Xcel Energy Inc. (NASDAQ:XEL) Shares Purchased by LRI Investments LLC

LRI Investments LLC grew its holdings in shares of Xcel Energy Inc. (NASDAQ:XEL) by 5.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,037 shares of the company’s stock after purchasing an additional 170 shares during the period. LRI Investments LLC’s holdings in Xcel Energy were worth $209,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Public Employees Retirement System of Ohio boosted its position in Xcel Energy by 13.0% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 247,997 shares of the company’s stock valued at $16,194,000 after purchasing an additional 28,508 shares during the period. Nomura Asset Management Co. Ltd. boosted its holdings in shares of Xcel Energy by 7.0% during the third quarter. Nomura Asset Management Co. Ltd. now owns 189,954 shares of the company’s stock valued at $12,404,000 after acquiring an additional 12,477 shares during the period. Hodges Capital Management Inc. acquired a new stake in shares of Xcel Energy in the 3rd quarter worth about $613,000. Dean Investment Associates LLC lifted its position in Xcel Energy by 40.9% in the 3rd quarter. Dean Investment Associates LLC now owns 130,572 shares of the company’s stock valued at $8,526,000 after purchasing an additional 37,930 shares during the last quarter. Finally, Delos Wealth Advisors LLC boosted its stake in Xcel Energy by 3,900.0% during the 3rd quarter. Delos Wealth Advisors LLC now owns 1,200 shares of the company’s stock valued at $78,000 after purchasing an additional 1,170 shares during the period. 78.38% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on XEL. KeyCorp lifted their price target on Xcel Energy from $74.00 to $79.00 and gave the company an “overweight” rating in a report on Wednesday, December 4th. Argus upgraded Xcel Energy from a “hold” rating to a “buy” rating and set a $68.00 price target for the company in a research report on Monday, August 26th. UBS Group raised their price target on Xcel Energy from $66.00 to $67.00 and gave the company a “neutral” rating in a report on Friday, September 20th. Barclays upped their price objective on shares of Xcel Energy from $67.00 to $71.00 and gave the stock an “overweight” rating in a report on Tuesday, November 26th. Finally, Wells Fargo & Company raised their target price 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. Seven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $67.00.

Xcel Energy Trading Up 0.1 %

Xcel Energy stock opened at $69.15 on Wednesday. The firm has a market cap of $39.71 billion, a price-to-earnings ratio of 20.52, a price-to-earnings-growth ratio of 2.86 and a beta of 0.41. Xcel Energy Inc. has a 1 year low of $46.79 and a 1 year high of $73.38. The firm’s 50 day moving average price is $66.96 and its two-hundred day moving average price is $61.03. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.82 and a current ratio of 0.93.

Xcel Energy (NASDAQ:XEL) last issued its earnings results 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). The company had revenue of $3.64 billion during the quarter, compared to analyst estimates of $3.93 billion. Xcel Energy had a return on equity of 10.76% and a net margin of 13.67%. The business’s revenue was down .5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.23 earnings per share. On average, research analysts predict that Xcel Energy Inc. will post 3.54 EPS 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.