Virtu Financial LLC Has $284,000 Stake in Xcel Energy Inc. (NASDAQ:XEL)

Virtu Financial LLC grew its holdings in shares of Xcel Energy Inc. (NASDAQ:XEL) by 12.0% in the third quarter, HoldingsChannel.com reports. The fund owned 4,347 shares of the company’s stock after acquiring an additional 466 shares during the quarter. Virtu Financial LLC’s holdings in Xcel Energy were worth $284,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. Ashton Thomas Securities LLC acquired a new position in Xcel Energy during the 3rd quarter worth approximately $25,000. American National Bank bought a new position in Xcel Energy in the 2nd quarter valued at about $32,000. Transcendent Capital Group LLC bought a new position in Xcel Energy in the 3rd quarter valued at about $33,000. Kimelman & Baird LLC acquired a new position in Xcel Energy during the 2nd quarter valued at about $35,000. Finally, Rothschild Investment LLC bought a new stake in Xcel Energy during the 2nd quarter worth approximately $37,000. 78.38% of the stock is owned by institutional investors.

Xcel Energy Stock Performance

Shares of XEL opened at $68.08 on Wednesday. Xcel Energy Inc. has a 1 year low of $46.79 and a 1 year high of $73.38. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.93 and a quick ratio of 0.82. The stock’s fifty day moving average price is $67.47 and its two-hundred day moving average price is $61.64. The firm has a market cap of $39.09 billion, a PE ratio of 20.20, a PEG ratio of 2.79 and a beta of 0.41.

Xcel Energy (NASDAQ:XEL) last announced its quarterly earnings data on Thursday, October 31st. The company reported $1.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.01). The firm had revenue of $3.64 billion during the quarter, compared to the consensus estimate of $3.93 billion. Xcel Energy had a net margin of 13.67% and a return on equity of 10.76%. The company’s revenue was down .5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.23 earnings per share. On average, equities research analysts forecast that Xcel Energy Inc. will post 3.54 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. KeyCorp lifted their target price on Xcel Energy from $74.00 to $79.00 and gave the company an “overweight” rating in a research report on Wednesday, December 4th. Barclays upped their target price on shares of Xcel Energy from $67.00 to $71.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 26th. Wells Fargo & Company raised their price target 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. Argus raised shares of Xcel Energy from a “hold” rating to a “buy” rating and set a $68.00 price objective for the company in a research report on Monday, August 26th. Finally, UBS Group lifted their target price 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. Six equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, Xcel Energy presently has an average rating of “Moderate Buy” and an average price target of $68.62.

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.