Larson Financial Group LLC Raises Holdings in Xcel Energy Inc. (NASDAQ:XEL)

Larson Financial Group LLC grew its stake in shares of Xcel Energy Inc. (NASDAQ:XEL) by 22.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,537 shares of the company’s stock after acquiring an additional 2,078 shares during the quarter. Larson Financial Group LLC’s holdings in Xcel Energy were worth $753,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. BOKF NA raised its holdings in shares of Xcel Energy by 18.2% in the first quarter. BOKF NA now owns 24,678 shares of the company’s stock worth $1,315,000 after buying an additional 3,806 shares during the last quarter. Tidal Investments LLC lifted its position in Xcel Energy by 4.4% during the 1st quarter. Tidal Investments LLC now owns 28,641 shares of the company’s stock worth $1,539,000 after acquiring an additional 1,202 shares during the period. LBP AM SA grew its stake in Xcel Energy by 1,137.6% during the 1st quarter. LBP AM SA now owns 89,661 shares of the company’s stock valued at $4,819,000 after purchasing an additional 82,416 shares during the last quarter. Zimmer Partners LP increased its holdings in shares of Xcel Energy by 1,765.0% in the first quarter. Zimmer Partners LP now owns 932,505 shares of the company’s stock valued at $50,122,000 after purchasing an additional 882,505 shares during the period. Finally, Virtu Financial LLC purchased a new position in shares of Xcel Energy in the first quarter worth about $994,000. 78.38% of the stock is owned by hedge funds and other institutional investors.

Xcel Energy Trading Up 0.4 %

Shares of XEL stock opened at $71.60 on Tuesday. Xcel Energy Inc. has a fifty-two week low of $46.79 and a fifty-two week high of $71.95. 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 stock’s fifty day moving average is $65.57 and its two-hundred day moving average is $59.93. The firm has a market capitalization of $41.12 billion, a P/E ratio of 21.25, a PEG ratio of 2.92 and a beta of 0.38.

Xcel Energy (NASDAQ:XEL) last posted its quarterly earnings results 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 analysts’ expectations of $3.93 billion. During the same period in the prior year, the business posted $1.23 earnings per share. The business’s quarterly revenue was down .5% on a year-over-year basis. Research analysts expect that Xcel Energy Inc. will post 3.54 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. 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 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 on the stock in a research note on Monday, August 26th. Morgan Stanley decreased their target price on shares of Xcel Energy from $74.00 to $72.00 and set an “equal weight” rating for the company in a research report on Friday. Wells Fargo & Company upped their price target on shares of Xcel Energy from $63.00 to $66.00 and gave the company an “equal weight” rating in a report on Wednesday, October 16th. Finally, Barclays lifted their price objective on Xcel Energy from $57.00 to $67.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Seven analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $66.31.

Xcel Energy 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.