Xcel Energy Inc. (NASDAQ:XEL) Shares Purchased by JNBA Financial Advisors

JNBA Financial Advisors lifted its holdings in Xcel Energy Inc. (NASDAQ:XEL) by 63.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,016 shares of the company’s stock after purchasing an additional 1,558 shares during the period. JNBA Financial Advisors’ holdings in Xcel Energy were worth $262,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Janney Montgomery Scott LLC raised its position in shares of Xcel Energy by 4.0% during the 1st quarter. Janney Montgomery Scott LLC now owns 101,681 shares of the company’s stock worth $5,465,000 after purchasing an additional 3,948 shares during the last quarter. Whittier Trust Co. raised its holdings in shares of Xcel Energy by 18.4% during the first quarter. Whittier Trust Co. now owns 2,641 shares of the company’s stock valued at $142,000 after acquiring an additional 411 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S lifted its position in shares of Xcel Energy by 63.4% in the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 16,946 shares of the company’s stock valued at $911,000 after acquiring an additional 6,573 shares in the last quarter. Manchester Capital Management LLC boosted its stake in shares of Xcel Energy by 62.0% in the first quarter. Manchester Capital Management LLC now owns 4,261 shares of the company’s stock worth $229,000 after acquiring an additional 1,630 shares during the last quarter. Finally, Duality Advisers LP acquired a new stake in shares of Xcel Energy in the first quarter worth approximately $3,050,000. Institutional investors and hedge funds own 78.38% of the company’s stock.

Wall Street Analysts Forecast Growth

XEL has been the topic of a number of research reports. UBS Group raised their price objective on Xcel Energy from $66.00 to $67.00 and gave the company a “neutral” rating in a report on Friday, September 20th. Wells Fargo & Company raised their price target on shares of Xcel Energy from $63.00 to $66.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 16th. KeyCorp upped their price objective on shares of Xcel Energy from $69.00 to $74.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. Jefferies Financial Group raised shares of Xcel Energy from a “hold” rating to a “buy” rating and raised their target price for the stock from $71.00 to $76.00 in a research note on Friday, November 1st. Finally, Morgan Stanley upped their price target on Xcel Energy from $68.00 to $73.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 25th. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $66.38.

Xcel Energy Stock Up 0.2 %

Shares of NASDAQ XEL opened at $66.49 on Thursday. 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 business’s 50 day moving average is $63.92 and its two-hundred day moving average is $58.55. Xcel Energy Inc. has a 52-week low of $46.79 and a 52-week high of $68.36. The firm has a market cap of $38.18 billion, a price-to-earnings ratio of 19.73, a PEG ratio of 2.69 and a beta of 0.38.

Xcel Energy (NASDAQ:XEL) last posted its quarterly earnings data on Thursday, October 31st. The company reported $1.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.26 by ($0.01). Xcel Energy had a net margin of 13.67% and a return on equity of 10.76%. The firm had revenue of $3.64 billion during the quarter, compared to analysts’ expectations of $3.93 billion. During the same quarter in the prior year, the firm posted $1.23 EPS. Xcel Energy’s quarterly revenue was down .5% compared to the same quarter last year. Research analysts predict that Xcel Energy Inc. will post 3.55 EPS for the current year.

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.