Stock Yards Bank & Trust Co. Has $391,000 Holdings in Xcel Energy Inc. (NASDAQ:XEL)

Stock Yards Bank & Trust Co. boosted its position in shares of Xcel Energy Inc. (NASDAQ:XEL) by 12.6% in the 3rd quarter, HoldingsChannel reports. The firm owned 5,984 shares of the company’s stock after buying an additional 668 shares during the period. Stock Yards Bank & Trust Co.’s holdings in Xcel Energy were worth $391,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Ashton Thomas Securities LLC acquired a new position in Xcel Energy during the 3rd quarter worth $25,000. American National Bank bought a new position in shares of Xcel Energy during the 2nd quarter valued at about $32,000. Transcendent Capital Group LLC acquired a new position in shares of Xcel Energy in the third quarter valued at approximately $33,000. Kimelman & Baird LLC acquired a new position in Xcel Energy in the 2nd quarter worth $35,000. Finally, Rothschild Investment LLC acquired a new position in shares of Xcel Energy during the second quarter worth about $37,000. 78.38% of the stock is owned by institutional investors and hedge funds.

Xcel Energy Stock Down 0.5 %

Shares of XEL opened at $68.12 on Friday. The stock’s 50-day moving average price is $67.27 and its two-hundred day moving average price is $61.34. The company has a current ratio of 0.93, a quick ratio of 0.82 and a debt-to-equity ratio of 1.42. The company has a market capitalization of $39.12 billion, a PE ratio of 20.21, a PEG ratio of 2.80 and a beta of 0.41. Xcel Energy Inc. has a 12 month low of $46.79 and a 12 month high of $73.38.

Xcel Energy (NASDAQ:XEL) last released its quarterly earnings results on Thursday, October 31st. The company reported $1.25 earnings per share (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 for the quarter, compared to the consensus estimate of $3.93 billion. During the same quarter in the previous year, the business posted $1.23 EPS. The firm’s revenue for the quarter was down .5% compared to the same quarter last year. On average, analysts anticipate that Xcel Energy Inc. will post 3.54 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Wells Fargo & Company raised 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. Argus raised Xcel Energy from a “hold” rating to a “buy” rating and set a $68.00 target price on the stock in a report on Monday, August 26th. JPMorgan Chase & Co. raised shares of Xcel Energy from a “neutral” rating to an “overweight” rating and increased their price target for the company from $69.00 to $80.00 in a report on Thursday. Jefferies Financial Group upgraded Xcel Energy from a “hold” rating to a “buy” rating and increased their price objective for the stock from $71.00 to $76.00 in a research report on Friday, November 1st. Finally, Barclays lifted their price target on shares of Xcel Energy from $67.00 to $71.00 and gave the company an “overweight” rating in a research report on Tuesday, November 26th. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $68.62.

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.