Angeles Investment Advisors LLC Sells 765 Shares of Xcel Energy Inc. (NASDAQ:XEL)

Angeles Investment Advisors LLC reduced its position in shares of Xcel Energy Inc. (NASDAQ:XEL) by 11.3% in the third quarter, according to its most recent filing with the SEC. The fund owned 6,015 shares of the company’s stock after selling 765 shares during the quarter. Angeles Investment Advisors LLC’s holdings in Xcel Energy were worth $396,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Ashton Thomas Securities LLC bought a new stake in shares of Xcel Energy in the 3rd quarter valued at approximately $25,000. Transcendent Capital Group LLC purchased a new stake in Xcel Energy during the 3rd quarter valued at $33,000. TruNorth Capital Management LLC bought a new stake in Xcel Energy in the second quarter worth $30,000. American National Bank purchased a new position in Xcel Energy during the second quarter worth $32,000. Finally, Kimelman & Baird LLC bought a new position in Xcel Energy during the second quarter valued at $35,000. 78.38% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on XEL shares. Barclays lifted their price target on shares of Xcel Energy from $57.00 to $67.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. Morgan Stanley increased their price target on Xcel Energy from $68.00 to $73.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 25th. UBS Group raised their price target on Xcel Energy from $66.00 to $67.00 and gave the stock a “neutral” rating in a research note on Friday, September 20th. Wells Fargo & Company upped their price objective on Xcel Energy from $63.00 to $66.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 16th. Finally, Argus raised shares of Xcel Energy from a “hold” rating to a “buy” rating and set a $68.00 target price for the company in a research note on Monday, August 26th. Seven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, Xcel Energy presently has an average rating of “Moderate Buy” and a consensus price target of $66.38.

Xcel Energy Stock Up 0.3 %

Shares of NASDAQ XEL traded up $0.24 during midday trading on Wednesday, reaching $68.85. 93,177 shares of the company’s stock traded hands, compared to its average volume of 4,204,887. The company has a market cap of $39.54 billion, a price-to-earnings ratio of 20.36, a P/E/G ratio of 2.80 and a beta of 0.38. Xcel Energy Inc. has a one year low of $46.79 and a one year high of $69.35. The company has a quick ratio of 0.82, a current ratio of 0.93 and a debt-to-equity ratio of 1.42. The stock’s 50 day simple moving average is $64.41 and its 200-day simple moving average is $58.94.

Xcel Energy (NASDAQ:XEL) last released its quarterly 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 net margin of 13.67% and a return on equity of 10.76%. The firm had revenue of $3.64 billion for the quarter, compared to analysts’ expectations of $3.93 billion. During the same period in the previous year, the company posted $1.23 earnings per share. The business’s quarterly revenue was down .5% compared to the same quarter last year. On average, analysts predict that Xcel Energy Inc. will post 3.55 EPS for the current fiscal 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.