D.A. Davidson & CO. Has $1.82 Million Stock Holdings in Xcel Energy Inc. (NASDAQ:XEL)

D.A. Davidson & CO. lowered its holdings in shares of Xcel Energy Inc. (NASDAQ:XEL) by 15.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 26,877 shares of the company’s stock after selling 5,052 shares during the period. D.A. Davidson & CO.’s holdings in Xcel Energy were worth $1,815,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of XEL. AMF Tjanstepension AB grew its position in Xcel Energy by 185.2% in the third quarter. AMF Tjanstepension AB now owns 34,960 shares of the company’s stock valued at $2,283,000 after acquiring an additional 22,701 shares during the last quarter. Sequoia Financial Advisors LLC grew its position in Xcel Energy by 4.5% in the third quarter. Sequoia Financial Advisors LLC now owns 8,463 shares of the company’s stock valued at $553,000 after acquiring an additional 361 shares during the last quarter. Private Advisor Group LLC grew its position in Xcel Energy by 4.1% in the third quarter. Private Advisor Group LLC now owns 63,142 shares of the company’s stock valued at $4,123,000 after acquiring an additional 2,490 shares during the last quarter. International Assets Investment Management LLC grew its position in Xcel Energy by 7,432.5% in the third quarter. International Assets Investment Management LLC now owns 506,488 shares of the company’s stock valued at $33,074,000 after acquiring an additional 499,764 shares during the last quarter. Finally, CENTRAL TRUST Co grew its position in Xcel Energy by 27.2% in the third quarter. CENTRAL TRUST Co now owns 10,786 shares of the company’s stock valued at $704,000 after acquiring an additional 2,309 shares during the last quarter. 78.38% of the stock is currently owned by institutional investors.

Xcel Energy Price Performance

Shares of XEL opened at $69.94 on Friday. Xcel Energy Inc. has a 52-week low of $46.79 and a 52-week high of $73.38. 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 business’s 50 day moving average price is $67.09 and its two-hundred day moving average price is $65.68. The firm has a market cap of $40.16 billion, a PE ratio of 20.33, a price-to-earnings-growth ratio of 2.62 and a beta of 0.43.

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

Xcel Energy Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 29th. Shareholders of record on Monday, January 6th were paid a $0.5475 dividend. This represents a $2.19 annualized dividend and a yield of 3.13%. The ex-dividend date of this dividend was Monday, January 6th. Xcel Energy’s dividend payout ratio (DPR) is presently 63.66%.

Analysts Set New Price Targets

Several research firms have recently weighed in on XEL. JPMorgan Chase & Co. upgraded Xcel Energy from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $69.00 to $80.00 in a report on Thursday, December 12th. Jefferies Financial Group upgraded Xcel Energy from a “hold” rating to a “buy” rating and boosted their price target for the stock from $71.00 to $76.00 in a report on Friday, November 1st. Barclays reduced their price target on Xcel Energy from $71.00 to $69.00 and set an “overweight” rating on the stock in a report on Wednesday, January 22nd. KeyCorp boosted their price target on Xcel Energy from $74.00 to $79.00 and gave the stock an “overweight” rating in a report on Wednesday, December 4th. Finally, Wells Fargo & Company boosted their price target on Xcel Energy from $72.00 to $75.00 and gave the stock an “overweight” rating in a report on Friday, February 7th. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, Xcel Energy currently 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.