First Western Trust Bank Purchases 916 Shares of Xcel Energy Inc. (NASDAQ:XEL)

First Western Trust Bank boosted its holdings in shares of Xcel Energy Inc. (NASDAQ:XEL) by 4.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,621 shares of the company’s stock after buying an additional 916 shares during the period. First Western Trust Bank’s holdings in Xcel Energy were worth $1,281,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of XEL. Czech National Bank boosted its position in shares of Xcel Energy by 9.1% during the 2nd quarter. Czech National Bank now owns 105,882 shares of the company’s stock valued at $5,655,000 after acquiring an additional 8,790 shares in the last quarter. Cetera Investment Advisers grew its stake in shares of Xcel Energy by 165.0% in the 1st quarter. Cetera Investment Advisers now owns 107,344 shares of the company’s stock valued at $5,770,000 after purchasing an additional 66,840 shares during the period. Envestnet Portfolio Solutions Inc. raised its holdings in shares of Xcel Energy by 21.6% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 61,167 shares of the company’s stock worth $3,267,000 after buying an additional 10,851 shares in the last quarter. Simplicity Wealth LLC lifted its position in shares of Xcel Energy by 60.3% during the 2nd quarter. Simplicity Wealth LLC now owns 22,999 shares of the company’s stock worth $1,228,000 after buying an additional 8,656 shares during the period. Finally, Raymond James & Associates boosted its stake in Xcel Energy by 83.5% in the 2nd quarter. Raymond James & Associates now owns 1,103,809 shares of the company’s stock valued at $58,954,000 after buying an additional 502,231 shares in the last quarter. Institutional investors own 78.38% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Jefferies Financial Group upgraded Xcel Energy from a “hold” rating to a “buy” rating and increased their price objective for the stock from $71.00 to $76.00 in a research note on Friday, November 1st. Barclays raised their price target on Xcel Energy from $57.00 to $67.00 and gave the company an “overweight” rating in a report on Monday, October 21st. Morgan Stanley boosted their price objective on Xcel Energy from $68.00 to $73.00 and gave the stock an “equal weight” rating in a research note on Wednesday, September 25th. KeyCorp raised their target price on Xcel Energy from $69.00 to $74.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. Finally, UBS Group upped their price target on shares of Xcel Energy from $66.00 to $67.00 and gave the stock a “neutral” rating in a research report on Friday, September 20th. Seven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $66.38.

Xcel Energy Stock Performance

Shares of Xcel Energy stock opened at $69.46 on Monday. Xcel Energy Inc. has a 52 week low of $46.79 and a 52 week high of $69.90. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.82 and a current ratio of 0.93. The stock has a market capitalization of $39.89 billion, a price-to-earnings ratio of 20.61, a PEG ratio of 2.84 and a beta of 0.38. The firm has a fifty day moving average of $64.76 and a two-hundred day moving average of $59.25.

Xcel Energy (NASDAQ:XEL) last released its quarterly earnings data on Thursday, October 31st. The company reported $1.25 EPS for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.01). Xcel Energy had a net margin of 13.67% and a return on equity of 10.76%. The company had revenue of $3.64 billion during the quarter, compared to the consensus estimate of $3.93 billion. During the same quarter in the prior year, the company posted $1.23 EPS. The company’s revenue for the quarter was down .5% compared to the same quarter last year. As a group, equities research 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.