Harbour Investments Inc. Purchases 978 Shares of Xcel Energy Inc. (NASDAQ:XEL)

Harbour Investments Inc. increased its position in shares of Xcel Energy Inc. (NASDAQ:XEL) by 5.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 19,095 shares of the company’s stock after acquiring an additional 978 shares during the period. Harbour Investments Inc.’s holdings in Xcel Energy were worth $1,247,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Apollon Wealth Management LLC increased its position in shares of Xcel Energy by 196.1% during the 3rd quarter. Apollon Wealth Management LLC now owns 28,768 shares of the company’s stock valued at $1,879,000 after purchasing an additional 19,054 shares during the last quarter. Nations Financial Group Inc. IA ADV lifted its position in Xcel Energy by 21.7% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 6,899 shares of the company’s stock worth $451,000 after buying an additional 1,231 shares during the last quarter. Bond & Devick Financial Network Inc. lifted its position in Xcel Energy by 1.1% in the 3rd quarter. Bond & Devick Financial Network Inc. now owns 15,972 shares of the company’s stock worth $1,043,000 after buying an additional 168 shares during the last quarter. Ashton Thomas Securities LLC bought a new stake in Xcel Energy in the 3rd quarter worth approximately $25,000. Finally, Transcendent Capital Group LLC bought a new stake in Xcel Energy in the 3rd quarter worth approximately $33,000. Institutional investors own 78.38% of the company’s stock.

Analysts Set New Price Targets

XEL has been the subject of a number of recent research reports. Wells Fargo & Company boosted their target price on Xcel Energy from $63.00 to $66.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 16th. Morgan Stanley boosted their price objective on Xcel Energy from $68.00 to $73.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 25th. Jefferies Financial Group upgraded Xcel Energy from a “hold” rating to a “buy” rating and boosted their price objective for the company from $71.00 to $76.00 in a research report on Friday, November 1st. Barclays boosted their price objective on Xcel Energy from $57.00 to $67.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. Finally, KeyCorp boosted their price objective on Xcel Energy from $69.00 to $74.00 and gave the company an “overweight” rating in a research report on Friday, November 1st. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, Xcel Energy currently has an average rating of “Moderate Buy” and an average target price of $66.38.

Xcel Energy Trading Up 0.4 %

Xcel Energy stock opened at $68.91 on Friday. 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 business’s fifty day simple moving average is $64.52 and its two-hundred day simple moving average is $59.00. Xcel Energy Inc. has a 12 month low of $46.79 and a 12 month high of $69.53. The company has a market capitalization of $39.57 billion, a price-to-earnings ratio of 20.40, a price-to-earnings-growth ratio of 2.80 and a beta of 0.38.

Xcel Energy (NASDAQ:XEL) last released its earnings results on Thursday, October 31st. The company reported $1.25 EPS for the quarter, missing the consensus estimate of $1.26 by ($0.01). The company had revenue of $3.64 billion during 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 revenue was down .5% compared to the same quarter last year. During the same period last year, the firm posted $1.23 earnings per share. As a group, equities analysts predict that Xcel Energy Inc. will post 3.55 earnings per share for the current fiscal year.

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.