Global Retirement Partners LLC Invests $448,000 in Xcel Energy Inc. $XEL

Global Retirement Partners LLC bought a new position in shares of Xcel Energy Inc. (NASDAQ:XEL) in the second quarter, Holdings Channel reports. The fund bought 6,583 shares of the company’s stock, valued at approximately $448,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Clearstead Trust LLC increased its holdings in shares of Xcel Energy by 202.2% during the second quarter. Clearstead Trust LLC now owns 417 shares of the company’s stock worth $28,000 after purchasing an additional 279 shares during the period. Accent Capital Management LLC acquired a new stake in Xcel Energy during the first quarter worth approximately $29,000. Rise Advisors LLC increased its stake in Xcel Energy by 62.9% during the 2nd quarter. Rise Advisors LLC now owns 518 shares of the company’s stock worth $35,000 after acquiring an additional 200 shares during the period. Marshall & Sullivan Inc. WA acquired a new position in Xcel Energy in the 2nd quarter valued at $44,000. Finally, RMG Wealth Management LLC bought a new stake in shares of Xcel Energy during the 2nd quarter valued at $46,000. 78.38% of the stock is currently owned by institutional investors and hedge funds.

Xcel Energy Stock Up 1.1%

Shares of XEL opened at $82.11 on Friday. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.85 and a current ratio of 0.96. Xcel Energy Inc. has a 52 week low of $62.58 and a 52 week high of $83.01. The stock has a market capitalization of $48.57 billion, a price-to-earnings ratio of 22.75, a PEG ratio of 2.81 and a beta of 0.38. The stock has a fifty day moving average of $80.28 and a 200-day moving average of $74.01.

Xcel Energy (NASDAQ:XEL) last issued its earnings results on Wednesday, October 29th. The company reported $1.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.08). Xcel Energy had a return on equity of 10.52% and a net margin of 14.85%.The firm had revenue of $3.92 billion during the quarter, compared to analyst estimates of $3.89 billion. During the same period in the previous year, the company earned $1.25 EPS. Xcel Energy’s revenue for the quarter was up 7.4% on a year-over-year basis. As a group, sell-side analysts anticipate that Xcel Energy Inc. will post 3.82 earnings per share for the current fiscal year.

Analyst Ratings Changes

XEL has been the subject of a number of analyst reports. UBS Group set a $85.00 price target on Xcel Energy in a research note on Wednesday, November 5th. Jefferies Financial Group boosted their target price on shares of Xcel Energy from $84.00 to $92.00 and gave the company a “buy” rating in a research report on Thursday, October 16th. Bank of America increased their price target on shares of Xcel Energy from $78.00 to $84.00 and gave the stock a “buy” rating in a research report on Thursday, September 25th. BTIG Research upgraded shares of Xcel Energy to a “strong-buy” rating in a research report on Wednesday, October 22nd. Finally, TD Cowen began coverage on Xcel Energy in a research note on Thursday, October 16th. They set a “buy” rating and a $93.00 target price for the company. Two research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $87.14.

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.