1,742 Shares in Xcel Energy Inc. (NASDAQ:XEL) Acquired by Brooklyn Investment Group

Brooklyn Investment Group purchased a new stake in shares of Xcel Energy Inc. (NASDAQ:XEL) in the third quarter, Holdings Channel.com reports. The fund purchased 1,742 shares of the company’s stock, valued at approximately $114,000.

Several other institutional investors have also recently bought and sold shares of the business. Ashton Thomas Securities LLC acquired a new position in shares of Xcel Energy during the third quarter worth approximately $25,000. Transcendent Capital Group LLC acquired a new position in Xcel Energy during the 3rd quarter worth $33,000. TruNorth Capital Management LLC bought a new position in Xcel Energy in the 2nd quarter valued at $30,000. American National Bank acquired a new stake in shares of Xcel Energy in the 2nd quarter valued at $32,000. Finally, Kimelman & Baird LLC acquired a new stake in shares of Xcel Energy in the 2nd quarter valued at $35,000. Institutional investors own 78.38% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on XEL. Jefferies Financial Group upgraded Xcel Energy from a “hold” rating to a “buy” rating and raised their price target for the company from $71.00 to $76.00 in a report on Friday, November 1st. Barclays upped their price objective on Xcel Energy from $67.00 to $71.00 and gave the company an “overweight” rating in a report on Tuesday. KeyCorp raised their target price on Xcel Energy from $69.00 to $74.00 and gave the stock an “overweight” rating in a report on Friday, November 1st. Morgan Stanley cut their price target on shares of Xcel Energy from $74.00 to $72.00 and set an “equal weight” rating on the stock in a research report on Friday, November 22nd. Finally, Wells Fargo & Company lifted their price objective on shares of Xcel Energy from $63.00 to $66.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 16th. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $66.62.

Xcel Energy Stock Up 1.5 %

Shares of XEL stock opened at $72.92 on Thursday. The firm has a fifty day moving average of $65.88 and a 200-day moving average of $60.14. The company has a market capitalization of $41.87 billion, a price-to-earnings ratio of 21.64, a P/E/G ratio of 2.93 and a beta of 0.38. The company has a quick ratio of 0.82, a current ratio of 0.93 and a debt-to-equity ratio of 1.42. Xcel Energy Inc. has a 12-month low of $46.79 and a 12-month high of $73.38.

Xcel Energy (NASDAQ:XEL) last issued its quarterly 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 during the quarter, compared to the consensus estimate of $3.93 billion. Xcel Energy had a net margin of 13.67% and a return on equity of 10.76%. The business’s revenue for the quarter was down .5% on a year-over-year basis. During the same quarter last year, the firm earned $1.23 earnings per share. As a group, equities research analysts predict that Xcel Energy Inc. will post 3.54 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.