GenTrust LLC Buys Shares of 3,447 Xcel Energy Inc. (NASDAQ:XEL)

GenTrust LLC purchased a new stake in shares of Xcel Energy Inc. (NASDAQ:XEL) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 3,447 shares of the company’s stock, valued at approximately $227,000.

A number of other large investors have also recently added to or reduced their stakes in the business. Integris Wealth Management LLC increased its position in shares of Xcel Energy by 2.7% during the third quarter. Integris Wealth Management LLC now owns 6,163 shares of the company’s stock valued at $402,000 after acquiring an additional 163 shares during the last quarter. Bond & Devick Financial Network Inc. increased its holdings in Xcel Energy by 1.1% in the 3rd quarter. Bond & Devick Financial Network Inc. now owns 15,972 shares of the company’s stock valued at $1,043,000 after purchasing an additional 168 shares during the last quarter. Gateway Wealth Partners LLC raised its position in Xcel Energy by 4.3% in the second 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 during the period. Sumitomo Life Insurance Co. lifted its stake in Xcel Energy by 2.9% during the third quarter. Sumitomo Life Insurance Co. now owns 6,591 shares of the company’s stock worth $430,000 after purchasing an additional 183 shares in the last quarter. Finally, Dakota Wealth Management boosted its position in shares of Xcel Energy by 0.9% during the third quarter. Dakota Wealth Management now owns 22,979 shares of the company’s stock worth $1,500,000 after buying an additional 205 shares during the period. 78.38% of the stock is currently owned by institutional investors and hedge funds.

Xcel Energy Stock Performance

Shares of XEL opened at $71.35 on Friday. The company has a market capitalization of $40.97 billion, a price-to-earnings ratio of 21.17, a price-to-earnings-growth ratio of 2.92 and a beta of 0.38. Xcel Energy Inc. has a 52-week low of $46.79 and a 52-week high of $71.79. The company has a quick ratio of 0.82, a current ratio of 0.93 and a debt-to-equity ratio of 1.42. The stock has a 50 day moving average price of $65.42 and a 200 day moving average price of $59.78.

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

Analysts Set New Price Targets

Several equities analysts recently issued reports on XEL shares. KeyCorp increased their target price on Xcel Energy from $69.00 to $74.00 and gave the stock an “overweight” rating in a research note on Friday, November 1st. 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 research report on Monday, August 26th. Jefferies Financial Group raised shares of Xcel Energy from a “hold” rating to a “buy” rating and raised their price objective for the company from $71.00 to $76.00 in a research note on Friday, November 1st. Morgan Stanley cut their target price on shares of Xcel Energy from $74.00 to $72.00 and set an “equal weight” rating on the stock in a research note on Friday. Finally, UBS Group raised their price target on shares of Xcel Energy from $66.00 to $67.00 and gave the company a “neutral” rating in a research report on Friday, September 20th. Seven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, Xcel Energy currently has an average rating of “Moderate Buy” and a consensus price target of $66.31.

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.