Copley Financial Group Inc. Takes $532,000 Position in Xcel Energy Inc. (NASDAQ:XEL)

Copley Financial Group Inc. bought a new position in shares of Xcel Energy Inc. (NASDAQ:XEL) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 8,144 shares of the company’s stock, valued at approximately $532,000.

Several other large investors have also recently bought and sold shares of XEL. Envestnet Portfolio Solutions Inc. boosted its holdings in shares of Xcel Energy by 21.6% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 61,167 shares of the company’s stock valued at $3,267,000 after buying an additional 10,851 shares in the last quarter. Raymond James & Associates increased its position in shares of Xcel Energy by 83.5% during the second quarter. Raymond James & Associates now owns 1,103,809 shares of the company’s stock worth $58,954,000 after purchasing an additional 502,231 shares in the last quarter. ING Groep NV increased its position in shares of Xcel Energy by 85.0% during the third quarter. ING Groep NV now owns 231,482 shares of the company’s stock worth $15,116,000 after purchasing an additional 106,326 shares in the last quarter. Savant Capital LLC lifted its holdings in shares of Xcel Energy by 112.7% in the 2nd quarter. Savant Capital LLC now owns 31,771 shares of the company’s stock valued at $1,697,000 after purchasing an additional 16,834 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd grew its stake in Xcel Energy by 64.4% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 27,634 shares of the company’s stock worth $1,805,000 after buying an additional 10,821 shares during the last quarter. Hedge funds and other institutional investors own 78.38% of the company’s stock.

Xcel Energy Stock Down 0.8 %

XEL stock traded down $0.56 during mid-day trading on Friday, hitting $67.93. 88,412 shares of the company were exchanged, compared to its average volume of 4,083,970. The company has a market capitalization of $39.01 billion, a PE ratio of 20.32, a price-to-earnings-growth ratio of 2.80 and a beta of 0.41. The firm has a fifty day simple moving average of $67.18 and a 200 day simple moving average of $61.24. The company has a current ratio of 0.93, a quick ratio of 0.82 and a debt-to-equity ratio of 1.42. Xcel Energy Inc. has a twelve month low of $46.79 and a twelve month high of $73.38.

Xcel Energy (NASDAQ:XEL) last released 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). The firm had revenue of $3.64 billion for the quarter, compared to the consensus estimate of $3.93 billion. Xcel Energy had a return on equity of 10.76% and a net margin of 13.67%. The company’s quarterly revenue was down .5% on a year-over-year basis. During the same period in the prior year, the business earned $1.23 EPS. On average, research analysts forecast that Xcel Energy Inc. will post 3.54 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on XEL shares. Barclays raised their target price on shares of Xcel Energy from $67.00 to $71.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 26th. Wells Fargo & Company upped their target price on shares of Xcel Energy from $63.00 to $66.00 and gave the company an “equal weight” rating in a report on Wednesday, October 16th. Morgan Stanley lowered their price target on Xcel Energy from $74.00 to $72.00 and set an “equal weight” rating on the stock in a report on Friday, November 22nd. UBS Group upped their price objective on Xcel Energy from $66.00 to $67.00 and gave the company a “neutral” rating in a research note on Friday, September 20th. Finally, KeyCorp lifted their target price on Xcel Energy from $74.00 to $79.00 and gave the company an “overweight” rating in a research note on Wednesday, December 4th. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, Xcel Energy has a consensus rating of “Moderate Buy” and an average price target of $68.62.

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.