Global Retirement Partners LLC Purchases Shares of 6,583 Xcel Energy Inc. $XEL

Global Retirement Partners LLC acquired a new position in Xcel Energy Inc. (NASDAQ:XEL) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 6,583 shares of the company’s stock, valued at approximately $448,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Brighton Jones LLC acquired a new position in shares of Xcel Energy during the fourth quarter worth approximately $240,000. Foundations Investment Advisors LLC acquired a new position in Xcel Energy during the 1st quarter valued at $281,000. GSA Capital Partners LLP bought a new stake in Xcel Energy in the 1st quarter valued at $618,000. Arkadios Wealth Advisors grew its position in Xcel Energy by 2.9% in the 1st quarter. Arkadios Wealth Advisors now owns 8,338 shares of the company’s stock worth $590,000 after purchasing an additional 235 shares during the last quarter. Finally, Mesirow Financial Investment Management Inc. lifted its holdings in shares of Xcel Energy by 8.8% during the 1st quarter. Mesirow Financial Investment Management Inc. now owns 4,014 shares of the company’s stock worth $284,000 after acquiring an additional 325 shares during the period. Institutional investors own 78.38% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. BTIG Research raised Xcel Energy to a “strong-buy” rating in a report on Wednesday, October 22nd. Weiss Ratings upgraded Xcel Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, October 24th. Barclays lifted their price target on shares of Xcel Energy from $83.00 to $85.00 and gave the company an “overweight” rating in a report on Wednesday, November 5th. Bank of America raised their target price on Xcel Energy from $78.00 to $84.00 and gave the company a “buy” rating in a research note on Thursday, September 25th. Finally, Citigroup raised their price target on Xcel Energy from $80.00 to $92.00 and gave the company a “buy” rating in a report on Monday, November 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $87.14.

Xcel Energy Trading Up 1.1%

Shares of NASDAQ:XEL opened at $82.11 on Friday. Xcel Energy Inc. has a 52-week low of $62.58 and a 52-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 company has a market capitalization of $48.57 billion, a P/E ratio of 22.75, a price-to-earnings-growth ratio of 2.81 and a beta of 0.38. The company has a 50-day simple moving average of $80.28 and a 200 day simple moving average of $74.01.

Xcel Energy (NASDAQ:XEL) last released its quarterly earnings data 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). Xcel Energy had a net margin of 14.85% and a return on equity of 10.52%. The business had revenue of $3.92 billion during the quarter, compared to analyst estimates of $3.89 billion. During the same period in the previous year, the business earned $1.25 earnings per share. The business’s quarterly revenue was up 7.4% on a year-over-year basis. Sell-side analysts forecast that Xcel Energy Inc. will post 3.82 earnings per share for the current 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.