Xcel Energy Inc. (XEL) Shares Bought by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC boosted its position in shares of Xcel Energy Inc. (NYSE:XEL) by 3.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 72,693 shares of the utilities provider’s stock after acquiring an additional 2,483 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Xcel Energy were worth $3,440,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Assetmark Inc. boosted its holdings in Xcel Energy by 118.9% during the 3rd quarter. Assetmark Inc. now owns 2,191 shares of the utilities provider’s stock valued at $104,000 after acquiring an additional 1,190 shares during the period. Parallel Advisors LLC boosted its holdings in Xcel Energy by 1.6% during the 2nd quarter. Parallel Advisors LLC now owns 2,227 shares of the utilities provider’s stock valued at $105,000 after acquiring an additional 36 shares during the period. Sandy Spring Bank boosted its holdings in Xcel Energy by 24.8% during the 2nd quarter. Sandy Spring Bank now owns 2,401 shares of the utilities provider’s stock valued at $110,000 after acquiring an additional 477 shares during the period. Dupont Capital Management Corp purchased a new position in Xcel Energy during the 2nd quarter valued at about $135,000. Finally, BB&T Investment Services Inc. boosted its holdings in Xcel Energy by 73.3% during the 3rd quarter. BB&T Investment Services Inc. now owns 2,730 shares of the utilities provider’s stock valued at $145,000 after acquiring an additional 1,155 shares during the period. Institutional investors own 73.41% of the company’s stock.

A number of equities analysts recently commented on the company. Morgan Stanley raised their target price on Xcel Energy from $50.00 to $53.00 and gave the company an “equal weight” rating in a report on Wednesday. Zacks Investment Research cut Xcel Energy from a “hold” rating to a “sell” rating in a report on Tuesday. SunTrust Banks restated a “hold” rating and set a $48.00 target price on shares of Xcel Energy in a report on Monday, December 4th. ValuEngine upgraded Xcel Energy from a “hold” rating to a “buy” rating in a research note on Thursday, November 9th. Finally, Bank of America began coverage on Xcel Energy in a research note on Tuesday, October 24th. They issued a “buy” rating and a $53.00 price objective for the company. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $49.45.

In related news, EVP Marvin E. Jr. Mcdaniel sold 5,176 shares of the business’s stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $51.07, for a total transaction of $264,338.32. Following the completion of the sale, the executive vice president now owns 81,371 shares in the company, valued at $4,155,616.97. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Timothy V. Wolf sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $49.48, for a total value of $148,440.00. Following the sale, the director now owns 3,700 shares of the company’s stock, valued at approximately $183,076. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 28,363 shares of company stock valued at $1,415,265. 0.22% of the stock is owned by company insiders.

Shares of Xcel Energy Inc. (NYSE:XEL) traded up $0.39 on Friday, hitting $50.78. The stock had a trading volume of 4,461,095 shares, compared to its average volume of 2,492,761. The company has a quick ratio of 0.68, a current ratio of 0.87 and a debt-to-equity ratio of 1.27. The stock has a market cap of $25,586.17, a PE ratio of 21.53, a PEG ratio of 4.00 and a beta of 0.21. Xcel Energy Inc. has a fifty-two week low of $40.04 and a fifty-two week high of $52.22.

Xcel Energy (NYSE:XEL) last announced its quarterly earnings data on Thursday, October 26th. The utilities provider reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.05. The business had revenue of $3.02 billion during the quarter, compared to analysts’ expectations of $3.27 billion. Xcel Energy had a return on equity of 10.63% and a net margin of 10.40%. The business’s quarterly revenue was down .8% compared to the same quarter last year. During the same quarter last year, the business posted $0.90 EPS. research analysts forecast that Xcel Energy Inc. will post 2.31 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, January 20th. Stockholders of record on Thursday, December 28th will be paid a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 2.84%. The ex-dividend date of this dividend is Wednesday, December 27th. Xcel Energy’s payout ratio is presently 61.54%.

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Xcel Energy Profile

Xcel Energy Inc is a public utility holding company. The Company’s operations include the activity of four utility subsidiaries that serve electric and natural gas customers in eight states. The Company’s segments include regulated electric utility, regulated natural gas utility and all other. The Company’s utility subsidiaries include NSP-Minnesota, NSP-Wisconsin, Public Service Company of Colorado (PSCo) and Southwestern Public Service Co (SPS), which serve customers in portions of Colorado, Michigan, Minnesota, New Mexico, North Dakota, South Dakota, Texas and Wisconsin.

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

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