Xcel Energy Inc. $XEL Stock Holdings Lifted by Level Four Advisory Services LLC

Level Four Advisory Services LLC lifted its position in Xcel Energy Inc. (NASDAQ:XEL) by 39.2% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 8,351 shares of the company’s stock after acquiring an additional 2,353 shares during the quarter. Level Four Advisory Services LLC’s holdings in Xcel Energy were worth $569,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Sequoia Financial Advisors LLC lifted its stake in Xcel Energy by 35.4% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 35,803 shares of the company’s stock worth $2,438,000 after acquiring an additional 9,355 shares in the last quarter. Nordea Investment Management AB increased its holdings in shares of Xcel Energy by 10.3% in the 2nd quarter. Nordea Investment Management AB now owns 3,211,081 shares of the company’s stock valued at $216,042,000 after purchasing an additional 299,484 shares during the period. Electron Capital Partners LLC lifted its position in shares of Xcel Energy by 93.7% in the first quarter. Electron Capital Partners LLC now owns 1,921,636 shares of the company’s stock worth $136,033,000 after purchasing an additional 929,516 shares in the last quarter. Financial Gravity Companies Inc. acquired a new stake in shares of Xcel Energy during the second quarter worth approximately $317,000. Finally, Shell Asset Management Co. boosted its holdings in shares of Xcel Energy by 22.5% during the second quarter. Shell Asset Management Co. now owns 31,967 shares of the company’s stock worth $2,177,000 after purchasing an additional 5,872 shares during the period. Institutional investors and hedge funds own 78.38% of the company’s stock.

Xcel Energy Price Performance

Shares of Xcel Energy stock opened at $79.73 on Tuesday. The firm has a fifty day simple moving average of $80.43 and a 200-day simple moving average of $74.11. The company has a current ratio of 0.96, a quick ratio of 0.85 and a debt-to-equity ratio of 1.48. Xcel Energy Inc. has a 1-year low of $62.58 and a 1-year high of $83.01. The stock has a market capitalization of $47.16 billion, a price-to-earnings ratio of 22.09, a PEG ratio of 2.81 and a beta of 0.38.

Xcel Energy (NASDAQ:XEL) last posted its earnings results on Wednesday, October 29th. The company reported $1.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.08). The firm had revenue of $3.92 billion during the quarter, compared to analyst estimates of $3.89 billion. Xcel Energy had a net margin of 14.85% and a return on equity of 10.52%. The business’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.25 earnings per share. On average, sell-side analysts expect that Xcel Energy Inc. will post 3.82 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have weighed in on XEL. Evercore ISI initiated coverage on shares of Xcel Energy in a research note on Monday, October 6th. They issued an “outperform” rating and a $92.00 price objective on the stock. Citigroup upped their price target on shares of Xcel Energy from $80.00 to $92.00 and gave the stock a “buy” rating in a research note on Monday, November 3rd. UBS Group set a $85.00 price objective on Xcel Energy in a research report on Wednesday, November 5th. Mizuho boosted their target price on Xcel Energy from $83.00 to $87.00 and gave the company an “outperform” rating in a research note on Monday, October 27th. Finally, Royal Bank Of Canada assumed coverage on Xcel Energy in a research note on Tuesday, October 28th. They set a “moderate buy” rating for the company. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $87.14.

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.