KCM Investment Advisors LLC Trims Stock Position in Xcel Energy Inc. (NASDAQ:XEL)

KCM Investment Advisors LLC lessened its holdings in shares of Xcel Energy Inc. (NASDAQ:XEL) by 10.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,409 shares of the company’s stock after selling 900 shares during the period. KCM Investment Advisors LLC’s holdings in Xcel Energy were worth $484,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Ashton Thomas Securities LLC purchased a new position in Xcel Energy in the third quarter valued at $25,000. TruNorth Capital Management LLC purchased a new position in Xcel Energy in the second quarter valued at $30,000. American National Bank purchased a new position in Xcel Energy in the second quarter valued at $32,000. Transcendent Capital Group LLC purchased a new position in Xcel Energy in the third quarter valued at $33,000. Finally, Kimelman & Baird LLC purchased a new position in Xcel Energy in the second quarter valued at $35,000. Hedge funds and other institutional investors own 78.38% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on XEL shares. UBS Group lifted their target price on shares of Xcel Energy from $66.00 to $67.00 and gave the company a “neutral” rating in a research report on Friday, September 20th. KeyCorp lifted their target price on shares of Xcel Energy from $69.00 to $74.00 and gave the company an “overweight” rating in a research report on Friday, November 1st. Jefferies Financial Group upgraded shares of Xcel Energy from a “hold” rating to a “buy” rating and lifted their target price for the company from $71.00 to $76.00 in a research report on Friday, November 1st. Morgan Stanley lifted their target price on shares of Xcel Energy from $68.00 to $73.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 25th. Finally, Barclays lifted their target price on shares of Xcel Energy from $57.00 to $67.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. Seven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $66.38.

Xcel Energy Stock Performance

NASDAQ:XEL opened at $69.46 on Friday. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.93 and a quick ratio of 0.82. The firm has a market capitalization of $39.89 billion, a price-to-earnings ratio of 20.61, a PEG ratio of 2.80 and a beta of 0.38. The company’s 50-day moving average is $64.76 and its two-hundred day moving average is $59.18. Xcel Energy Inc. has a 1-year low of $46.79 and a 1-year high of $69.90.

Xcel Energy (NASDAQ:XEL) last posted its earnings results on Thursday, October 31st. The company reported $1.25 earnings per share for the quarter, missing the consensus estimate of $1.26 by ($0.01). The firm had revenue of $3.64 billion during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.23 earnings per share. Analysts forecast that Xcel Energy Inc. will post 3.55 EPS for the current 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.