Allworth Financial LP Has $15.82 Million Position in Xcel Energy Inc. $XEL

Allworth Financial LP lessened its stake in shares of Xcel Energy Inc. (NASDAQ:XEL) by 2.6% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 232,262 shares of the company’s stock after selling 6,305 shares during the quarter. Allworth Financial LP’s holdings in Xcel Energy were worth $15,817,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Bessemer Group Inc. boosted its stake in shares of Xcel Energy by 0.9% in the second quarter. Bessemer Group Inc. now owns 16,074 shares of the company’s stock valued at $1,094,000 after buying an additional 144 shares during the period. Catalyst Capital Advisors LLC boosted its position in Xcel Energy by 7.2% in the second quarter. Catalyst Capital Advisors LLC now owns 2,169 shares of the company’s stock valued at $148,000 after buying an additional 145 shares in the last quarter. LCM Capital Management Inc grew its position in Xcel Energy by 4.3% during the 2nd quarter. LCM Capital Management Inc now owns 3,572 shares of the company’s stock worth $243,000 after acquiring an additional 147 shares during the last quarter. Blair William & Co. IL raised its holdings in Xcel Energy by 0.4% in the 2nd quarter. Blair William & Co. IL now owns 38,183 shares of the company’s stock valued at $2,600,000 after buying an additional 151 shares during the last quarter. Finally, LRI Investments LLC raised its stake in shares of Xcel Energy by 8.7% during the second quarter. LRI Investments LLC now owns 2,068 shares of the company’s stock valued at $141,000 after acquiring an additional 165 shares during the last quarter. Institutional investors own 78.38% of the company’s stock.

Wall Street Analyst Weigh In

XEL has been the topic of several analyst reports. BTIG Research upgraded Xcel Energy to a “strong-buy” rating in a report on Wednesday, October 22nd. UBS Group set a $85.00 price objective on shares of Xcel Energy in a report on Wednesday, November 5th. Jefferies Financial Group upped their target price on shares of Xcel Energy from $84.00 to $92.00 and gave the stock a “buy” rating in a report on Thursday, October 16th. Weiss Ratings upgraded Xcel Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, October 24th. Finally, Mizuho boosted their price objective on Xcel Energy from $83.00 to $87.00 and gave the stock an “outperform” rating in a report on Monday, October 27th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $87.29.

Xcel Energy Price Performance

Shares of NASDAQ XEL opened at $80.40 on Tuesday. The company has a market capitalization of $47.56 billion, a PE ratio of 22.27, a PEG ratio of 2.81 and a beta of 0.38. The company has a quick ratio of 0.85, a current ratio of 0.96 and a debt-to-equity ratio of 1.48. The stock’s 50 day moving average price is $77.96 and its 200-day moving average price is $73.00. Xcel Energy Inc. has a twelve month low of $62.58 and a twelve month high of $83.01.

Xcel Energy (NASDAQ:XEL) last issued its quarterly earnings results on Thursday, October 30th. The company reported $1.24 EPS for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.08). Xcel Energy had a return on equity of 10.52% and a net margin of 14.85%.The business had revenue of $3.92 billion for the quarter, compared to the consensus estimate of $3.89 billion. During the same quarter last year, the business posted $1.25 earnings per share. The business’s revenue was up 7.4% compared to the same quarter last year. On average, equities analysts anticipate that Xcel Energy Inc. will post 3.82 EPS for the current 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.