Jones Financial Companies Lllp Purchases 3,905 Shares of Xcel Energy Inc. (NASDAQ:XEL)

Jones Financial Companies Lllp boosted its stake in Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 35.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,825 shares of the company's stock after acquiring an additional 3,905 shares during the period. Jones Financial Companies Lllp's holdings in Xcel Energy were worth $1,001,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. SRS Capital Advisors Inc. raised its position in shares of Xcel Energy by 190.5% during the fourth quarter. SRS Capital Advisors Inc. now owns 11,743 shares of the company's stock worth $793,000 after purchasing an additional 7,701 shares during the period. Bailard Inc. grew its stake in shares of Xcel Energy by 3.0% during the 4th quarter. Bailard Inc. now owns 12,837 shares of the company's stock worth $867,000 after acquiring an additional 370 shares during the period. Norden Group LLC grew its stake in shares of Xcel Energy by 16.1% during the 4th quarter. Norden Group LLC now owns 6,325 shares of the company's stock worth $427,000 after acquiring an additional 879 shares during the period. Smartleaf Asset Management LLC grew its stake in shares of Xcel Energy by 8.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 7,889 shares of the company's stock worth $533,000 after acquiring an additional 633 shares during the period. Finally, BlueStem Wealth Partners LLC bought a new position in shares of Xcel Energy during the 4th quarter worth $264,000. 78.38% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

XEL has been the subject of several research reports. Morgan Stanley cut their price target on Xcel Energy from $74.00 to $72.00 and set an "equal weight" rating for the company in a research note on Friday, November 22nd. Wells Fargo & Company raised their target price on Xcel Energy from $72.00 to $75.00 and gave the stock an "overweight" rating in a research note on Friday, February 7th. KeyCorp raised their target price on Xcel Energy from $74.00 to $79.00 and gave the stock an "overweight" rating in a research note on Wednesday, December 4th. Barclays cut their target price on Xcel Energy from $71.00 to $69.00 and set an "overweight" rating for the company in a research note on Wednesday, January 22nd. Finally, JPMorgan Chase & Co. raised Xcel Energy from a "neutral" rating to an "overweight" rating and raised their price target for the company from $69.00 to $80.00 in a report on Thursday, December 12th. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $69.91.

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Xcel Energy Price Performance

Shares of NASDAQ XEL traded up $1.72 during trading hours on Monday, reaching $69.72. 1,642,684 shares of the stock traded hands, compared to its average volume of 3,660,284. The company has a quick ratio of 0.82, a current ratio of 0.93 and a debt-to-equity ratio of 1.42. The company's 50-day simple moving average is $67.57 and its two-hundred day simple moving average is $66.50. The company has a market capitalization of $40.06 billion, a P/E ratio of 20.26, a price-to-earnings-growth ratio of 2.62 and a beta of 0.37. Xcel Energy Inc. has a 52-week low of $50.76 and a 52-week high of $73.38.

Xcel Energy (NASDAQ:XEL - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The company reported $0.81 EPS for the quarter, missing analysts' consensus estimates of $0.87 by ($0.06). Xcel Energy had a return on equity of 10.65% and a net margin of 14.40%. Equities research analysts forecast that Xcel Energy Inc. will post 3.82 EPS for the current year.

Xcel Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, April 20th. Stockholders of record on Friday, March 14th will be given a $0.57 dividend. This is a positive change from Xcel Energy's previous quarterly dividend of $0.55. This represents a $2.28 dividend on an annualized basis and a dividend yield of 3.27%. The ex-dividend date is Friday, March 14th. Xcel Energy's dividend payout ratio (DPR) is currently 66.28%.

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.