Guggenheim Capital LLC Has $20.23 Million Position in Xcel Energy Inc. $XEL

Guggenheim Capital LLC lifted its stake in shares of Xcel Energy Inc. (NASDAQ:XEL) by 30.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 297,116 shares of the company’s stock after purchasing an additional 70,060 shares during the quarter. Guggenheim Capital LLC owned 0.05% of Xcel Energy worth $20,234,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC acquired a new stake in Xcel Energy in the fourth quarter valued at approximately $240,000. Commonwealth Equity Services LLC increased its holdings in shares of Xcel Energy by 5.0% during the first quarter. Commonwealth Equity Services LLC now owns 258,802 shares of the company’s stock worth $18,321,000 after buying an additional 12,304 shares in the last quarter. Cary Street Partners Investment Advisory LLC lifted its stake in shares of Xcel Energy by 36.9% in the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 861 shares of the company’s stock valued at $61,000 after acquiring an additional 232 shares during the last quarter. Intrust Bank NA boosted its holdings in shares of Xcel Energy by 2.3% during the 1st quarter. Intrust Bank NA now owns 10,544 shares of the company’s stock valued at $746,000 after acquiring an additional 238 shares in the last quarter. Finally, Legacy Capital Group California Inc. acquired a new stake in shares of Xcel Energy during the 1st quarter valued at $446,000. 78.38% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Morgan Stanley reaffirmed an “underperform” rating and issued a $84.00 target price on shares of Xcel Energy in a report on Thursday, November 20th. Weiss Ratings upgraded shares of Xcel Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, October 24th. Evercore ISI assumed coverage on shares of Xcel Energy in a research report on Monday, October 6th. They issued an “outperform” rating and a $92.00 price target for the company. BMO Capital Markets raised their price target on shares of Xcel Energy from $84.00 to $87.00 and gave the company an “outperform” rating in a research note on Wednesday, October 15th. Finally, Barclays lifted their price target on shares of Xcel Energy from $83.00 to $85.00 and gave the stock an “overweight” rating in a report on Wednesday, November 5th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Xcel Energy has a consensus rating of “Moderate Buy” and an average target price of $87.14.

Xcel Energy Price Performance

Shares of Xcel Energy stock opened at $77.77 on Friday. The firm has a market cap of $46.00 billion, a PE ratio of 23.71, a PEG ratio of 2.32 and a beta of 0.45. The stock has a 50 day moving average of $80.57 and a 200 day moving average of $74.21. The company has a current ratio of 0.79, a quick ratio of 0.69 and a debt-to-equity ratio of 1.51. Xcel Energy Inc. has a 12 month low of $62.58 and a 12 month high of $83.01.

Xcel Energy (NASDAQ:XEL) last released its quarterly earnings data on Wednesday, October 29th. The company reported $1.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.08). The firm 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 10.45% and a net margin of 13.46%.The business’s revenue was up 7.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.25 EPS. On average, research analysts expect that Xcel Energy Inc. will post 3.82 EPS for the current fiscal year.

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.