Xcel Energy Inc. (NASDAQ:XEL) Shares Bought by Stiles Financial Services Inc

Stiles Financial Services Inc boosted its stake in shares of Xcel Energy Inc. (NASDAQ:XEL) by 2.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 50,789 shares of the company’s stock after buying an additional 1,085 shares during the quarter. Xcel Energy accounts for approximately 1.2% of Stiles Financial Services Inc’s portfolio, making the stock its 22nd largest holding. Stiles Financial Services Inc’s holdings in Xcel Energy were worth $3,316,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. TruNorth Capital Management LLC acquired a new stake in shares of Xcel Energy in the second quarter valued at approximately $30,000. American National Bank acquired a new stake in shares of Xcel Energy in the second quarter valued at approximately $32,000. Kimelman & Baird LLC acquired a new stake in shares of Xcel Energy in the second quarter valued at approximately $35,000. Rothschild Investment LLC acquired a new stake in shares of Xcel Energy in the second quarter valued at approximately $37,000. Finally, Voisard Asset Management Group Inc. acquired a new stake in shares of Xcel Energy in the second quarter valued at approximately $43,000. 78.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Morgan Stanley upped their price objective on shares of Xcel Energy from $68.00 to $73.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 25th. UBS Group upped their price objective on shares of Xcel Energy from $66.00 to $67.00 and gave the company a “neutral” rating in a research note on Friday, September 20th. 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. 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. Finally, KeyCorp upped their price objective on shares of Xcel Energy from $69.00 to $74.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. Seven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $66.38.

Xcel Energy Price Performance

Xcel Energy stock opened at $66.34 on Friday. The firm has a fifty day moving average of $63.92 and a 200-day moving average of $58.55. The firm has a market capitalization of $38.10 billion, a P/E ratio of 19.64, a PEG ratio of 2.69 and a beta of 0.38. Xcel Energy Inc. has a 52-week low of $46.79 and a 52-week high of $68.36. The company has a quick ratio of 0.82, a current ratio of 0.93 and a debt-to-equity ratio of 1.42.

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 analysts’ consensus estimates of $1.26 by ($0.01). The firm had revenue of $3.64 billion for the quarter, compared to analyst estimates of $3.93 billion. Xcel Energy had a net margin of 13.67% and a return on equity of 10.76%. Xcel Energy’s revenue for the quarter was down .5% on a year-over-year basis. During the same period in the previous year, the business posted $1.23 earnings per share. As a group, analysts predict that Xcel Energy Inc. will post 3.55 EPS 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.