WESPAC Advisors LLC Acquires New Position in Xcel Energy Inc. (NASDAQ:XEL)

WESPAC Advisors LLC bought a new stake in Xcel Energy Inc. (NASDAQ:XEL) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 3,519 shares of the company’s stock, valued at approximately $230,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD lifted its holdings in Xcel Energy by 770.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 7,552,625 shares of the company’s stock worth $405,955,000 after buying an additional 6,684,499 shares in the last quarter. Federated Hermes Inc. grew its position in shares of Xcel Energy by 120.2% in the 2nd quarter. Federated Hermes Inc. now owns 2,379,615 shares of the company’s stock valued at $127,095,000 after buying an additional 1,299,025 shares during the last quarter. American Century Companies Inc. grew its position in shares of Xcel Energy by 130.4% in the 2nd quarter. American Century Companies Inc. now owns 2,084,345 shares of the company’s stock valued at $111,325,000 after buying an additional 1,179,823 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of Xcel Energy by 6.2% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 15,190,756 shares of the company’s stock valued at $991,956,000 after buying an additional 892,740 shares during the last quarter. Finally, Zimmer Partners LP grew its position in shares of Xcel Energy by 1,765.0% in the 1st quarter. Zimmer Partners LP now owns 932,505 shares of the company’s stock valued at $50,122,000 after buying an additional 882,505 shares during the last quarter. 78.38% of the stock is currently owned by institutional investors and hedge funds.

Xcel Energy Stock Down 0.0 %

XEL stock opened at $71.35 on Friday. Xcel Energy Inc. has a one year low of $46.79 and a one year high of $71.79. The stock has a market capitalization of $40.97 billion, a PE ratio of 21.17, a price-to-earnings-growth ratio of 2.92 and a beta of 0.38. 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 has a fifty day moving average of $65.42 and a 200-day moving average of $59.78.

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

Analysts Set New Price Targets

A number of research firms recently commented on XEL. Morgan Stanley dropped their target price on shares of Xcel Energy from $74.00 to $72.00 and set an “equal weight” rating on the stock in a research report on Friday. Wells Fargo & Company increased their price target on shares of Xcel Energy from $63.00 to $66.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 16th. Jefferies Financial Group upgraded shares of Xcel Energy from a “hold” rating to a “buy” rating and increased their price target for the stock from $71.00 to $76.00 in a research note 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 note on Monday, August 26th. Finally, KeyCorp increased their price target on shares of Xcel Energy from $69.00 to $74.00 and gave the stock an “overweight” rating in a research note on Friday, November 1st. Seven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $66.31.

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.