First National Bank Sioux Falls Invests $222,000 in Xcel Energy Inc. (NASDAQ:XEL)

First National Bank Sioux Falls acquired a new stake in shares of Xcel Energy Inc. (NASDAQ:XEL) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 3,404 shares of the company’s stock, valued at approximately $222,000.

Several other large investors also recently added to or reduced their stakes in XEL. Price T Rowe Associates Inc. MD increased its holdings in shares of Xcel Energy by 770.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 7,552,625 shares of the company’s stock worth $405,955,000 after buying an additional 6,684,499 shares during the period. Jupiter Asset Management Ltd. purchased a new position in shares of Xcel Energy in the first quarter worth about $80,283,000. Federated Hermes Inc. increased its holdings in shares of Xcel Energy by 120.2% in the second quarter. Federated Hermes Inc. now owns 2,379,615 shares of the company’s stock worth $127,095,000 after buying an additional 1,299,025 shares during the period. American Century Companies Inc. increased its holdings in shares of Xcel Energy by 130.4% in the second quarter. American Century Companies Inc. now owns 2,084,345 shares of the company’s stock worth $111,325,000 after buying an additional 1,179,823 shares during the period. Finally, Zimmer Partners LP increased its holdings in shares of Xcel Energy by 1,765.0% in the first quarter. Zimmer Partners LP now owns 932,505 shares of the company’s stock worth $50,122,000 after buying an additional 882,505 shares during the period. Institutional investors own 78.38% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. UBS Group boosted their price target on Xcel Energy from $66.00 to $67.00 and gave the company a “neutral” rating in a report on Friday, September 20th. KeyCorp boosted their price target on Xcel Energy from $69.00 to $74.00 and gave the company an “overweight” rating in a report on Friday. Barclays boosted their price target on Xcel Energy from $57.00 to $67.00 and gave the company an “overweight” rating in a report on Monday, October 21st. Jefferies Financial Group upgraded Xcel Energy from a “hold” rating to a “buy” rating and boosted their price target for the company from $71.00 to $76.00 in a report on Friday. Finally, Wells Fargo & Company boosted their price target on Xcel Energy from $63.00 to $66.00 and gave the company an “equal weight” rating in a report on Wednesday, October 16th. Seven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $66.38.

Xcel Energy Stock Down 0.2 %

XEL stock traded down $0.12 during midday trading on Friday, hitting $66.69. The company’s stock had a trading volume of 6,860,953 shares, compared to its average volume of 3,615,531. The company has a market cap of $37.18 billion, a PE ratio of 19.79, a P/E/G ratio of 2.94 and a beta of 0.38. Xcel Energy Inc. has a 12 month low of $46.79 and a 12 month high of $68.36. The company has a current ratio of 0.97, a quick ratio of 0.86 and a debt-to-equity ratio of 1.54. The firm’s 50-day moving average is $63.61 and its 200-day moving average is $58.29.

Xcel Energy (NASDAQ:XEL) last announced its earnings results on Thursday, October 31st. The company reported $1.25 earnings per share for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.06). The company had revenue of $3.64 billion for the quarter, compared to analysts’ expectations of $3.93 billion. Xcel Energy had a net margin of 13.67% and a return on equity of 10.99%. Xcel Energy’s quarterly revenue was down .5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.23 earnings per share. On average, equities research analysts forecast that Xcel Energy Inc. will post 3.55 earnings per share for the current fiscal year.

About Xcel Energy

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.