Xcel Energy Inc. (NASDAQ:XEL) Shares Sold by Aspen Wealth Strategies LLC

Aspen Wealth Strategies LLC decreased its position in shares of Xcel Energy Inc. (NASDAQ:XEL) by 2.0% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 13,328 shares of the company’s stock after selling 275 shares during the quarter. Xcel Energy comprises 0.6% of Aspen Wealth Strategies LLC’s holdings, making the stock its 26th biggest position. Aspen Wealth Strategies LLC’s holdings in Xcel Energy were worth $870,000 as of its most recent filing with the Securities & Exchange Commission.

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

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on XEL shares. 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. Wells Fargo & Company upped their price target on Xcel Energy from $63.00 to $66.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 16th. Morgan Stanley lifted their price objective on Xcel Energy from $68.00 to $73.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 25th. KeyCorp upped their target price on Xcel Energy from $66.00 to $69.00 and gave the company an “overweight” rating in a report on Monday, September 30th. Finally, Barclays lifted their price target on Xcel Energy from $57.00 to $67.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. Eight research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $65.54.

Xcel Energy Stock Up 6.0 %

Shares of XEL opened at $66.81 on Friday. The firm has a market cap of $37.25 billion, a PE ratio of 19.94, a price-to-earnings-growth ratio of 2.77 and a beta of 0.39. The company has a quick ratio of 0.86, a current ratio of 0.97 and a debt-to-equity ratio of 1.54. The company’s fifty day moving average is $63.48 and its two-hundred day moving average is $58.16. Xcel Energy Inc. has a fifty-two week low of $46.79 and a fifty-two week high of $67.73.

Xcel Energy (NASDAQ:XEL) last posted its earnings results on Thursday, August 1st. The company reported $0.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.03). Xcel Energy had a return on equity of 10.94% and a net margin of 13.46%. The business had revenue of $3.03 billion for the quarter, compared to analyst estimates of $3.29 billion. During the same period last year, the company posted $0.52 EPS. The firm’s revenue for the quarter was up .2% compared to the same quarter last year. Analysts forecast that Xcel Energy Inc. will post 3.55 earnings per share 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.