Mesirow Financial Investment Management Inc. Has $557,000 Stock Position in Xcel Energy Inc. (NASDAQ:XEL)

Mesirow Financial Investment Management Inc. increased its position in Xcel Energy Inc. (NASDAQ:XEL) by 100.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,522 shares of the company’s stock after purchasing an additional 4,270 shares during the quarter. Mesirow Financial Investment Management Inc.’s holdings in Xcel Energy were worth $557,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Integris Wealth Management LLC lifted its holdings in shares of Xcel Energy by 2.7% during the 3rd quarter. Integris Wealth Management LLC now owns 6,163 shares of the company’s stock valued at $402,000 after purchasing an additional 163 shares in the last quarter. Gateway Wealth Partners LLC lifted its holdings in shares of Xcel Energy by 4.3% during the 2nd quarter. Gateway Wealth Partners LLC now owns 4,413 shares of the company’s stock valued at $236,000 after purchasing an additional 182 shares in the last quarter. Sumitomo Life Insurance Co. lifted its holdings in shares of Xcel Energy by 2.9% during the 3rd quarter. Sumitomo Life Insurance Co. now owns 6,591 shares of the company’s stock valued at $430,000 after purchasing an additional 183 shares in the last quarter. Dakota Wealth Management lifted its holdings in shares of Xcel Energy by 0.9% during the 3rd quarter. Dakota Wealth Management now owns 22,979 shares of the company’s stock valued at $1,500,000 after purchasing an additional 205 shares in the last quarter. Finally, Avantax Advisory Services Inc. lifted its holdings in shares of Xcel Energy by 1.3% during the 1st quarter. Avantax Advisory Services Inc. now owns 16,054 shares of the company’s stock valued at $863,000 after purchasing an additional 212 shares in the last quarter. 78.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently weighed in on XEL shares. Wells Fargo & Company lifted their price objective on Xcel Energy from $63.00 to $66.00 and gave the company an “equal weight” rating in a report on Wednesday, October 16th. UBS Group boosted their target price on Xcel Energy from $66.00 to $67.00 and gave the company a “neutral” rating in a research note on Friday, September 20th. Argus upgraded Xcel Energy from a “hold” rating to a “buy” rating and set a $68.00 target price on the stock in a research note on Monday, August 26th. Morgan Stanley boosted their target price on Xcel Energy from $68.00 to $73.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 25th. Finally, Barclays boosted their target price on Xcel Energy from $57.00 to $67.00 and gave the company an “overweight” rating in a research note 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’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $66.38.

Xcel Energy Stock Up 1.9 %

XEL opened at $68.65 on Tuesday. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.82 and a current ratio of 0.93. Xcel Energy Inc. has a fifty-two week low of $46.79 and a fifty-two week high of $68.82. The company has a market capitalization of $39.42 billion, a P/E ratio of 20.37, a P/E/G ratio of 2.75 and a beta of 0.38. The stock has a fifty day moving average of $64.14 and a 200-day moving average of $58.74.

Xcel Energy (NASDAQ:XEL) last issued its quarterly earnings results on Thursday, October 31st. The company reported $1.25 EPS for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.01). Xcel Energy had a return on equity of 10.76% and a net margin of 13.67%. The company had revenue of $3.64 billion during the quarter, compared to the consensus estimate of $3.93 billion. During the same quarter in the previous year, the business posted $1.23 EPS. The firm’s revenue for the quarter was down .5% on a year-over-year basis. On average, equities analysts expect that Xcel Energy Inc. will post 3.55 EPS for the current 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.