Creative Capital Management Investments LLC Lowers Stock Position in Xcel Energy Inc. (NASDAQ:XEL)

Creative Capital Management Investments LLC decreased its holdings in Xcel Energy Inc. (NASDAQ:XEL) by 8.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,089 shares of the company’s stock after selling 200 shares during the quarter. Creative Capital Management Investments LLC’s holdings in Xcel Energy were worth $136,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of XEL. TruNorth Capital Management LLC purchased a new position in shares of Xcel Energy in the 2nd quarter valued at approximately $30,000. American National Bank purchased a new position in Xcel Energy in the 2nd quarter valued at $32,000. Kimelman & Baird LLC purchased a new position in Xcel Energy in the 2nd quarter valued at $35,000. Rothschild Investment LLC acquired a new position in Xcel Energy in the 2nd quarter valued at $37,000. Finally, Voisard Asset Management Group Inc. purchased a new position in Xcel Energy during the 2nd quarter worth $43,000. Institutional investors and hedge funds own 78.38% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on XEL. 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 report on Monday, October 21st. KeyCorp lifted their price objective on Xcel Energy from $69.00 to $74.00 and gave the company an “overweight” rating in a report on Friday. Argus raised Xcel Energy from a “hold” rating to a “buy” rating and set a $68.00 target price for the company in a research note on Monday, August 26th. UBS Group upped their price objective on Xcel Energy from $66.00 to $67.00 and gave the stock a “neutral” rating in a report on Friday, September 20th. Finally, Morgan Stanley raised their target price on Xcel Energy from $68.00 to $73.00 and gave the company an “equal weight” rating in a report on Wednesday, September 25th. Seven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $66.38.

Xcel Energy Stock Performance

Shares of XEL opened at $66.69 on Friday. The company has a 50-day moving average of $63.61 and a two-hundred day moving average of $58.25. The stock has a market cap of $37.18 billion, a P/E ratio of 19.91, a PEG ratio of 2.77 and a beta of 0.39. Xcel Energy Inc. has a 12-month low of $46.79 and a 12-month high of $68.36. The company has a current ratio of 0.97, a quick ratio of 0.86 and a debt-to-equity ratio of 1.54.

Xcel Energy (NASDAQ:XEL) last posted its earnings results on Thursday, October 31st. The company reported $1.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.06). The company had revenue of $3.64 billion during the quarter, compared to analysts’ expectations of $3.93 billion. Xcel Energy had a net margin of 13.46% and a return on equity of 10.94%. Xcel Energy’s quarterly revenue was down .5% compared to the same quarter last year. During the same period in the previous year, the company posted $1.23 EPS. As a group, research analysts predict that Xcel Energy Inc. will post 3.55 EPS 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.