3,525 Shares in Xcel Energy Inc. (NASDAQ:XEL) Acquired by Hilltop Holdings Inc.

Hilltop Holdings Inc. acquired a new stake in shares of Xcel Energy Inc. (NASDAQ:XEL) in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund acquired 3,525 shares of the company’s stock, valued at approximately $230,000.

Several other large investors have also made changes to their positions in XEL. Park Avenue Securities LLC lifted its position in Xcel Energy by 92.4% during the second quarter. Park Avenue Securities LLC now owns 15,374 shares of the company’s stock valued at $821,000 after purchasing an additional 7,385 shares during the period. Lantz Financial LLC lifted its holdings in shares of Xcel Energy by 57.3% in the 2nd quarter. Lantz Financial LLC now owns 6,254 shares of the company’s stock valued at $334,000 after buying an additional 2,277 shares during the period. QRG Capital Management Inc. boosted its stake in shares of Xcel Energy by 0.7% in the second quarter. QRG Capital Management Inc. now owns 39,808 shares of the company’s stock worth $2,126,000 after buying an additional 272 shares during the last quarter. Czech National Bank boosted its stake in shares of Xcel Energy by 9.1% in the second quarter. Czech National Bank now owns 105,882 shares of the company’s stock worth $5,655,000 after buying an additional 8,790 shares during the last quarter. Finally, RFG Advisory LLC raised its position in Xcel Energy by 6.0% during the second quarter. RFG Advisory LLC now owns 5,720 shares of the company’s stock valued at $306,000 after acquiring an additional 323 shares in the last quarter. 78.38% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. UBS Group upped their price objective on Xcel Energy from $66.00 to $67.00 and gave the stock a “neutral” rating in a research report on Friday, September 20th. Argus raised shares of Xcel Energy from a “hold” rating to a “buy” rating and set a $68.00 price target on the stock in a report on Monday, August 26th. KeyCorp lifted their price objective on shares of Xcel Energy from $74.00 to $79.00 and gave the company an “overweight” rating in a report on Wednesday. Wells Fargo & Company increased their target price on shares of Xcel Energy from $63.00 to $66.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 16th. Finally, Jefferies Financial Group upgraded Xcel Energy from a “hold” rating to a “buy” rating and lifted their price target for the company from $71.00 to $76.00 in a research note on Friday, November 1st. Seven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, Xcel Energy has an average rating of “Moderate Buy” and a consensus target price of $67.00.

Xcel Energy Price Performance

Shares of Xcel Energy stock opened at $69.74 on Friday. The stock has a market capitalization of $40.05 billion, a P/E ratio of 20.69, a PEG ratio of 2.89 and a beta of 0.41. The business has a 50 day simple moving average of $66.88 and a two-hundred day simple moving average of $60.89. Xcel Energy Inc. has a 12 month low of $46.79 and a 12 month high of $73.38. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.93 and a quick ratio of 0.82.

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). Xcel Energy had a net margin of 13.67% and a return on equity of 10.76%. The firm had revenue of $3.64 billion during the quarter, compared to analyst estimates of $3.93 billion. During the same period in the prior year, the company posted $1.23 earnings per share. The firm’s revenue for the quarter was down .5% compared to the same quarter last year. As a group, analysts predict that Xcel Energy Inc. will post 3.54 EPS for the current fiscal 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.