Orgel Wealth Management LLC Acquires New Stake in Xcel Energy Inc. (XEL)
Orgel Wealth Management LLC acquired a new stake in shares of Xcel Energy Inc. (NYSE:XEL) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,364 shares of the utilities provider’s stock, valued at approximately $254,000. Xcel Energy comprises 0.1% of Orgel Wealth Management LLC’s portfolio, making the stock its 24th biggest holding.
A number of other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. increased its position in Xcel Energy by 2.5% during the second quarter. Vanguard Group Inc. now owns 36,034,296 shares of the utilities provider’s stock valued at $1,653,253,000 after acquiring an additional 871,299 shares during the last quarter. JPMorgan Chase & Co. increased its position in Xcel Energy by 6.4% during the third quarter. JPMorgan Chase & Co. now owns 30,317,644 shares of the utilities provider’s stock valued at $1,436,147,000 after acquiring an additional 1,810,629 shares during the last quarter. Franklin Resources Inc. increased its position in Xcel Energy by 0.6% during the second quarter. Franklin Resources Inc. now owns 13,899,928 shares of the utilities provider’s stock valued at $637,728,000 after acquiring an additional 85,566 shares during the last quarter. Ameriprise Financial Inc. increased its position in Xcel Energy by 12.2% during the third quarter. Ameriprise Financial Inc. now owns 6,547,453 shares of the utilities provider’s stock valued at $309,800,000 after acquiring an additional 710,989 shares during the last quarter. Finally, Commonwealth Bank of Australia increased its position in Xcel Energy by 26.9% during the second quarter. Commonwealth Bank of Australia now owns 5,789,794 shares of the utilities provider’s stock valued at $265,634,000 after acquiring an additional 1,225,622 shares during the last quarter. Institutional investors own 73.40% of the company’s stock.
Shares of Xcel Energy Inc. (XEL) traded up $0.15 on Tuesday, reaching $50.86. The company’s stock had a trading volume of 2,516,600 shares, compared to its average volume of 2,588,762. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.68 and a current ratio of 0.87. The stock has a market capitalization of $25,748.66, a PE ratio of 21.67, a price-to-earnings-growth ratio of 4.02 and a beta of 0.21. Xcel Energy Inc. has a fifty-two week low of $38.22 and a fifty-two week high of $52.22.
Xcel Energy (NYSE:XEL) last issued its quarterly earnings results on Thursday, October 26th. The utilities provider reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.05. Xcel Energy had a return on equity of 10.63% and a net margin of 10.40%. The business had revenue of $3.02 billion during the quarter, compared to analysts’ expectations of $3.27 billion. During the same quarter in the prior year, the business posted $0.90 earnings per share. The business’s quarterly revenue was down .8% on a year-over-year basis. equities research analysts forecast that Xcel Energy Inc. will post 2.31 EPS for the current year.
In other Xcel Energy news, Director Daniel Yohannes bought 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 5th. The stock was purchased at an average price of $49.53 per share, for a total transaction of $49,530.00. Following the completion of the transaction, the director now owns 1,000 shares of the company’s stock, valued at approximately $49,530. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Mark E. Stoering sold 20,187 shares of the stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $49.66, for a total value of $1,002,486.42. Following the sale, the insider now owns 48,424 shares of the company’s stock, valued at approximately $2,404,735.84. The disclosure for this sale can be found here. Company insiders own 0.22% of the company’s stock.
A number of analysts have commented on XEL shares. Mizuho restated a “hold” rating and issued a $46.00 price target on shares of Xcel Energy in a research report on Friday, September 29th. ValuEngine upgraded Xcel Energy from a “hold” rating to a “buy” rating in a research report on Thursday, November 9th. Jefferies Group restated a “hold” rating and issued a $50.00 price target on shares of Xcel Energy in a research report on Thursday, August 31st. Bank of America started coverage on Xcel Energy in a research report on Tuesday, October 24th. They issued a “buy” rating and a $53.00 price target for the company. Finally, BidaskClub upgraded Xcel Energy from a “hold” rating to a “buy” rating in a research report on Tuesday, August 1st. Nine analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. Xcel Energy presently has an average rating of “Hold” and a consensus target price of $48.91.
About Xcel Energy
Xcel Energy Inc is a public utility holding company. The Company’s operations include the activity of four utility subsidiaries that serve electric and natural gas customers in eight states. The Company’s segments include regulated electric utility, regulated natural gas utility and all other. The Company’s utility subsidiaries include NSP-Minnesota, NSP-Wisconsin, Public Service Company of Colorado (PSCo) and Southwestern Public Service Co (SPS), which serve customers in portions of Colorado, Michigan, Minnesota, New Mexico, North Dakota, South Dakota, Texas and Wisconsin.
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