First Dallas Securities Inc. Sells 846 Shares of Xcel Energy Inc. $XEL

First Dallas Securities Inc. reduced its position in Xcel Energy Inc. (NASDAQ:XEL) by 3.3% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 25,128 shares of the company’s stock after selling 846 shares during the quarter. First Dallas Securities Inc.’s holdings in Xcel Energy were worth $1,711,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in XEL. Accent Capital Management LLC purchased a new stake in Xcel Energy in the 1st quarter worth about $29,000. BankPlus Trust Department bought a new position in Xcel Energy during the first quarter worth about $34,000. Rise Advisors LLC boosted its position in Xcel Energy by 62.9% during the second quarter. Rise Advisors LLC now owns 518 shares of the company’s stock worth $35,000 after purchasing an additional 200 shares during the period. Marshall & Sullivan Inc. WA purchased a new position in shares of Xcel Energy in the second quarter worth about $44,000. Finally, RMG Wealth Management LLC bought a new stake in shares of Xcel Energy in the second quarter valued at approximately $46,000. Hedge funds and other institutional investors own 78.38% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Citigroup raised their price objective on shares of Xcel Energy from $80.00 to $92.00 and gave the stock a “buy” rating in a report on Monday, November 3rd. BTIG Research raised Xcel Energy to a “strong-buy” rating in a report on Wednesday, October 22nd. Royal Bank Of Canada initiated coverage on Xcel Energy in a research report on Tuesday, October 28th. They issued a “moderate buy” rating for the company. KeyCorp increased their price objective on Xcel Energy from $79.00 to $85.00 and gave the stock an “overweight” rating in a report on Wednesday, October 15th. Finally, Mizuho raised their target price on Xcel Energy from $83.00 to $87.00 and gave the stock an “outperform” rating in a research note on Monday, October 27th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $87.29.

Xcel Energy Price Performance

XEL stock opened at $80.91 on Monday. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.96 and a quick ratio of 0.85. Xcel Energy Inc. has a one year low of $62.58 and a one year high of $83.01. The stock has a market cap of $47.86 billion, a PE ratio of 22.41, a P/E/G ratio of 2.81 and a beta of 0.38. The firm has a 50 day simple moving average of $77.80 and a two-hundred day simple moving average of $72.93.

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