Janney Montgomery Scott LLC Has $9.06 Million Stake in Xcel Energy Inc. (NASDAQ:XEL)

Janney Montgomery Scott LLC boosted its stake in shares of Xcel Energy Inc. (NASDAQ:XELFree Report) by 4.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 134,107 shares of the company’s stock after buying an additional 6,114 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Xcel Energy were worth $9,055,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in XEL. Ashton Thomas Securities LLC acquired a new position in shares of Xcel Energy in the third quarter worth approximately $25,000. Transcendent Capital Group LLC acquired a new position in shares of Xcel Energy in the 3rd quarter worth approximately $33,000. Kimelman & Baird LLC bought a new stake in shares of Xcel Energy in the 2nd quarter valued at $35,000. MCF Advisors LLC increased its position in shares of Xcel Energy by 566.3% during the fourth quarter. MCF Advisors LLC now owns 593 shares of the company’s stock worth $40,000 after buying an additional 504 shares during the period. Finally, West Financial Advisors LLC bought a new position in Xcel Energy during the third quarter worth $43,000. Institutional investors own 78.38% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on XEL shares. Morgan Stanley cut their price target on shares of Xcel Energy from $74.00 to $72.00 and set an “equal weight” rating on the stock in a research report on Friday, November 22nd. KeyCorp lifted their target price on Xcel Energy from $74.00 to $79.00 and gave the stock an “overweight” rating in a report on Wednesday, December 4th. Wells Fargo & Company upgraded Xcel Energy from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $70.00 to $72.00 in a report on Monday, January 13th. Jefferies Financial Group upgraded shares of Xcel Energy from a “hold” rating to a “buy” rating and lifted their price objective for the company from $71.00 to $76.00 in a research note on Friday, November 1st. Finally, JPMorgan Chase & Co. raised shares of Xcel Energy from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $69.00 to $80.00 in a research note on Thursday, December 12th. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $69.50.

View Our Latest Research Report on XEL

Xcel Energy Trading Up 2.1 %

NASDAQ:XEL opened at $67.99 on Tuesday. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.93 and a quick ratio of 0.82. Xcel Energy Inc. has a one year low of $46.79 and a one year high of $73.38. The company has a market cap of $39.04 billion, a PE ratio of 20.18, a PEG ratio of 2.53 and a beta of 0.42. The firm has a 50-day moving average of $68.20 and a 200-day moving average of $64.16.

Xcel Energy (NASDAQ:XELGet Free Report) last issued its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $3.93 billion. During the same period in the prior year, the firm posted $1.23 earnings per share. The business’s revenue for the quarter was down .5% on a year-over-year basis. As a group, equities research analysts expect that Xcel Energy Inc. will post 3.54 EPS for the current fiscal year.

Xcel Energy Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Monday, January 6th will be paid a dividend of $0.5475 per share. This represents a $2.19 annualized dividend and a yield of 3.22%. The ex-dividend date is Monday, January 6th. Xcel Energy’s dividend payout ratio (DPR) is presently 64.99%.

Xcel Energy Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Xcel Energy (NASDAQ:XEL)

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