Curi RMB Capital LLC Purchases 676 Shares of Xcel Energy Inc. (NASDAQ:XEL)

Curi RMB Capital LLC lifted its position in shares of Xcel Energy Inc. (NASDAQ:XEL) by 14.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,218 shares of the company’s stock after acquiring an additional 676 shares during the period. Curi RMB Capital LLC’s holdings in Xcel Energy were worth $341,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Czech National Bank raised its stake in Xcel Energy by 9.1% during the second quarter. Czech National Bank now owns 105,882 shares of the company’s stock worth $5,655,000 after acquiring an additional 8,790 shares in the last quarter. Cetera Investment Advisers lifted its stake in Xcel Energy by 165.0% in the 1st quarter. Cetera Investment Advisers now owns 107,344 shares of the company’s stock valued at $5,770,000 after purchasing an additional 66,840 shares during the last quarter. Envestnet Portfolio Solutions Inc. boosted its position in Xcel Energy by 21.6% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 61,167 shares of the company’s stock valued at $3,267,000 after buying an additional 10,851 shares in the last quarter. Simplicity Wealth LLC grew its stake in shares of Xcel Energy by 60.3% during the second quarter. Simplicity Wealth LLC now owns 22,999 shares of the company’s stock worth $1,228,000 after buying an additional 8,656 shares during the last quarter. Finally, Raymond James & Associates increased its holdings in shares of Xcel Energy by 83.5% during the second quarter. Raymond James & Associates now owns 1,103,809 shares of the company’s stock worth $58,954,000 after buying an additional 502,231 shares in the last quarter. Institutional investors and hedge funds own 78.38% of the company’s stock.

Wall Street Analyst Weigh In

XEL has been the topic of several recent research reports. Morgan Stanley boosted their price objective on Xcel Energy from $68.00 to $73.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 25th. Jefferies Financial Group upgraded Xcel Energy from a “hold” rating to a “buy” rating and boosted their price target for the stock from $71.00 to $76.00 in a report on Friday, November 1st. Argus upgraded shares of Xcel Energy from a “hold” rating to a “buy” rating and set a $68.00 price objective for the company in a report on Monday, August 26th. Barclays boosted their target price 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. Finally, KeyCorp raised their price target on shares of Xcel Energy from $69.00 to $74.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. Seven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $66.38.

Xcel Energy Price Performance

Shares of NASDAQ XEL opened at $69.46 on Friday. The company has a market capitalization of $39.89 billion, a PE ratio of 20.61, a P/E/G ratio of 2.80 and a beta of 0.38. The company has a quick ratio of 0.82, a current ratio of 0.93 and a debt-to-equity ratio of 1.42. Xcel Energy Inc. has a twelve month low of $46.79 and a twelve month high of $69.90. The firm has a fifty day simple moving average of $64.76 and a 200 day simple moving average of $59.21.

Xcel Energy (NASDAQ:XEL) last posted its quarterly earnings data on Thursday, October 31st. The company reported $1.25 earnings per share 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 business had revenue of $3.64 billion during the quarter, compared to the consensus estimate of $3.93 billion. During the same period last year, the business posted $1.23 earnings per share. The business’s revenue was down .5% on a year-over-year basis. On average, sell-side analysts forecast that Xcel Energy Inc. will post 3.55 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.