Kingsview Wealth Management LLC Buys 821 Shares of Xcel Energy Inc. $XEL

Kingsview Wealth Management LLC grew its stake in shares of Xcel Energy Inc. (NASDAQ:XEL) by 11.9% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 7,717 shares of the company’s stock after buying an additional 821 shares during the period. Kingsview Wealth Management LLC’s holdings in Xcel Energy were worth $525,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. CENTRAL TRUST Co raised its holdings in Xcel Energy by 1.7% in the 2nd quarter. CENTRAL TRUST Co now owns 8,315 shares of the company’s stock valued at $566,000 after acquiring an additional 142 shares in the last quarter. Bessemer Group Inc. boosted its stake in 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 buying an additional 144 shares in the last quarter. Catalyst Capital Advisors LLC boosted its stake in 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 buying an additional 145 shares in the last quarter. LCM Capital Management Inc increased its holdings in Xcel Energy by 4.3% in the 2nd quarter. LCM Capital Management Inc now owns 3,572 shares of the company’s stock valued at $243,000 after buying an additional 147 shares during the period. Finally, Blair William & Co. IL raised its stake 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 valued at $2,600,000 after buying an additional 151 shares in the last quarter. 78.38% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

XEL has been the subject of several recent research reports. Evercore ISI started coverage on shares of Xcel Energy in a research report on Monday, October 6th. They issued an “outperform” rating and a $92.00 price target for the company. Barclays upped their price objective on Xcel Energy from $83.00 to $85.00 and gave the company an “overweight” rating in a research note on Wednesday, November 5th. Weiss Ratings upgraded Xcel Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, October 24th. Royal Bank Of Canada assumed coverage on Xcel Energy in a research report on Tuesday, October 28th. They issued a “moderate buy” rating on the stock. Finally, Citigroup increased their price objective on Xcel Energy from $80.00 to $92.00 and gave the stock a “buy” rating in a research note on Monday, November 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $87.14.

Xcel Energy Stock Performance

NASDAQ:XEL opened at $79.67 on Friday. The stock has a market capitalization of $47.13 billion, a P/E ratio of 22.07, a price-to-earnings-growth ratio of 2.81 and a beta of 0.38. 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 Inc. has a 1 year low of $62.58 and a 1 year high of $83.01. The firm has a 50 day moving average of $79.40 and a 200-day moving average of $73.60.

Xcel Energy (NASDAQ:XEL) last released its quarterly earnings results on Wednesday, October 29th. The company reported $1.24 earnings per share for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.08). The business had revenue of $3.92 billion for the quarter, compared to analyst estimates of $3.89 billion. Xcel Energy had a net margin of 14.85% and a return on equity of 10.52%. The company’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same period in the prior year, the business earned $1.25 earnings per share. As a group, sell-side analysts anticipate 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.