Transcendent Capital Group LLC Purchases New Position in Xcel Energy Inc. (NASDAQ:XEL)

Transcendent Capital Group LLC acquired a new position in shares of Xcel Energy Inc. (NASDAQ:XEL) during the third quarter, Holdings Channel.com reports. The institutional investor acquired 500 shares of the company’s stock, valued at approximately $33,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. TruNorth Capital Management LLC bought a new stake in shares of Xcel Energy in the second quarter worth $30,000. American National Bank acquired a new position in shares of Xcel Energy in the second quarter worth approximately $32,000. Kimelman & Baird LLC bought a new stake in Xcel Energy in the second quarter valued at approximately $35,000. Rothschild Investment LLC acquired a new stake in Xcel Energy during the 2nd quarter valued at approximately $37,000. Finally, Voisard Asset Management Group Inc. bought a new position in Xcel Energy during the 2nd quarter worth approximately $43,000. Institutional investors and hedge funds own 78.38% of the company’s stock.

Xcel Energy Trading Up 1.8 %

Shares of Xcel Energy stock opened at $67.37 on Monday. The company has a current ratio of 0.93, a quick ratio of 0.82 and a debt-to-equity ratio of 1.42. The stock has a fifty day simple moving average of $64.14 and a 200 day simple moving average of $58.71. Xcel Energy Inc. has a 12-month low of $46.79 and a 12-month high of $68.36. The company has a market capitalization of $38.69 billion, a P/E ratio of 19.99, a price-to-earnings-growth ratio of 2.75 and a beta of 0.38.

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 analysts’ expectations of $3.93 billion. During the same quarter last year, the business posted $1.23 EPS. The company’s quarterly revenue was down .5% on a year-over-year basis. On average, sell-side analysts anticipate that Xcel Energy Inc. will post 3.55 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on XEL shares. Morgan Stanley boosted their target price 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. Barclays upped their target price on Xcel Energy from $57.00 to $67.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. Jefferies Financial Group upgraded shares of Xcel Energy from a “hold” rating to a “buy” rating and lifted their price objective for the company from $71.00 to $76.00 in a research note on Friday, November 1st. Wells Fargo & Company raised their price target on shares of Xcel Energy from $63.00 to $66.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 16th. Finally, UBS Group upped their price objective 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. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $66.38.

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.