Xcel Energy Inc. $XEL Stock Holdings Boosted by Waycross Partners LLC

Waycross Partners LLC lifted its holdings in shares of Xcel Energy Inc. (NASDAQ:XEL) by 300.7% in the third quarter, Holdings Channel.com reports. The fund owned 22,241 shares of the company’s stock after purchasing an additional 16,691 shares during the quarter. Waycross Partners LLC’s holdings in Xcel Energy were worth $1,568,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in XEL. James T. Borello RIA increased its stake in Xcel Energy by 59.6% in the third quarter. James T. Borello RIA now owns 367 shares of the company’s stock valued at $26,000 after acquiring an additional 137 shares during the period. KCM Investment Advisors LLC raised its position in Xcel Energy by 1.9% in the first quarter. KCM Investment Advisors LLC now owns 7,549 shares of the company’s stock worth $600,000 after purchasing an additional 140 shares in the last quarter. Cidel Asset Management Inc. lifted its stake in Xcel Energy by 3.3% during the second quarter. Cidel Asset Management Inc. now owns 4,692 shares of the company’s stock worth $377,000 after purchasing an additional 149 shares during the period. Birchwood Financial Partners Inc. lifted its stake in Xcel Energy by 1.7% during the first quarter. Birchwood Financial Partners Inc. now owns 9,252 shares of the company’s stock worth $735,000 after purchasing an additional 158 shares during the period. Finally, Wealth Group Ltd. boosted its holdings in Xcel Energy by 6.1% during the third quarter. Wealth Group Ltd. now owns 2,914 shares of the company’s stock valued at $208,000 after purchasing an additional 167 shares in the last quarter. 78.38% of the stock is currently owned by institutional investors and hedge funds.

Xcel Energy Price Performance

NASDAQ:XEL traded down $0.70 on Friday, reaching $79.67. The stock had a trading volume of 6,826,841 shares, compared to its average volume of 6,081,875. The company has a market capitalization of $51.14 billion, a P/E ratio of 18.57, a price-to-earnings-growth ratio of 2.57 and a beta of 0.34. Xcel Energy Inc. has a 1-year low of $68.72 and a 1-year high of $84.23. The company has a quick ratio of 0.61, a current ratio of 0.69 and a debt-to-equity ratio of 1.43. The stock has a fifty day moving average price of $74.94 and a 200-day moving average price of $78.29.

Xcel Energy (NASDAQ:XEL) last posted its quarterly earnings data on Wednesday, October 28th. The company reported $1.52 earnings per share for the quarter, topping the consensus estimate of $1.39 by $0.13. Xcel Energy had a net margin of 17.94% and a return on equity of 11.10%. The company had revenue of $4.17 billion during the quarter, compared to analyst estimates of $4.26 billion. During the same quarter last year, the business posted $1.24 earnings per share. The company’s revenue was up 6.6% on a year-over-year basis. Research analysts forecast that Xcel Energy Inc. will post 4.14 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Mizuho set a $92.00 price objective on Xcel Energy and gave the company an “outperform” rating in a research note on Friday, July 31st. Barclays raised their target price on Xcel Energy from $85.00 to $94.00 and gave the stock an “overweight” rating in a research report on Monday, November 2nd. The Goldman Sachs Group decreased their price target on Xcel Energy from $95.00 to $93.00 in a research note on Thursday, October 15th. Jefferies Financial Group reiterated a “buy” rating and issued a $99.00 price target (down from $101.00) on shares of Xcel Energy in a research report on Tuesday, October 20th. Finally, BTIG Research set a $92.00 price objective on Xcel Energy in a research note on Friday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $90.71.

About Xcel Energy

Xcel Energy Inc is a regulated electric and natural gas utility headquartered in Minneapolis, Minnesota. Through its operating companies, it generates, purchases, transmits and distributes electricity, and delivers natural gas to residential, commercial and industrial customers.

The company serves customers in eight states: Colorado, Michigan, Minnesota, New Mexico, North Dakota, South Dakota, Texas and Wisconsin. Its electric system includes a mix of generation resources, supported by transmission and distribution networks.

Xcel Energy traces its roots to Northern States Power Company, founded in 1909.