Hodges Capital Management Inc. Sells 2,591 Shares of Xcel Energy Inc. $XEL

Hodges Capital Management Inc. cut its holdings in Xcel Energy Inc. (NASDAQ:XEL) by 19.9% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 10,397 shares of the company’s stock after selling 2,591 shares during the quarter. Hodges Capital Management Inc.’s holdings in Xcel Energy were worth $708,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of XEL. Accent Capital Management LLC acquired a new position in shares of Xcel Energy during the 1st quarter valued at $29,000. Rise Advisors LLC increased its stake in Xcel Energy by 62.9% in the second quarter. Rise Advisors LLC now owns 518 shares of the company’s stock valued at $35,000 after purchasing an additional 200 shares in the last quarter. Marshall & Sullivan Inc. WA acquired a new position in shares of Xcel Energy during the second quarter valued at about $44,000. RMG Wealth Management LLC acquired a new position in shares of Xcel Energy during the second quarter valued at about $46,000. Finally, Ransom Advisory Ltd bought a new position in shares of Xcel Energy during the 1st quarter worth about $50,000. Institutional investors and hedge funds own 78.38% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on the company. Barclays boosted their target price on Xcel Energy from $83.00 to $85.00 and gave the company an “overweight” rating in a research report on Wednesday, November 5th. UBS Group set a $85.00 price target on Xcel Energy in a report on Wednesday, November 5th. Mizuho boosted their price objective on Xcel Energy from $83.00 to $87.00 and gave the company an “outperform” rating in a report on Monday, October 27th. KeyCorp upped their target price on Xcel Energy from $79.00 to $85.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 15th. Finally, Jefferies Financial Group increased their target price on Xcel Energy from $84.00 to $92.00 and gave the stock a “buy” rating in a report on Thursday, October 16th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $87.29.

Xcel Energy Price Performance

XEL stock opened at $80.40 on Tuesday. 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 business has a 50-day simple moving average of $77.96 and a two-hundred day simple moving average of $73.00. The company has a market capitalization of $47.56 billion, a P/E ratio of 22.27, a price-to-earnings-growth ratio of 2.81 and a beta of 0.38. Xcel Energy Inc. has a 52-week low of $62.58 and a 52-week high of $83.01.

Xcel Energy (NASDAQ:XEL) last posted its earnings results 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 during the quarter, compared to the consensus estimate of $3.89 billion. During the same quarter in the prior year, the business earned $1.25 EPS. The firm’s revenue for the quarter was up 7.4% compared to the same quarter last year. Research analysts expect that Xcel Energy Inc. will post 3.82 EPS for the current fiscal 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.