Alpha Cubed Investments LLC Increases Holdings in Xcel Energy Inc. $XEL

Alpha Cubed Investments LLC increased its position in shares of Xcel Energy Inc. (NASDAQ:XEL) by 30.7% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,092 shares of the company’s stock after purchasing an additional 1,197 shares during the quarter. Alpha Cubed Investments LLC’s holdings in Xcel Energy were worth $347,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of XEL. Brighton Jones LLC purchased a new stake in shares of Xcel Energy in the 4th quarter valued at $240,000. Arizona State Retirement System raised its holdings in shares of Xcel Energy by 2.5% during the first quarter. Arizona State Retirement System now owns 166,027 shares of the company’s stock worth $11,753,000 after purchasing an additional 4,100 shares during the last quarter. New York State Common Retirement Fund lifted its position in Xcel Energy by 121.9% during the first quarter. New York State Common Retirement Fund now owns 533,798 shares of the company’s stock valued at $37,788,000 after purchasing an additional 293,200 shares during the period. Bleakley Financial Group LLC boosted its holdings in Xcel Energy by 4.6% in the first quarter. Bleakley Financial Group LLC now owns 24,953 shares of the company’s stock valued at $1,766,000 after purchasing an additional 1,106 shares during the last quarter. Finally, Edgestream Partners L.P. acquired a new stake in Xcel Energy during the 1st quarter worth about $3,127,000. Hedge funds and other institutional investors own 78.38% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on XEL shares. BMO Capital Markets lifted their price objective on Xcel Energy from $84.00 to $87.00 and gave the company an “outperform” rating in a research note on Wednesday, October 15th. TD Cowen initiated coverage on shares of Xcel Energy in a research note on Thursday, October 16th. They set a “buy” rating and a $93.00 price objective on the stock. Bank of America boosted their target price on shares of Xcel Energy from $78.00 to $84.00 and gave the company a “buy” rating in a research note on Thursday, September 25th. Royal Bank Of Canada initiated coverage on shares of Xcel Energy in a research report on Tuesday, October 28th. They issued a “moderate buy” rating for the company. Finally, Morgan Stanley set a $86.00 target price on Xcel Energy and gave the company an “outperform” rating in a research report on Wednesday, October 22nd. Two research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $87.29.

Xcel Energy Trading Down 0.6%

Shares of XEL stock opened at $80.40 on Tuesday. Xcel Energy Inc. has a fifty-two week low of $62.58 and a fifty-two week high of $83.01. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.85 and a current ratio of 0.96. The stock’s fifty day moving average is $77.96 and its two-hundred day moving average is $73.00. The firm has a market capitalization of $47.56 billion, a P/E ratio of 22.27, a PEG ratio of 2.81 and a beta of 0.38.

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

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.