Oppenheimer Asset Management Inc. Acquires 485 Shares of Xcel Energy Inc. $XEL

Oppenheimer Asset Management Inc. raised its holdings in shares of Xcel Energy Inc. (NASDAQ:XEL) by 2.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,062 shares of the company’s stock after purchasing an additional 485 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Xcel Energy were worth $1,502,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in XEL. Accent Capital Management LLC bought a new position in shares of Xcel Energy during the first quarter valued at approximately $29,000. BankPlus Trust Department bought a new stake in Xcel Energy in the first quarter valued at $34,000. Rise Advisors LLC increased its position in Xcel Energy by 62.9% during the 2nd quarter. Rise Advisors LLC now owns 518 shares of the company’s stock valued at $35,000 after purchasing an additional 200 shares during the period. Marshall & Sullivan Inc. WA bought a new position in Xcel Energy in the 2nd quarter worth $44,000. Finally, RMG Wealth Management LLC bought a new position in Xcel Energy in the 2nd quarter worth $46,000. 78.38% of the stock is currently owned by institutional investors.

Xcel Energy Price Performance

Shares of NASDAQ XEL opened at $81.59 on Friday. The company has a 50 day simple moving average of $76.82 and a two-hundred day simple moving average of $72.44. Xcel Energy Inc. has a fifty-two week low of $62.58 and a fifty-two week high of $83.01. The company has a market capitalization of $48.25 billion, a price-to-earnings ratio of 22.60, a P/E/G ratio of 2.81 and a beta of 0.37. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.85 and a current ratio of 0.96.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Jefferies Financial Group lifted their target price on shares of Xcel Energy from $84.00 to $92.00 and gave the company a “buy” rating in a research note on Thursday, October 16th. Mizuho raised their price objective on shares of Xcel Energy from $83.00 to $87.00 and gave the stock an “outperform” rating in a report on Monday. TD Cowen assumed coverage on Xcel Energy in a research report on Thursday, October 16th. They set a “buy” rating and a $93.00 price objective on the stock. Morgan Stanley set a $86.00 target price on Xcel Energy and gave the stock an “outperform” rating in a report on Wednesday, October 22nd. Finally, UBS Group increased their target price on Xcel Energy from $82.00 to $84.00 and gave the stock a “neutral” rating in a research report on Friday, October 10th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Buy” and an average price target of $86.54.

About Xcel Energy

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.