Cetera Advisors LLC Has $1.56 Million Stock Holdings in Xcel Energy Inc. (NASDAQ:XEL)

Cetera Advisors LLC lifted its position in shares of Xcel Energy Inc. (NASDAQ:XELGet Rating) by 151.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 22,084 shares of the company’s stock after purchasing an additional 13,309 shares during the period. Cetera Advisors LLC’s holdings in Xcel Energy were worth $1,563,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of XEL. Vanguard Group Inc. boosted its holdings in Xcel Energy by 2.6% in the 1st quarter. Vanguard Group Inc. now owns 50,043,375 shares of the company’s stock valued at $3,611,630,000 after purchasing an additional 1,263,127 shares during the period. JPMorgan Chase & Co. boosted its holdings in Xcel Energy by 14.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 34,664,081 shares of the company’s stock valued at $2,452,830,000 after purchasing an additional 4,423,565 shares during the period. State Street Corp boosted its holdings in Xcel Energy by 7.9% in the 1st quarter. State Street Corp now owns 29,779,102 shares of the company’s stock valued at $2,163,350,000 after purchasing an additional 2,169,201 shares during the period. Victory Capital Management Inc. boosted its holdings in Xcel Energy by 2.6% in the 2nd quarter. Victory Capital Management Inc. now owns 6,543,532 shares of the company’s stock valued at $463,021,000 after purchasing an additional 162,904 shares during the period. Finally, Northern Trust Corp boosted its holdings in Xcel Energy by 1.2% in the 1st quarter. Northern Trust Corp now owns 5,966,409 shares of the company’s stock valued at $430,596,000 after purchasing an additional 70,602 shares during the period. 77.52% of the stock is currently owned by institutional investors and hedge funds.

Xcel Energy Trading Up 0.5 %

Shares of NASDAQ XEL opened at $69.20 on Thursday. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.86 and a current ratio of 1.04. Xcel Energy Inc. has a 52-week low of $56.89 and a 52-week high of $77.66. The firm has a 50 day moving average price of $63.30 and a two-hundred day moving average price of $69.16. The stock has a market cap of $37.87 billion, a P/E ratio of 22.61, a price-to-earnings-growth ratio of 3.36 and a beta of 0.40.

Insider Buying and Selling at Xcel Energy

In other Xcel Energy news, SVP Frank P. Prager sold 1,138 shares of the company’s stock in a transaction that occurred on Wednesday, November 16th. The shares were sold at an average price of $68.48, for a total value of $77,930.24. Following the completion of the transaction, the senior vice president now directly owns 28,036 shares in the company, valued at approximately $1,919,905.28. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.05% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. UBS Group boosted their price objective on shares of Xcel Energy to $68.00 in a report on Monday. Mizuho cut their price target on shares of Xcel Energy from $72.00 to $65.00 and set a “buy” rating for the company in a report on Wednesday, October 19th. Wells Fargo & Company cut their price target on shares of Xcel Energy from $79.00 to $69.00 and set an “equal weight” rating for the company in a report on Wednesday, October 19th. BMO Capital Markets cut their price target on shares of Xcel Energy from $80.00 to $71.00 and set an “outperform” rating for the company in a report on Wednesday, October 5th. Finally, JPMorgan Chase & Co. cut their price target on shares of Xcel Energy from $86.00 to $72.00 and set an “overweight” rating for the company in a report on Tuesday, October 18th. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $69.64.

Xcel Energy Profile

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Xcel Energy Inc, through its subsidiaries, generates, purchases, transmits, distributes, and sells electricity. It operates through Regulated Electric Utility, Regulated Natural Gas Utility, and All Other segments. The company generates electricity through coal, nuclear, natural gas, hydroelectric, solar, biomass, oil, wood/refuse, and wind energy sources.

See Also

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Institutional Ownership by Quarter for Xcel Energy (NASDAQ:XEL)

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