 shares in the last quarter. Los Angeles Capital Management LLC lifted its holdings in shares of Xcel Energy by 725.1% during the 2nd quarter. Los Angeles Capital Management LLC now owns 907,030 shares of the company’s stock worth $48,444,000 after acquiring an additional 797,096 shares during the period. Finally, National Bank of Canada FI boosted its holdings in shares of Xcel Energy by 89.4% in the 2nd quarter. National Bank of Canada FI now owns 1,534,971 shares of the company’s stock valued at $80,478,000 after purchasing an additional 724,558 shares in the last quarter. Institutional investors own 78.38% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Barclays upped their price objective on Xcel Energy from $67.00 to $71.00 and gave the company an “overweight” rating in a research note on Tuesday. Morgan Stanley dropped their price target on shares of Xcel Energy from $74.00 to $72.00 and set an “equal weight” rating for the company in a research note on Friday, November 22nd. Wells Fargo & Company increased their price objective on Xcel Energy from $63.00 to $66.00 and gave the company an “equal weight” rating in a report on Wednesday, October 16th. Jefferies Financial Group upgraded Xcel Energy from a “hold” rating to a “buy” rating and increased their price target for the stock from $71.00 to $76.00 in a report on Friday, November 1st. Finally, Argus raised Xcel Energy from a “hold” rating to a “buy” rating and set a $68.00 target price for the company in a research note on Monday, August 26th. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $66.62.

Xcel Energy Price Performance

Shares of NASDAQ:XEL opened at $72.92 on Friday. The stock’s fifty day simple moving average is $66.06 and its two-hundred day simple moving average is $60.22. The stock has a market cap of $41.87 billion, a PE ratio of 21.64, a price-to-earnings-growth ratio of 2.98 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 1-year low of $46.79 and a 1-year high of $73.38.

Xcel Energy (NASDAQ:XEL) last issued 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 return on equity of 10.76% and a net margin of 13.67%. The firm had revenue of $3.64 billion during the quarter, compared to the consensus estimate of $3.93 billion. During the same period in the previous year, the company posted $1.23 earnings per share. The company’s revenue for the quarter was down .5% on a year-over-year basis. As a group, analysts forecast that Xcel Energy Inc. will post 3.54 EPS for the current fiscal 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.