First Western Trust Bank Has $1.28 Million Holdings in Xcel Energy Inc. (NASDAQ:XEL)

First Western Trust Bank raised its stake in Xcel Energy Inc. (NASDAQ:XEL) by 4.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 19,621 shares of the company’s stock after buying an additional 916 shares during the quarter. First Western Trust Bank’s holdings in Xcel Energy were worth $1,281,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in XEL. Price T Rowe Associates Inc. MD lifted its holdings in shares of Xcel Energy by 770.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 7,552,625 shares of the company’s stock valued at $405,955,000 after purchasing an additional 6,684,499 shares in the last quarter. Federated Hermes Inc. lifted its stake in Xcel Energy by 120.2% in the 2nd quarter. Federated Hermes Inc. now owns 2,379,615 shares of the company’s stock valued at $127,095,000 after acquiring an additional 1,299,025 shares in the last quarter. American Century Companies Inc. boosted its position in Xcel Energy by 130.4% during the 2nd quarter. American Century Companies Inc. now owns 2,084,345 shares of the company’s stock worth $111,325,000 after acquiring an additional 1,179,823 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Xcel Energy by 10.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,854,333 shares of the company’s stock worth $99,046,000 after acquiring an additional 174,653 shares in the last quarter. Finally, Swiss National Bank grew its stake in shares of Xcel Energy by 0.3% during the 3rd quarter. Swiss National Bank now owns 1,649,100 shares of the company’s stock worth $107,686,000 after acquiring an additional 4,500 shares in the last quarter. 78.38% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently commented on XEL shares. Morgan Stanley increased their target price 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. KeyCorp raised their price objective on Xcel Energy from $69.00 to $74.00 and gave the company an “overweight” rating in a report on Friday, November 1st. UBS Group upped their target price on Xcel Energy from $66.00 to $67.00 and gave the stock a “neutral” rating in a report on Friday, September 20th. Barclays raised their price target on Xcel Energy from $57.00 to $67.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Finally, Wells Fargo & Company upped their price objective 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 analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, Xcel Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $66.38.

Xcel Energy Price Performance

Shares of XEL opened at $69.46 on Monday. The company’s 50-day moving average is $64.76 and its 200-day moving average is $59.25. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.93 and a quick ratio of 0.82. The firm has a market capitalization of $39.89 billion, a PE ratio of 20.61, a PEG ratio of 2.84 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 $69.90.

Xcel Energy (NASDAQ:XEL) last released its quarterly earnings results on Thursday, October 31st. The company reported $1.25 earnings per share for the quarter, missing the consensus estimate 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 during the quarter, compared to the consensus estimate of $3.93 billion. During the same period in the prior year, the company earned $1.23 earnings per share. The firm’s revenue was down .5% compared to the same quarter last year. Equities analysts forecast that Xcel Energy Inc. will post 3.55 EPS for the current year.

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.