Ramsay Stattman Vela & Price Inc. Sells 313 Shares of Xcel Energy Inc. (NASDAQ:XEL)

Ramsay Stattman Vela & Price Inc. lowered its stake in shares of Xcel Energy Inc. (NASDAQ:XEL) by 7.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,070 shares of the company’s stock after selling 313 shares during the period. Ramsay Stattman Vela & Price Inc.’s holdings in Xcel Energy were worth $266,000 as of its most recent filing with the Securities and Exchange Commission.

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

Xcel Energy Price Performance

Shares of NASDAQ:XEL traded down $0.71 during trading on Tuesday, reaching $63.77. 1,037,123 shares of the company traded hands, compared to its average volume of 4,123,709. The company’s 50 day moving average is $63.21 and its two-hundred day moving average is $57.99. The firm has a market capitalization of $35.55 billion, a PE ratio of 19.25, a PEG ratio of 2.83 and a beta of 0.39. The company has a quick ratio of 0.86, a current ratio of 0.97 and a debt-to-equity ratio of 1.54. Xcel Energy Inc. has a 52 week low of $46.79 and a 52 week high of $65.76.

Xcel Energy (NASDAQ:XEL) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.54 EPS for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.03). Xcel Energy had a return on equity of 10.94% and a net margin of 13.46%. The business had revenue of $3.03 billion for the quarter, compared to analyst estimates of $3.29 billion. During the same period last year, the firm posted $0.52 EPS. Xcel Energy’s quarterly revenue was up .2% on a year-over-year basis. As a group, sell-side analysts predict that Xcel Energy Inc. will post 3.56 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on XEL. Wells Fargo & Company boosted their target price on Xcel Energy from $63.00 to $66.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 16th. Jefferies Financial Group assumed coverage on Xcel Energy in a research note on Thursday, September 19th. They issued a “hold” rating and a $70.00 price target for the company. Morgan Stanley boosted their price target on Xcel Energy from $68.00 to $73.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 25th. UBS Group boosted their price target on Xcel Energy from $66.00 to $67.00 and gave the company a “neutral” rating in a research note on Friday, September 20th. Finally, Argus upgraded Xcel Energy from a “hold” rating to a “buy” rating and set a $68.00 price target for the company in a research note on Monday, August 26th. Eight research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $65.54.

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.