Prospera Private Wealth LLC Acquires 2,847 Shares of Xcel Energy Inc. (NASDAQ:XEL)

Prospera Private Wealth LLC increased its holdings in shares of Xcel Energy Inc. (NASDAQ:XEL) by 21.0% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 16,426 shares of the company’s stock after purchasing an additional 2,847 shares during the quarter. Prospera Private Wealth LLC’s holdings in Xcel Energy were worth $1,073,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of XEL. Ashton Thomas Securities LLC acquired a new position in Xcel Energy during the 3rd quarter worth approximately $25,000. Transcendent Capital Group LLC bought a new stake in shares of Xcel Energy in the third quarter worth $33,000. TruNorth Capital Management LLC acquired a new position in Xcel Energy during the second quarter worth $30,000. American National Bank acquired a new stake in Xcel Energy in the 2nd quarter valued at $32,000. Finally, Kimelman & Baird LLC acquired a new stake in shares of Xcel Energy in the second quarter valued at about $35,000. 78.38% of the stock is currently owned by institutional investors and hedge funds.

Xcel Energy Stock Performance

Shares of NASDAQ:XEL opened at $69.57 on Wednesday. The company’s 50 day simple moving average is $65.00 and its 200 day simple moving average is $59.47. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.93 and a quick ratio of 0.82. Xcel Energy Inc. has a 1 year low of $46.79 and a 1 year high of $70.42. The stock has a market capitalization of $39.95 billion, a price-to-earnings ratio of 20.64, a price-to-earnings-growth ratio of 2.84 and a beta of 0.38.

Xcel Energy (NASDAQ:XEL) last announced its quarterly earnings data on Thursday, October 31st. The company reported $1.25 earnings per share for the quarter, missing the consensus estimate of $1.26 by ($0.01). The business had revenue of $3.64 billion for the quarter, compared to the consensus estimate of $3.93 billion. Xcel Energy had a return on equity of 10.76% and a net margin of 13.67%. Xcel Energy’s quarterly revenue was down .5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.23 earnings per share. As a group, research analysts predict that Xcel Energy Inc. will post 3.55 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have weighed in on XEL. Morgan Stanley boosted their price target on Xcel Energy from $68.00 to $73.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 25th. KeyCorp increased their price target on Xcel Energy from $69.00 to $74.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. Wells Fargo & Company raised their price target on Xcel Energy from $63.00 to $66.00 and gave the company an “equal weight” rating in a report on Wednesday, October 16th. UBS Group upped their price objective on shares of Xcel Energy from $66.00 to $67.00 and gave the company a “neutral” rating in a report on Friday, September 20th. Finally, Argus upgraded shares of Xcel Energy from a “hold” rating to a “buy” rating and set a $68.00 target price for the company in a research note on Monday, August 26th. Seven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $66.38.

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.