Copley Financial Group Inc. Cuts Stock Holdings in Xcel Energy Inc. $XEL

Copley Financial Group Inc. lessened its holdings in Xcel Energy Inc. (NASDAQ:XEL) by 10.3% in the 2nd quarter, Holdings Channel.com reports. The firm owned 6,238 shares of the company’s stock after selling 714 shares during the quarter. Copley Financial Group Inc.’s holdings in Xcel Energy were worth $425,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of XEL. Sequoia Financial Advisors LLC lifted its stake in shares of Xcel Energy by 35.4% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 35,803 shares of the company’s stock worth $2,438,000 after purchasing an additional 9,355 shares during the last quarter. Nordea Investment Management AB lifted its position in shares of Xcel Energy by 10.3% during the second quarter. Nordea Investment Management AB now owns 3,211,081 shares of the company’s stock valued at $216,042,000 after buying an additional 299,484 shares during the last quarter. Electron Capital Partners LLC boosted its holdings in shares of Xcel Energy by 93.7% in the 1st quarter. Electron Capital Partners LLC now owns 1,921,636 shares of the company’s stock valued at $136,033,000 after buying an additional 929,516 shares in the last quarter. Financial Gravity Companies Inc. purchased a new position in shares of Xcel Energy in the 2nd quarter worth approximately $317,000. Finally, Shell Asset Management Co. grew its position in shares of Xcel Energy by 22.5% in the 2nd quarter. Shell Asset Management Co. now owns 31,967 shares of the company’s stock worth $2,177,000 after buying an additional 5,872 shares during the last quarter. 78.38% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

XEL has been the subject of several recent analyst reports. Citigroup raised their target price on shares of Xcel Energy from $80.00 to $92.00 and gave the company a “buy” rating in a research note on Monday, November 3rd. TD Cowen assumed coverage on Xcel Energy in a report on Thursday, October 16th. They set a “buy” rating and a $93.00 price objective for the company. Jefferies Financial Group boosted their target price on Xcel Energy from $84.00 to $92.00 and gave the stock a “buy” rating in a research note on Thursday, October 16th. Mizuho upped their target price on Xcel Energy from $83.00 to $87.00 and gave the company an “outperform” rating in a research report on Monday, October 27th. Finally, UBS Group set a $85.00 price target on Xcel Energy in a report on Wednesday, November 5th. Two analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Xcel Energy currently has an average rating of “Moderate Buy” and a consensus price target of $87.14.

Xcel Energy Stock Performance

Shares of XEL opened at $81.25 on Thursday. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.85 and a current ratio of 0.96. The stock has a 50-day moving average of $79.90 and a two-hundred day moving average of $73.82. The stock has a market cap of $48.06 billion, a P/E ratio of 22.51, a P/E/G ratio of 2.81 and a beta of 0.38. Xcel Energy Inc. has a one year low of $62.58 and a one year high of $83.01.

Xcel Energy (NASDAQ:XEL) last announced its quarterly earnings data on Wednesday, October 29th. The company reported $1.24 earnings per share for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.08). Xcel Energy had a net margin of 14.85% and a return on equity of 10.52%. The firm had revenue of $3.92 billion during the quarter, compared to analyst estimates of $3.89 billion. During the same period in the prior year, the company posted $1.25 earnings per share. The firm’s revenue for the quarter was up 7.4% on a year-over-year basis. As a group, research analysts predict that Xcel Energy Inc. will post 3.82 EPS for the current 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.