Cornercap Investment Counsel Inc. Acquires Shares of 20,230 Xcel Energy Inc. $XEL

Cornercap Investment Counsel Inc. acquired a new stake in shares of Xcel Energy Inc. (NASDAQ:XEL) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 20,230 shares of the company’s stock, valued at approximately $1,378,000.

Other institutional investors have also modified their holdings of the company. Accent Capital Management LLC purchased a new position in shares of Xcel Energy during the 1st quarter valued at about $29,000. BankPlus Trust Department purchased a new position in shares of Xcel Energy during the 1st quarter valued at about $34,000. Rise Advisors LLC raised its stake in shares of Xcel Energy by 62.9% during the 2nd quarter. Rise Advisors LLC now owns 518 shares of the company’s stock valued at $35,000 after buying an additional 200 shares during the last quarter. Marshall & Sullivan Inc. WA purchased a new position in shares of Xcel Energy during the 2nd quarter valued at about $44,000. Finally, RMG Wealth Management LLC purchased a new position in shares of Xcel Energy in the 2nd quarter valued at about $46,000. Hedge funds and other institutional investors own 78.38% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on XEL. Morgan Stanley set a $86.00 price target on Xcel Energy and gave the company an “outperform” rating in a research note on Wednesday, October 22nd. KeyCorp lifted their price target on Xcel Energy from $79.00 to $85.00 and gave the company an “overweight” rating in a research note on Wednesday, October 15th. Barclays lifted their price target on Xcel Energy from $83.00 to $85.00 and gave the company an “overweight” rating in a research note on Wednesday. BTIG Research upgraded Xcel Energy to a “strong-buy” rating in a research note on Wednesday, October 22nd. Finally, Jefferies Financial Group lifted their price target on Xcel Energy from $84.00 to $92.00 and gave the company a “buy” rating in a research note on Thursday, October 16th. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $87.29.

Xcel Energy Price Performance

NASDAQ:XEL opened at $81.19 on Thursday. Xcel Energy Inc. has a 12 month low of $62.58 and a 12 month high of $83.01. The stock has a 50 day moving average of $77.47 and a two-hundred day moving average of $72.77. The company has a current ratio of 0.96, a quick ratio of 0.85 and a debt-to-equity ratio of 1.48. The firm has a market cap of $48.02 billion, a P/E ratio of 22.49, a price-to-earnings-growth ratio of 2.81 and a beta of 0.38.

Xcel Energy (NASDAQ:XEL) last posted its quarterly earnings data on Thursday, October 30th. The company reported $1.24 EPS for the quarter, missing the consensus estimate of $1.32 by ($0.08). Xcel Energy had a return on equity of 10.52% and a net margin of 14.85%.The firm had revenue of $3.92 billion for the quarter, compared to analysts’ expectations of $3.89 billion. During the same quarter last year, the firm posted $1.25 earnings per share. Xcel Energy’s quarterly revenue was up 7.4% on a year-over-year basis. On average, analysts expect that Xcel Energy Inc. will post 3.82 earnings per share 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.