Xcel Energy Inc. (NASDAQ:XEL) Shares Sold by Angeles Investment Advisors LLC

Angeles Investment Advisors LLC decreased its stake in shares of Xcel Energy Inc. (NASDAQ:XEL) by 11.3% during the third quarter, HoldingsChannel reports. The firm owned 6,015 shares of the company’s stock after selling 765 shares during the quarter. Angeles Investment Advisors LLC’s holdings in Xcel Energy were worth $396,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in XEL. Ashton Thomas Securities LLC acquired a new stake in shares of Xcel Energy during the third quarter worth about $25,000. TruNorth Capital Management LLC acquired a new stake in Xcel Energy during the 2nd quarter valued at approximately $30,000. American National Bank purchased a new stake in shares of Xcel Energy in the 2nd quarter valued at $32,000. Transcendent Capital Group LLC acquired a new stake in shares of Xcel Energy in the third quarter worth $33,000. Finally, Kimelman & Baird LLC purchased a new position in shares of Xcel Energy during the second quarter worth $35,000. Hedge funds and other institutional investors own 78.38% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on XEL. Morgan Stanley increased 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. Barclays upped their price objective on Xcel Energy from $57.00 to $67.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. Jefferies Financial Group raised shares of Xcel Energy from a “hold” rating to a “buy” rating and lifted their target price for the company from $71.00 to $76.00 in a report on Friday, November 1st. UBS Group increased their price target on shares of Xcel Energy from $66.00 to $67.00 and gave the stock a “neutral” rating in a report on Friday, September 20th. Finally, Wells Fargo & Company lifted their price objective on shares of Xcel Energy from $63.00 to $66.00 and gave the company an “equal weight” rating in a report on Wednesday, October 16th. Seven analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $66.38.

Xcel Energy Price Performance

NASDAQ:XEL traded up $0.24 during trading hours on Wednesday, hitting $68.85. 93,177 shares of the stock were exchanged, compared to its average volume of 4,204,887. The firm’s fifty day moving average price is $64.41 and its 200 day moving average price is $58.94. Xcel Energy Inc. has a 52-week low of $46.79 and a 52-week high of $69.35. The company has a market cap of $39.54 billion, a P/E ratio of 20.36, a P/E/G ratio of 2.80 and a beta of 0.38. The company has a current ratio of 0.93, a quick ratio of 0.82 and a debt-to-equity ratio of 1.42.

Xcel Energy (NASDAQ:XEL) last posted its quarterly earnings data on Thursday, October 31st. The company reported $1.25 EPS for the quarter, missing the consensus estimate of $1.26 by ($0.01). The firm had revenue of $3.64 billion during the quarter, compared to analyst estimates of $3.93 billion. Xcel Energy had a net margin of 13.67% and a return on equity of 10.76%. The firm’s revenue for the quarter was down .5% compared to the same quarter last year. During the same period in the prior year, the company posted $1.23 earnings per share. As a group, equities research analysts anticipate that Xcel Energy Inc. will post 3.55 EPS for the current fiscal year.

Xcel Energy 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.