Assetmark Inc. Acquires 19,407 Shares of Xcel Energy Inc. $XEL

Assetmark Inc. raised its holdings in shares of Xcel Energy Inc. (NASDAQ:XEL) by 13.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 168,596 shares of the company’s stock after purchasing an additional 19,407 shares during the quarter. Assetmark Inc.’s holdings in Xcel Energy were worth $11,481,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of the business. Bessemer Group Inc. lifted its position in Xcel Energy by 0.9% during the second quarter. Bessemer Group Inc. now owns 16,074 shares of the company’s stock valued at $1,094,000 after purchasing an additional 144 shares during the last quarter. Catalyst Capital Advisors LLC lifted its holdings in shares of Xcel Energy by 7.2% in the 2nd quarter. Catalyst Capital Advisors LLC now owns 2,169 shares of the company’s stock worth $148,000 after acquiring an additional 145 shares during the last quarter. LCM Capital Management Inc lifted its holdings in shares of Xcel Energy by 4.3% in 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 lifted its holdings in shares of Xcel Energy by 0.4% in the 2nd quarter. Blair William & Co. IL now owns 38,183 shares of the company’s stock worth $2,600,000 after acquiring an additional 151 shares during the last quarter. Finally, LRI Investments LLC lifted its holdings in shares of Xcel Energy by 8.7% in the 2nd quarter. LRI Investments LLC now owns 2,068 shares of the company’s stock worth $141,000 after acquiring an additional 165 shares during the last quarter. Institutional investors own 78.38% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on XEL shares. UBS Group raised their target price on shares of Xcel Energy from $84.00 to $86.00 and gave the stock a “neutral” rating in a report on Friday. Evercore ISI started coverage on shares of Xcel Energy in a report on Monday, October 6th. They issued an “outperform” rating and a $92.00 target price for the company. BTIG Research upgraded shares of Xcel Energy to a “strong-buy” rating in a report on Wednesday, October 22nd. Barclays raised their target price on shares of Xcel Energy from $72.00 to $81.00 and gave the stock an “overweight” rating in a report on Monday, September 29th. Finally, Cowen started coverage on shares of Xcel Energy in a report on Wednesday, October 15th. They issued a “buy” rating for the company. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Xcel Energy has an average rating of “Buy” and an average target price of $86.69.

Xcel Energy Trading Down 0.5%

Shares of XEL opened at $81.17 on Friday. Xcel Energy Inc. has a 1-year low of $62.58 and a 1-year high of $83.01. The company has a 50-day moving average of $76.96 and a 200 day moving average of $72.53. The firm has a market capitalization of $48.01 billion, a price-to-earnings ratio of 22.48, a PEG ratio of 2.81 and a beta of 0.37. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.96 and a quick ratio of 0.85.

Xcel Energy (NASDAQ:XEL) last announced its quarterly earnings data on Thursday, October 30th. The company reported $1.24 earnings per share 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 company had revenue of $3.92 billion for the quarter, compared to the consensus estimate of $3.89 billion. During the same quarter in the previous year, the business earned $1.25 EPS. The company’s quarterly revenue was up 7.4% compared to the same quarter last year. On average, research analysts expect that Xcel Energy Inc. will post 3.82 EPS for the current 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.