17 Capital Partners LLC Grows Holdings in Xcel Energy Inc. $XEL

17 Capital Partners LLC lifted its holdings in Xcel Energy Inc. (NASDAQ:XEL) by 22.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,923 shares of the company’s stock after purchasing an additional 2,171 shares during the period. 17 Capital Partners LLC’s holdings in Xcel Energy were worth $812,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of XEL. Empirical Finance LLC increased its holdings in Xcel Energy by 0.7% in the 2nd quarter. Empirical Finance LLC now owns 19,196 shares of the company’s stock worth $1,307,000 after acquiring an additional 140 shares in the last quarter. CENTRAL TRUST Co grew its position in shares of Xcel Energy by 1.7% in the second quarter. CENTRAL TRUST Co now owns 8,315 shares of the company’s stock valued at $566,000 after purchasing an additional 142 shares during the period. Bessemer Group Inc. increased its stake in shares of Xcel Energy by 0.9% during the second quarter. Bessemer Group Inc. now owns 16,074 shares of the company’s stock worth $1,094,000 after purchasing an additional 144 shares in the last quarter. Catalyst Capital Advisors LLC increased its stake in shares of Xcel Energy by 7.2% during the second quarter. Catalyst Capital Advisors LLC now owns 2,169 shares of the company’s stock worth $148,000 after purchasing an additional 145 shares in the last quarter. Finally, LCM Capital Management Inc raised its position in shares of 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 purchasing an additional 147 shares during the last quarter. Institutional investors and hedge funds own 78.38% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. UBS Group set a $85.00 price objective on Xcel Energy in a research note on Wednesday, November 5th. Citigroup boosted their price target on Xcel Energy from $80.00 to $92.00 and gave the stock a “buy” rating in a research report on Monday, November 3rd. Bank of America raised their price objective on Xcel Energy from $78.00 to $84.00 and gave the company a “buy” rating in a report on Thursday, September 25th. Jefferies Financial Group lifted their target price on shares of Xcel Energy from $84.00 to $92.00 and gave the stock a “buy” rating in a research note on Thursday, October 16th. Finally, Weiss Ratings upgraded shares of Xcel Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, October 24th. Two analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $87.29.

Xcel Energy Stock Down 1.6%

Shares of NASDAQ:XEL opened at $79.67 on Thursday. The company has a market capitalization of $47.13 billion, a price-to-earnings ratio of 22.07, a PEG ratio of 2.81 and a beta of 0.38. Xcel Energy Inc. has a 12-month low of $62.58 and a 12-month high of $83.01. The business has a 50-day moving average price of $79.14 and a 200 day moving average price of $73.49. 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 (NASDAQ:XEL) last announced its earnings results on Wednesday, October 29th. The company reported $1.24 earnings per share for the quarter, missing the consensus estimate of $1.32 by ($0.08). Xcel Energy had a return on equity of 10.52% and a net margin of 14.85%.The company had revenue of $3.92 billion for the quarter, compared to analysts’ expectations of $3.89 billion. During the same period last year, the business earned $1.25 EPS. The company’s quarterly revenue was up 7.4% compared to the same quarter last year. Sell-side analysts expect 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.