Xcel Energy Inc. $XEL Shares Sold by True Wealth Design LLC

True Wealth Design LLC decreased its stake in shares of Xcel Energy Inc. (NASDAQ:XEL) by 53.3% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 952 shares of the company’s stock after selling 1,085 shares during the quarter. True Wealth Design LLC’s holdings in Xcel Energy were worth $65,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Bessemer Group Inc. increased its stake in shares of Xcel Energy by 0.9% in the 2nd quarter. Bessemer Group Inc. now owns 16,074 shares of the company’s stock worth $1,094,000 after acquiring an additional 144 shares during the last quarter. Catalyst Capital Advisors LLC grew its holdings in shares of Xcel Energy by 7.2% in the second quarter. Catalyst Capital Advisors LLC now owns 2,169 shares of the company’s stock valued at $148,000 after purchasing an additional 145 shares during the period. LCM Capital Management Inc increased its position in Xcel Energy by 4.3% during the second quarter. LCM Capital Management Inc now owns 3,572 shares of the company’s stock worth $243,000 after purchasing an additional 147 shares during the last quarter. Blair William & Co. IL increased its position in Xcel Energy by 0.4% during the second quarter. Blair William & Co. IL now owns 38,183 shares of the company’s stock worth $2,600,000 after purchasing an additional 151 shares during the last quarter. Finally, LRI Investments LLC raised its stake in Xcel Energy by 8.7% during the second quarter. LRI Investments LLC now owns 2,068 shares of the company’s stock worth $141,000 after purchasing an additional 165 shares during the period. 78.38% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have weighed in on XEL. KeyCorp boosted their target price on shares of Xcel Energy from $79.00 to $85.00 and gave the company an “overweight” rating in a report on Wednesday, October 15th. BMO Capital Markets lifted their price target on shares of Xcel Energy from $84.00 to $87.00 and gave the company an “outperform” rating in a research report on Wednesday, October 15th. Cowen initiated coverage on Xcel Energy in a report on Wednesday, October 15th. They issued a “buy” rating on the stock. Bank of America increased their price objective on Xcel Energy from $78.00 to $84.00 and gave the stock a “buy” rating in a research report on Thursday, September 25th. Finally, Barclays lifted their target price on Xcel Energy from $83.00 to $85.00 and gave the company an “overweight” rating in a research report on Wednesday. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, Xcel Energy currently has a consensus rating of “Buy” and a consensus target price of $87.29.

Xcel Energy Stock Up 0.5%

Shares of NASDAQ XEL opened at $80.91 on Friday. The firm has a market cap of $47.86 billion, a price-to-earnings ratio of 22.41, a PEG ratio of 2.81 and a beta of 0.38. The company has a quick ratio of 0.85, a current ratio of 0.96 and a debt-to-equity ratio of 1.48. Xcel Energy Inc. has a 52-week low of $62.58 and a 52-week high of $83.01. The business’s 50 day moving average is $77.80 and its two-hundred day moving average is $72.92.

Xcel Energy (NASDAQ:XEL) last released its quarterly earnings results 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 in the prior year, the business earned $1.25 earnings per share. The company’s quarterly revenue was up 7.4% on a year-over-year basis. Research analysts predict that Xcel Energy Inc. will post 3.82 EPS 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.