Jones Financial Companies Lllp Grows Holdings in Xcel Energy Inc. (NASDAQ:XEL)

Jones Financial Companies Lllp increased its position in shares of Xcel Energy Inc. (NASDAQ:XEL) by 35.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,825 shares of the company’s stock after buying 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.

Several other institutional investors have also recently made changes to their positions in the company. Dakota Wealth Management increased its stake in shares of Xcel Energy by 0.7% during the fourth quarter. Dakota Wealth Management now owns 23,130 shares of the company’s stock valued at $1,562,000 after buying an additional 151 shares during the period. Rothschild Investment LLC increased its stake in shares of Xcel Energy by 26.0% during the fourth quarter. Rothschild Investment LLC now owns 731 shares of the company’s stock valued at $49,000 after buying an additional 151 shares during the period. GenTrust LLC increased its stake in shares of Xcel Energy by 4.5% during the fourth quarter. GenTrust LLC now owns 3,602 shares of the company’s stock valued at $243,000 after buying an additional 155 shares during the period. Integris Wealth Management LLC increased its stake in shares of Xcel Energy by 2.6% during the fourth quarter. Integris Wealth Management LLC now owns 6,323 shares of the company’s stock valued at $427,000 after buying an additional 160 shares during the period. Finally, Bond & Devick Financial Network Inc. increased its stake in shares of Xcel Energy by 1.1% during the third quarter. Bond & Devick Financial Network Inc. now owns 15,972 shares of the company’s stock valued at $1,043,000 after buying an additional 168 shares during the period. Hedge funds and other institutional investors own 78.38% of the company’s stock.

Xcel Energy Price Performance

Shares of NASDAQ XEL opened at $68.00 on Friday. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.82 and a current ratio of 0.93. The company has a market cap of $39.07 billion, a PE ratio of 19.77, a P/E/G ratio of 2.62 and a beta of 0.37. The business has a 50-day simple moving average of $67.57 and a two-hundred day simple moving average of $66.45. Xcel Energy Inc. has a fifty-two week low of $49.89 and a fifty-two week high of $73.38.

Xcel Energy (NASDAQ:XEL) last issued its quarterly earnings results on Thursday, February 6th. The company reported $0.81 earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.06). Xcel Energy had a return on equity of 10.65% and a net margin of 14.40%. As a group, equities analysts expect that Xcel Energy Inc. will post 3.82 EPS for the current fiscal year.

Xcel Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Sunday, April 20th. Investors of record on Friday, March 14th will be issued a dividend of $0.57 per share. This is an increase from Xcel Energy’s previous quarterly dividend of $0.55. The ex-dividend date is Friday, March 14th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 3.35%. Xcel Energy’s payout ratio is 66.28%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on XEL shares. Wells Fargo & Company raised their price target on Xcel Energy from $72.00 to $75.00 and gave the company an “overweight” rating in a research note on Friday, February 7th. JPMorgan Chase & Co. raised Xcel Energy from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $69.00 to $80.00 in a research report on Thursday, December 12th. Barclays dropped their price objective on Xcel Energy from $71.00 to $69.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 22nd. Morgan Stanley dropped their price objective on 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. Finally, KeyCorp raised their price objective on Xcel Energy from $74.00 to $79.00 and gave the company an “overweight” rating in a research report on Wednesday, December 4th. Three analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $69.91.

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.