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

Aspen Wealth Strategies LLC trimmed its holdings in Xcel Energy Inc. (NASDAQ:XEL) by 2.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 13,328 shares of the company’s stock after selling 275 shares during the period. Xcel Energy makes up about 0.6% of Aspen Wealth Strategies LLC’s holdings, making the stock its 26th largest holding. Aspen Wealth Strategies LLC’s holdings in Xcel Energy were worth $870,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in XEL. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in shares of Xcel Energy by 2.4% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,625,530 shares of the company’s stock worth $87,372,000 after acquiring an additional 38,653 shares during the last quarter. Norden Group LLC acquired a new position in Xcel Energy during the first quarter worth $3,584,000. Maryland State Retirement & Pension System boosted its position in shares of Xcel Energy by 2.8% during the first quarter. Maryland State Retirement & Pension System now owns 43,243 shares of the company’s stock worth $2,282,000 after buying an additional 1,169 shares during the period. SpiderRock Advisors LLC acquired a new stake in shares of Xcel Energy in the first quarter valued at $201,000. Finally, Van ECK Associates Corp raised its holdings in shares of Xcel Energy by 4.6% in the 1st quarter. Van ECK Associates Corp now owns 138,796 shares of the company’s stock valued at $7,460,000 after buying an additional 6,068 shares during the period. Institutional investors and hedge funds own 78.38% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Wells Fargo & Company lifted their target price on Xcel Energy from $63.00 to $66.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 16th. Morgan Stanley lifted their price objective on shares of Xcel Energy from $68.00 to $73.00 and gave the company an “equal weight” rating in a report on Wednesday, September 25th. UBS Group increased their target price on shares of Xcel Energy from $66.00 to $67.00 and gave the stock a “neutral” rating in a report on Friday, September 20th. Jefferies Financial Group started coverage on Xcel Energy in a research note on Thursday, September 19th. They issued a “hold” rating and a $70.00 price objective on the stock. Finally, KeyCorp boosted their target price on Xcel Energy from $66.00 to $69.00 and gave the stock an “overweight” rating in a research note on Monday, September 30th. Eight research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $65.54.

Xcel Energy Price Performance

XEL stock opened at $66.81 on Friday. The business has a 50 day moving average price of $63.48 and a 200 day moving average price of $58.16. 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 stock has a market cap of $37.25 billion, a price-to-earnings ratio of 19.94, a PEG ratio of 2.77 and a beta of 0.39. 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 released its quarterly earnings data on Thursday, August 1st. The company reported $0.54 earnings per share 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 company had revenue of $3.03 billion for the quarter, compared to analyst estimates of $3.29 billion. During the same period in the previous year, the business posted $0.52 EPS. The firm’s revenue for the quarter was up .2% compared to the same quarter last year. Equities research analysts anticipate that Xcel Energy Inc. will post 3.55 earnings per share for the current fiscal 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.