True Wealth Design LLC Cuts Stock Holdings in Xcel Energy Inc. $XEL

True Wealth Design LLC cut its position in shares of Xcel Energy Inc. (NASDAQ:XEL) by 53.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 952 shares of the company’s stock after selling 1,085 shares during the period. True Wealth Design LLC’s holdings in Xcel Energy were worth $65,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Brighton Jones LLC acquired a new position in shares of Xcel Energy in the fourth quarter worth about $240,000. Nisa Investment Advisors LLC increased its stake in shares of Xcel Energy by 9.8% in the 1st quarter. Nisa Investment Advisors LLC now owns 61,516 shares of the company’s stock valued at $4,390,000 after purchasing an additional 5,497 shares in the last quarter. Cerity Partners LLC raised its holdings in Xcel Energy by 10.1% in the 1st quarter. Cerity Partners LLC now owns 305,905 shares of the company’s stock worth $21,658,000 after purchasing an additional 27,964 shares during the period. Arizona State Retirement System raised its holdings in Xcel Energy by 2.5% in the 1st quarter. Arizona State Retirement System now owns 166,027 shares of the company’s stock worth $11,753,000 after purchasing an additional 4,100 shares during the period. Finally, BankPlus Trust Department purchased a new position in Xcel Energy during the first quarter worth approximately $34,000. Institutional investors and hedge funds own 78.38% of the company’s stock.

Analyst Upgrades and Downgrades

XEL has been the topic of several research analyst reports. Morgan Stanley set a $86.00 price objective on Xcel Energy and gave the company an “outperform” rating in a report on Wednesday, October 22nd. Evercore ISI started coverage on shares of Xcel Energy in a research note on Monday, October 6th. They issued an “outperform” rating and a $92.00 price target on the stock. Cowen initiated coverage on shares of Xcel Energy in a report on Wednesday, October 15th. They issued a “buy” rating for the company. TD Cowen began coverage on shares of Xcel Energy in a research report on Thursday, October 16th. They set a “buy” rating and a $93.00 price objective for the company. Finally, BTIG Research upgraded shares of Xcel Energy to a “strong-buy” rating in a research report on Wednesday, October 22nd. Two equities research 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 stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $87.29.

Xcel Energy Stock Up 0.5%

Shares of XEL opened at $80.91 on Friday. The stock has a 50 day moving average price of $77.80 and a 200 day moving average price of $72.92. Xcel Energy Inc. has a one year low of $62.58 and a one year high of $83.01. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.85 and a current ratio of 0.96. The stock has a market capitalization of $47.86 billion, a price-to-earnings ratio of 22.41, a PEG ratio of 2.81 and a beta of 0.38.

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