Apollon Wealth Management LLC Has $1.88 Million Position in Xcel Energy Inc. (NASDAQ:XEL)

Apollon Wealth Management LLC lifted its holdings in shares of Xcel Energy Inc. (NASDAQ:XEL) by 196.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 28,768 shares of the company’s stock after purchasing an additional 19,054 shares during the period. Apollon Wealth Management LLC’s holdings in Xcel Energy were worth $1,879,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in XEL. Avantax Advisory Services Inc. lifted its stake in shares of Xcel Energy by 1.3% during the first quarter. Avantax Advisory Services Inc. now owns 16,054 shares of the company’s stock valued at $863,000 after acquiring an additional 212 shares during the period. State Board of Administration of Florida Retirement System lifted its holdings in Xcel Energy by 4.2% during the first quarter. State Board of Administration of Florida Retirement System now owns 622,975 shares of the company’s stock worth $33,485,000 after acquiring an additional 25,119 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of Xcel Energy by 15.9% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 691,665 shares of the company’s stock valued at $37,177,000 after purchasing an additional 94,997 shares in the last quarter. Dorsey & Whitney Trust CO LLC lifted its position in Xcel Energy by 10.9% in the 1st quarter. Dorsey & Whitney Trust CO LLC now owns 17,594 shares of the company’s stock valued at $946,000 after acquiring an additional 1,727 shares in the last quarter. Finally, Jupiter Asset Management Ltd. acquired a new stake in Xcel Energy in the 1st quarter valued at approximately $80,283,000. Institutional investors own 78.38% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on XEL. KeyCorp increased their price objective on Xcel Energy from $69.00 to $74.00 and gave the company an “overweight” rating in a report on Friday, November 1st. Morgan Stanley increased their target price on shares of Xcel Energy from $68.00 to $73.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 25th. Barclays raised their target price on shares of Xcel Energy from $57.00 to $67.00 and gave the company an “overweight” rating in a report on Monday, October 21st. Jefferies Financial Group raised Xcel Energy from a “hold” rating to a “buy” rating and raised their price objective for the company from $71.00 to $76.00 in a research note on Friday, November 1st. Finally, Wells Fargo & Company increased their price target on 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 investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $66.38.

Xcel Energy Price Performance

Shares of Xcel Energy stock opened at $68.65 on Thursday. Xcel Energy Inc. has a 12 month low of $46.79 and a 12 month high of $69.35. The company has a current ratio of 0.93, a quick ratio of 0.82 and a debt-to-equity ratio of 1.42. The business’s 50-day moving average price is $64.41 and its 200-day moving average price is $58.94. The firm has a market capitalization of $39.42 billion, a PE ratio of 20.37, a price-to-earnings-growth ratio of 2.80 and a beta of 0.38.

Xcel Energy (NASDAQ:XEL) last issued its quarterly earnings data on Thursday, October 31st. The company reported $1.25 EPS for the quarter, missing the consensus estimate of $1.26 by ($0.01). Xcel Energy had a return on equity of 10.76% and a net margin of 13.67%. The company had revenue of $3.64 billion during the quarter, compared to the consensus estimate of $3.93 billion. During the same quarter last year, the company posted $1.23 earnings per share. The firm’s revenue for the quarter was down .5% compared to the same quarter last year. Sell-side analysts forecast that Xcel Energy Inc. will post 3.55 EPS 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.