Xcel Energy Inc. (NASDAQ:XEL) Shares Acquired by Cahill Financial Advisors Inc.

Cahill Financial Advisors Inc. lifted its holdings in Xcel Energy Inc. (NASDAQ:XEL) by 6.8% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 10,004 shares of the company’s stock after purchasing an additional 635 shares during the period. Cahill Financial Advisors Inc.’s holdings in Xcel Energy were worth $653,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in XEL. Federated Hermes Inc. lifted its stake in Xcel Energy by 120.2% in the second quarter. Federated Hermes Inc. now owns 2,379,615 shares of the company’s stock worth $127,095,000 after acquiring an additional 1,299,025 shares during the last quarter. American Century Companies Inc. grew its stake in shares of Xcel Energy by 130.4% during the second quarter. American Century Companies Inc. now owns 2,084,345 shares of the company’s stock worth $111,325,000 after purchasing an additional 1,179,823 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in Xcel Energy by 6.2% in the third quarter. Massachusetts Financial Services Co. MA now owns 15,190,756 shares of the company’s stock valued at $991,956,000 after buying an additional 892,740 shares during the last quarter. Zimmer Partners LP raised its stake in Xcel Energy by 1,765.0% in the first quarter. Zimmer Partners LP now owns 932,505 shares of the company’s stock valued at $50,122,000 after buying an additional 882,505 shares in the last quarter. Finally, Los Angeles Capital Management LLC lifted its holdings in Xcel Energy by 725.1% during the 2nd quarter. Los Angeles Capital Management LLC now owns 907,030 shares of the company’s stock worth $48,444,000 after buying an additional 797,096 shares during the last quarter. 78.38% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on XEL shares. Barclays upped 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. Morgan Stanley decreased their target price on shares of Xcel Energy from $74.00 to $72.00 and set an “equal weight” rating for the company in a research note on Friday. UBS Group lifted their price target on shares of Xcel Energy from $66.00 to $67.00 and gave the stock a “neutral” rating in a research note on Friday, September 20th. Argus upgraded 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. Finally, Wells Fargo & Company boosted 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. Seven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, Xcel Energy currently has an average rating of “Moderate Buy” and an average price target of $66.31.

Xcel Energy Stock Performance

Shares of XEL opened at $71.35 on Monday. The firm has a 50-day moving average of $65.42 and a 200-day moving average of $59.82. Xcel Energy Inc. has a one year low of $46.79 and a one year high of $71.79. The company has a market cap of $40.97 billion, a PE ratio of 21.17, a price-to-earnings-growth ratio of 2.92 and a beta of 0.38. 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 (NASDAQ:XEL) last posted its earnings results on Thursday, October 31st. The company reported $1.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.01). The company 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%. The business’s quarterly revenue was down .5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.23 EPS. As a group, equities analysts forecast that Xcel Energy Inc. will post 3.54 earnings per share for the current 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.