Xcel Energy Inc. (NASDAQ:XEL) Shares Purchased by Aptus Capital Advisors LLC

Aptus Capital Advisors LLC grew its stake in shares of Xcel Energy Inc. (NASDAQ:XEL) by 9.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,649 shares of the company’s stock after purchasing an additional 1,008 shares during the quarter. Aptus Capital Advisors LLC’s holdings in Xcel Energy were worth $761,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Integris Wealth Management LLC grew its position in shares of Xcel Energy by 2.7% in the 3rd quarter. Integris Wealth Management LLC now owns 6,163 shares of the company’s stock valued at $402,000 after buying an additional 163 shares during the last quarter. Bond & Devick Financial Network Inc. increased its position in shares of Xcel Energy by 1.1% during the third quarter. Bond & Devick Financial Network Inc. now owns 15,972 shares of the company’s stock worth $1,043,000 after purchasing an additional 168 shares in the last quarter. Gateway Wealth Partners LLC increased its position in shares of Xcel Energy by 4.3% during the second quarter. Gateway Wealth Partners LLC now owns 4,413 shares of the company’s stock worth $236,000 after purchasing an additional 182 shares in the last quarter. Sumitomo Life Insurance Co. lifted its holdings in shares of Xcel Energy by 2.9% in the 3rd quarter. Sumitomo Life Insurance Co. now owns 6,591 shares of the company’s stock valued at $430,000 after purchasing an additional 183 shares during the last quarter. Finally, Dakota Wealth Management boosted its position in shares of Xcel Energy by 0.9% in the 3rd quarter. Dakota Wealth Management now owns 22,979 shares of the company’s stock valued at $1,500,000 after purchasing an additional 205 shares during the period. Hedge funds and other institutional investors own 78.38% of the company’s stock.

Xcel Energy Trading Up 0.4 %

NASDAQ:XEL opened at $68.91 on Friday. Xcel Energy Inc. has a 1 year low of $46.79 and a 1 year high of $69.53. The stock has a market capitalization of $39.57 billion, a price-to-earnings ratio of 20.45, a PEG ratio of 2.80 and a beta of 0.38. The stock has a fifty day moving average price of $64.52 and a two-hundred day moving average price of $59.00. 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 released its quarterly earnings results on Thursday, October 31st. The company reported $1.25 earnings per share (EPS) for the quarter, missing the consensus estimate 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 return on equity of 10.76% and a net margin of 13.67%. Xcel Energy’s revenue for the quarter was down .5% on a year-over-year basis. During the same period in the prior year, the business earned $1.23 earnings per share. As a group, sell-side analysts anticipate that Xcel Energy Inc. will post 3.55 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on XEL shares. KeyCorp boosted their price objective on Xcel Energy from $69.00 to $74.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. UBS Group upped their price target on shares of Xcel Energy from $66.00 to $67.00 and gave the company a “neutral” rating in a research report on Friday, September 20th. Barclays raised their price objective on shares of Xcel Energy from $57.00 to $67.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. Wells Fargo & Company upped their target price on shares of Xcel Energy from $63.00 to $66.00 and gave the company an “equal weight” rating in a report on Wednesday, October 16th. Finally, Jefferies Financial Group raised Xcel Energy from a “hold” rating to a “buy” rating and raised their price target for the stock from $71.00 to $76.00 in a report on Friday, November 1st. Seven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $66.38.

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.