Apollon Wealth Management LLC Boosts Stake in Xcel Energy Inc. (NASDAQ:XEL)

Apollon Wealth Management LLC lifted its holdings in shares of Xcel Energy Inc. (NASDAQ:XEL) by 196.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,768 shares of the company’s stock after buying an additional 19,054 shares during the period. Apollon Wealth Management LLC’s holdings in Xcel Energy were worth $1,879,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Avantax Advisory Services Inc. boosted its holdings in shares of Xcel Energy by 1.3% in the first quarter. Avantax Advisory Services Inc. now owns 16,054 shares of the company’s stock worth $863,000 after buying an additional 212 shares during the last quarter. State Board of Administration of Florida Retirement System lifted its stake in Xcel Energy by 4.2% in the first quarter. State Board of Administration of Florida Retirement System now owns 622,975 shares of the company’s stock worth $33,485,000 after purchasing an additional 25,119 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in Xcel Energy by 15.9% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 691,665 shares of the company’s stock worth $37,177,000 after acquiring an additional 94,997 shares in the last quarter. Dorsey & Whitney Trust CO LLC increased its position in Xcel Energy by 10.9% during the 1st quarter. Dorsey & Whitney Trust CO LLC now owns 17,594 shares of the company’s stock valued at $946,000 after purchasing an additional 1,727 shares during the period. Finally, Jupiter Asset Management Ltd. purchased a new stake in shares of Xcel Energy during the first quarter valued at about $80,283,000. 78.38% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Barclays increased their price target on shares of Xcel Energy from $57.00 to $67.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. UBS Group upped their price objective on shares of Xcel Energy from $66.00 to $67.00 and gave the stock a “neutral” rating in a research report on Friday, September 20th. Jefferies Financial Group upgraded Xcel Energy from a “hold” rating to a “buy” rating and boosted their price objective for the company from $71.00 to $76.00 in a research report on Friday, November 1st. Wells Fargo & Company lifted their target price on shares of Xcel Energy from $63.00 to $66.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 16th. Finally, KeyCorp boosted their price objective on Xcel Energy from $69.00 to $74.00 and gave the stock an “overweight” rating in a research note on Friday, November 1st. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, Xcel Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $66.38.

Xcel Energy Stock Up 0.1 %

Shares of NASDAQ:XEL opened at $68.65 on Thursday. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.82 and a current ratio of 0.93. The company’s fifty day moving average is $64.41 and its two-hundred day moving average is $58.94. The stock has a market capitalization of $39.42 billion, a price-to-earnings ratio of 20.37, a price-to-earnings-growth ratio of 2.80 and a beta of 0.38. Xcel Energy Inc. has a 1-year low of $46.79 and a 1-year high of $69.35.

Xcel Energy (NASDAQ:XEL) last released its quarterly earnings results on Thursday, October 31st. The company reported $1.25 EPS for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.01). Xcel Energy had a return on equity of 10.76% and a net margin of 13.67%. The company had revenue of $3.64 billion for the quarter, compared to the consensus estimate of $3.93 billion. During the same quarter last year, the firm posted $1.23 earnings per share. The firm’s quarterly revenue was down .5% compared to the same quarter last year. Equities analysts anticipate that Xcel Energy Inc. will post 3.55 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.