Wedbush Securities Inc. Sells 11,342 Shares of Xcel Energy Inc. $XEL

Wedbush Securities Inc. reduced its stake in shares of Xcel Energy Inc. (NASDAQ:XEL) by 30.8% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 25,447 shares of the company’s stock after selling 11,342 shares during the period. Wedbush Securities Inc.’s holdings in Xcel Energy were worth $1,733,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Cbre Investment Management Listed Real Assets LLC lifted its stake in Xcel Energy by 4.4% in the second quarter. Cbre Investment Management Listed Real Assets LLC now owns 1,519,160 shares of the company’s stock valued at $103,455,000 after purchasing an additional 64,122 shares during the last quarter. Savant Capital LLC raised its stake in shares of Xcel Energy by 6.2% in the second quarter. Savant Capital LLC now owns 32,822 shares of the company’s stock valued at $2,235,000 after buying an additional 1,914 shares during the period. Quaero Capital S.A. purchased a new position in shares of Xcel Energy during the 2nd quarter valued at $400,000. Anchor Capital Advisors LLC grew its stake in shares of Xcel Energy by 2.4% during the 2nd quarter. Anchor Capital Advisors LLC now owns 660,346 shares of the company’s stock worth $44,970,000 after acquiring an additional 15,627 shares during the period. Finally, Resona Asset Management Co. Ltd. grew its stake in shares of Xcel Energy by 6.2% during the 2nd quarter. Resona Asset Management Co. Ltd. now owns 209,180 shares of the company’s stock worth $14,236,000 after acquiring an additional 12,133 shares during the period. Hedge funds and other institutional investors own 78.38% of the company’s stock.

Xcel Energy Trading Up 0.5%

Xcel Energy stock opened at $80.91 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 fifty-two week low of $62.58 and a fifty-two week high of $83.01. The stock has a market cap of $47.86 billion, a P/E ratio of 22.41, a PEG ratio of 2.81 and a beta of 0.38. The firm’s fifty day moving average price is $77.80 and its 200-day moving average price is $72.92.

Xcel Energy (NASDAQ:XEL) last posted its earnings results on Thursday, October 30th. The company reported $1.24 EPS for the quarter, missing the consensus estimate of $1.32 by ($0.08). The business had revenue of $3.92 billion for the quarter, compared to analysts’ expectations of $3.89 billion. Xcel Energy had a return on equity of 10.52% and a net margin of 14.85%.Xcel Energy’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.25 earnings per share. Equities research analysts forecast that Xcel Energy Inc. will post 3.82 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on XEL. Morgan Stanley set a $86.00 price objective on Xcel Energy and gave the company an “outperform” rating in a research note on Wednesday, October 22nd. Barclays lifted their target price on shares of Xcel Energy from $83.00 to $85.00 and gave the stock an “overweight” rating in a research note on Wednesday. KeyCorp upped their price target on shares of Xcel Energy from $79.00 to $85.00 and gave the company an “overweight” rating in a research note on Wednesday, October 15th. Royal Bank Of Canada began coverage on shares of Xcel Energy in a research note on Tuesday, October 28th. They issued a “moderate buy” rating for the company. Finally, Mizuho boosted their target price on shares of Xcel Energy from $83.00 to $87.00 and gave the company an “outperform” rating in a report on Monday, October 27th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, Xcel Energy currently has an average rating of “Buy” and a consensus price target of $87.29.

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.