Ballast Advisors LLC Sells 838 Shares of Xcel Energy Inc. (NASDAQ:XEL)

Ballast Advisors LLC lowered its stake in shares of Xcel Energy Inc. (NASDAQ:XEL) by 17.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,862 shares of the company’s stock after selling 838 shares during the quarter. Ballast Advisors LLC’s holdings in Xcel Energy were worth $252,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of XEL. Integris Wealth Management LLC boosted its stake in Xcel Energy by 2.7% during the third quarter. Integris Wealth Management LLC now owns 6,163 shares of the company’s stock worth $402,000 after buying an additional 163 shares in the last quarter. Gateway Wealth Partners LLC boosted its stake in shares of Xcel Energy by 4.3% in the 2nd quarter. Gateway Wealth Partners LLC now owns 4,413 shares of the company’s stock valued at $236,000 after purchasing an additional 182 shares in the last quarter. Sumitomo Life Insurance Co. boosted its stake in shares of Xcel Energy by 2.9% in the 3rd quarter. Sumitomo Life Insurance Co. now owns 6,591 shares of the company’s stock valued at $430,000 after purchasing an additional 183 shares in the last quarter. Dakota Wealth Management boosted its stake in shares of Xcel Energy by 0.9% in the 3rd quarter. Dakota Wealth Management now owns 22,979 shares of the company’s stock valued at $1,500,000 after purchasing an additional 205 shares in the last quarter. Finally, Avantax Advisory Services Inc. boosted its stake in shares of Xcel Energy by 1.3% in the 1st quarter. Avantax Advisory Services Inc. now owns 16,054 shares of the company’s stock valued at $863,000 after purchasing an additional 212 shares in the last quarter. Institutional investors own 78.38% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on XEL shares. Argus raised Xcel Energy from a “hold” rating to a “buy” rating and set a $68.00 price target for the company in a report on Monday, August 26th. Jefferies Financial Group upgraded Xcel Energy from a “hold” rating to a “buy” rating and boosted their price objective for the company from $71.00 to $76.00 in a research report on Friday, November 1st. Morgan Stanley upped their price target on Xcel Energy from $68.00 to $73.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 25th. KeyCorp increased their price objective on Xcel Energy from $69.00 to $74.00 and gave the company an “overweight” rating in a report on Friday, November 1st. Finally, Barclays increased their price target on Xcel Energy from $57.00 to $67.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Seven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, Xcel Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $66.38.

Xcel Energy Stock Down 0.6 %

XEL stock traded down $0.38 on Wednesday, reaching $65.95. 265,620 shares of the company traded hands, compared to its average volume of 4,191,487. Xcel Energy Inc. has a one year low of $46.79 and a one year high of $68.36. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.93 and a quick ratio of 0.82. The company has a market cap of $36.77 billion, a P/E ratio of 19.68, a price-to-earnings-growth ratio of 2.94 and a beta of 0.38. The firm has a fifty day simple moving average of $63.80 and a 200-day simple moving average of $58.49.

Xcel Energy (NASDAQ:XEL) last issued its earnings results on Thursday, October 31st. The company reported $1.25 EPS for the quarter, missing the consensus estimate of $1.26 by ($0.01). Xcel Energy had a net margin of 13.67% and a return on equity of 10.76%. The business had revenue of $3.64 billion for the quarter, compared to analysts’ expectations of $3.93 billion. During the same quarter in the prior year, the business posted $1.23 earnings per share. The business’s revenue for the quarter was down .5% on a year-over-year basis. Research analysts anticipate that Xcel Energy Inc. will post 3.55 earnings per share for the current 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.