Great Valley Advisor Group Inc. Purchases 383 Shares of Xcel Energy Inc. (NASDAQ:XEL)

Great Valley Advisor Group Inc. increased its holdings in shares of Xcel Energy Inc. (NASDAQ:XEL) by 2.0% during the third quarter, Holdings Channel reports. The fund owned 19,982 shares of the company’s stock after purchasing an additional 383 shares during the period. Great Valley Advisor Group Inc.’s holdings in Xcel Energy were worth $1,305,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Czech National Bank increased its holdings in shares of Xcel Energy by 9.1% in the second quarter. Czech National Bank now owns 105,882 shares of the company’s stock valued at $5,655,000 after purchasing an additional 8,790 shares in the last quarter. Cetera Investment Advisers increased its stake in shares of 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 buying an additional 66,840 shares during the period. Envestnet Portfolio Solutions Inc. raised its position in shares of Xcel Energy by 21.6% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 61,167 shares of the company’s stock worth $3,267,000 after acquiring an additional 10,851 shares during the last quarter. Simplicity Wealth LLC lifted 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 valued at $1,228,000 after acquiring an additional 8,656 shares during the period. Finally, Raymond James & Associates boosted its holdings in Xcel Energy by 83.5% in the second quarter. Raymond James & Associates now owns 1,103,809 shares of the company’s stock valued at $58,954,000 after acquiring an additional 502,231 shares during the last quarter. 78.38% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have weighed in on XEL shares. Wells Fargo & Company boosted their price objective on Xcel Energy from $63.00 to $66.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 16th. UBS Group increased their price objective on shares of Xcel Energy from $66.00 to $67.00 and gave the company a “neutral” rating in a report on Friday, September 20th. 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 report on Monday, August 26th. Barclays increased their price target on Xcel Energy from $57.00 to $67.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Finally, KeyCorp lifted their price objective on Xcel Energy from $69.00 to $74.00 and gave the stock an “overweight” rating in a research note on Friday, November 1st. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, Xcel Energy currently has an average rating of “Moderate Buy” and a consensus price target of $66.31.

Xcel Energy Trading Up 0.4 %

NASDAQ XEL opened at $71.60 on Tuesday. Xcel Energy Inc. has a one year low of $46.79 and a one year high of $71.95. 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 firm has a market cap of $41.12 billion, a P/E ratio of 21.25, a P/E/G ratio of 2.92 and a beta of 0.38. The stock’s 50-day moving average is $65.57 and its 200-day moving average is $59.93.

Xcel Energy (NASDAQ:XEL) last announced its 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). The company had revenue of $3.64 billion for the quarter, compared to analyst estimates of $3.93 billion. Xcel Energy had a return on equity of 10.76% and a net margin of 13.67%. The business’s quarterly revenue was down .5% on a year-over-year basis. During the same quarter last year, the business posted $1.23 earnings per share. Sell-side analysts anticipate that Xcel Energy Inc. will post 3.54 earnings per share for the current fiscal year.

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.