Prospera Private Wealth LLC Acquires 2,847 Shares of Xcel Energy Inc. (NASDAQ:XEL)

Prospera Private Wealth LLC boosted its holdings in shares of Xcel Energy Inc. (NASDAQ:XEL) by 21.0% during the third quarter, HoldingsChannel reports. The fund owned 16,426 shares of the company’s stock after purchasing an additional 2,847 shares during the quarter. Prospera Private Wealth LLC’s holdings in Xcel Energy were worth $1,073,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD raised its position in shares of Xcel Energy by 770.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 7,552,625 shares of the company’s stock worth $405,955,000 after acquiring an additional 6,684,499 shares in the last quarter. Federated Hermes Inc. lifted its stake in shares of Xcel Energy by 120.2% in the second quarter. Federated Hermes Inc. now owns 2,379,615 shares of the company’s stock valued at $127,095,000 after buying an additional 1,299,025 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of Xcel Energy by 130.4% during the second quarter. American Century Companies Inc. now owns 2,084,345 shares of the company’s stock valued at $111,325,000 after buying an additional 1,179,823 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Xcel Energy by 10.4% during the second 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 raised its holdings in shares of Xcel Energy by 0.3% in 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 during the last quarter. 78.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on XEL shares. Wells Fargo & Company boosted their target price 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. Argus raised Xcel Energy from a “hold” rating to a “buy” rating and set a $68.00 price objective for the company in a report on Monday, August 26th. 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 report on Friday, November 1st. KeyCorp raised their price objective on shares of Xcel Energy from $69.00 to $74.00 and gave the stock an “overweight” rating in a report on Friday, November 1st. Finally, UBS Group lifted their target price on Xcel Energy from $66.00 to $67.00 and gave the company a “neutral” rating in a report on Friday, September 20th. Seven analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $66.38.

Xcel Energy Price Performance

XEL opened at $69.57 on Wednesday. Xcel Energy Inc. has a 12-month low of $46.79 and a 12-month high of $70.42. The company has a market cap of $39.95 billion, a price-to-earnings ratio of 20.64, a price-to-earnings-growth ratio of 2.84 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. The stock has a fifty day simple moving average of $65.00 and a two-hundred day simple moving average of $59.47.

Xcel Energy (NASDAQ:XEL) last announced its quarterly earnings data on Thursday, October 31st. The company reported $1.25 earnings per share 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 business had revenue of $3.64 billion during the quarter, compared to analysts’ expectations of $3.93 billion. During the same quarter last year, the company posted $1.23 EPS. Xcel Energy’s revenue for the quarter was down .5% compared to the same quarter last year. Research analysts predict that Xcel Energy Inc. will post 3.55 earnings per share for the current fiscal year.

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.