Xcel Energy Inc. (NASDAQ:XEL) Shares Sold by Creative Capital Management Investments LLC

Creative Capital Management Investments LLC cut its holdings in Xcel Energy Inc. (NASDAQ:XEL) by 8.7% in the 3rd quarter, HoldingsChannel reports. The fund owned 2,089 shares of the company’s stock after selling 200 shares during the period. Creative Capital Management Investments LLC’s holdings in Xcel Energy were worth $136,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in XEL. TruNorth Capital Management LLC acquired a new position in Xcel Energy in the second quarter valued at $30,000. American National Bank acquired a new stake in Xcel Energy in the 2nd quarter worth about $32,000. Kimelman & Baird LLC purchased a new stake in Xcel Energy in the 2nd quarter valued at about $35,000. Rothschild Investment LLC acquired a new position in shares of Xcel Energy during the 2nd quarter valued at about $37,000. Finally, Voisard Asset Management Group Inc. purchased a new position in shares of Xcel Energy during the 2nd quarter worth about $43,000. Hedge funds and other institutional investors own 78.38% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on XEL shares. UBS Group boosted their target price on shares of Xcel Energy from $66.00 to $67.00 and gave the company a “neutral” rating in a report on Friday, September 20th. Morgan Stanley lifted their price target on shares of Xcel Energy from $68.00 to $73.00 and gave the company an “equal weight” rating in a report on Wednesday, September 25th. Argus upgraded Xcel Energy from a “hold” rating to a “buy” rating and set a $68.00 price objective for the company in a report on Monday, August 26th. KeyCorp lifted their target price on Xcel Energy from $69.00 to $74.00 and gave the company an “overweight” rating in a report on Friday. Finally, Jefferies Financial Group raised Xcel Energy from a “hold” rating to a “buy” rating and boosted their price target for the company from $71.00 to $76.00 in a research report on Friday. Seven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $66.38.

Xcel Energy Price Performance

XEL stock opened at $66.69 on Friday. The firm has a market cap of $37.18 billion, a P/E ratio of 19.91, a price-to-earnings-growth ratio of 2.77 and a beta of 0.39. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.86 and a current ratio of 0.97. Xcel Energy Inc. has a 1 year low of $46.79 and a 1 year high of $68.36. The stock has a 50-day simple moving average of $63.61 and a 200-day simple moving average of $58.25.

Xcel Energy (NASDAQ:XEL) last issued its quarterly earnings data on Thursday, October 31st. The company reported $1.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.31 by ($0.06). Xcel Energy had a net margin of 13.46% and a return on equity of 10.94%. The firm had revenue of $3.64 billion during the quarter, compared to analyst estimates of $3.93 billion. During the same period last year, the business earned $1.23 EPS. The firm’s revenue was down .5% compared to the same quarter last year. On average, equities analysts predict that Xcel Energy Inc. will post 3.55 earnings per share 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.