Xcel Energy Inc. (NASDAQ:XEL) Shares Acquired by Aptus Capital Advisors LLC

Aptus Capital Advisors LLC increased its position in shares of Xcel Energy Inc. (NASDAQ:XEL) by 9.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,649 shares of the company’s stock after acquiring an additional 1,008 shares during the quarter. Aptus Capital Advisors LLC’s holdings in Xcel Energy were worth $761,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Ashton Thomas Securities LLC purchased a new position in Xcel Energy during the third quarter worth about $25,000. TruNorth Capital Management LLC acquired a new stake in shares of Xcel Energy during the 2nd quarter worth approximately $30,000. American National Bank purchased a new stake in shares of Xcel Energy during the 2nd quarter valued at approximately $32,000. Transcendent Capital Group LLC acquired a new position in Xcel Energy in the third quarter valued at approximately $33,000. Finally, Kimelman & Baird LLC purchased a new position in Xcel Energy in the second quarter worth approximately $35,000. Institutional investors and hedge funds own 78.38% of the company’s stock.

Analysts Set New Price Targets

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

Xcel Energy Price Performance

Shares of NASDAQ XEL opened at $68.91 on Friday. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.93 and a quick ratio of 0.82. The company has a market cap of $39.57 billion, a price-to-earnings ratio of 20.45, a price-to-earnings-growth ratio of 2.80 and a beta of 0.38. The stock’s 50-day moving average is $64.52 and its two-hundred day moving average is $59.00. Xcel Energy Inc. has a 1-year low of $46.79 and a 1-year high of $69.53.

Xcel Energy (NASDAQ:XEL) last issued its earnings results 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). Xcel Energy had a net margin of 13.67% and a return on equity of 10.76%. The firm had revenue of $3.64 billion during the quarter, compared to analyst estimates of $3.93 billion. During the same period last year, the business earned $1.23 EPS. The firm’s revenue was down .5% compared to the same quarter last year. Analysts forecast that Xcel Energy Inc. will post 3.55 EPS for the current fiscal year.

Xcel Energy Company 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.