Geneos Wealth Management Inc. raised its holdings in shares of Xcel Energy Inc. (NASDAQ:XEL – Free Report) by 1.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,099 shares of the company’s stock after acquiring an additional 290 shares during the period. Geneos Wealth Management Inc.’s holdings in Xcel Energy were worth $1,492,000 as of its most recent SEC filing.
A number of other institutional investors also recently added to or reduced their stakes in XEL. Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of Xcel Energy during the fourth quarter valued at about $445,000. Exchange Traded Concepts LLC raised its position in shares of Xcel Energy by 2.8% during the 4th quarter. Exchange Traded Concepts LLC now owns 13,421 shares of the company’s stock worth $906,000 after buying an additional 366 shares in the last quarter. CX Institutional lifted its stake in shares of Xcel Energy by 56.1% in the 4th quarter. CX Institutional now owns 6,004 shares of the company’s stock worth $405,000 after acquiring an additional 2,158 shares during the period. RFG Advisory LLC boosted its holdings in shares of Xcel Energy by 33.1% in the fourth quarter. RFG Advisory LLC now owns 7,253 shares of the company’s stock valued at $490,000 after acquiring an additional 1,804 shares in the last quarter. Finally, Brighton Jones LLC acquired a new position in shares of Xcel Energy during the fourth quarter valued at approximately $240,000. Institutional investors and hedge funds own 78.38% of the company’s stock.
Analysts Set New Price Targets
A number of equities analysts have issued reports on XEL shares. Wells Fargo & Company raised Xcel Energy from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $70.00 to $72.00 in a research note on Monday, January 13th. KeyCorp lifted their target price on Xcel Energy from $74.00 to $79.00 and gave the stock an “overweight” rating in a report on Wednesday, December 4th. JPMorgan Chase & Co. raised shares of Xcel Energy from a “neutral” rating to an “overweight” rating and upped their price target for the company from $69.00 to $80.00 in a report on Thursday, December 12th. Morgan Stanley lowered their price objective on shares of Xcel Energy from $74.00 to $72.00 and set an “equal weight” rating on the stock in a research note on Friday, November 22nd. Finally, Jefferies Financial Group raised shares of Xcel Energy from a “hold” rating to a “buy” rating and increased their target price for the company from $71.00 to $76.00 in a research note on Friday, November 1st. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $69.50.
Xcel Energy Stock Performance
Shares of XEL stock opened at $66.61 on Monday. The company has a market capitalization of $38.25 billion, a price-to-earnings ratio of 19.77, a P/E/G ratio of 2.53 and a beta of 0.42. Xcel Energy Inc. has a 1-year low of $46.79 and a 1-year high of $73.38. The company has a current ratio of 0.93, a quick ratio of 0.82 and a debt-to-equity ratio of 1.42. The stock’s fifty day simple moving average is $68.20 and its 200-day simple moving average is $64.08.
Xcel Energy (NASDAQ:XEL – Get Free Report) last issued its earnings results on Thursday, October 31st. The company reported $1.25 earnings per share for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.01). Xcel Energy had a net margin of 13.67% and a return on equity of 10.76%. The business had revenue of $3.64 billion during the quarter, compared to analyst estimates of $3.93 billion. During the same quarter in the prior year, the company earned $1.23 EPS. Xcel Energy’s revenue for the quarter was down .5% on a year-over-year basis. On average, sell-side analysts predict that Xcel Energy Inc. will post 3.54 earnings per share for the current fiscal year.
Xcel Energy Cuts Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Monday, January 6th will be paid a $0.5475 dividend. This represents a $2.19 dividend on an annualized basis and a dividend yield of 3.29%. The ex-dividend date of this dividend is Monday, January 6th. Xcel Energy’s dividend payout ratio (DPR) is presently 64.99%.
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.
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