Xcel Energy Inc. (NASDAQ:XEL) Shares Sold by Global Retirement Partners LLC

Global Retirement Partners LLC decreased its holdings in shares of Xcel Energy Inc. (NASDAQ:XELFree Report) by 64.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,780 shares of the company’s stock after selling 6,707 shares during the quarter. Global Retirement Partners LLC’s holdings in Xcel Energy were worth $230,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Quilter Plc acquired a new position in Xcel Energy in the 1st quarter worth $255,201,000. Strategic Investment Solutions Inc. IL acquired a new position in Xcel Energy in the 1st quarter worth $27,000. McCarthy Grittinger Financial Group LLC acquired a new position in Xcel Energy in the 3rd quarter worth $26,000. Royal London Asset Management Ltd. acquired a new position in Xcel Energy in the 3rd quarter worth $27,000. Finally, Annis Gardner Whiting Capital Advisors LLC acquired a new position in Xcel Energy in the 3rd quarter worth $31,000. Institutional investors and hedge funds own 78.38% of the company’s stock.

Xcel Energy Price Performance

Shares of NASDAQ:XEL opened at $54.09 on Thursday. The company has a quick ratio of 0.59, a current ratio of 0.72 and a debt-to-equity ratio of 1.41. Xcel Energy Inc. has a fifty-two week low of $46.79 and a fifty-two week high of $71.96. The firm has a 50-day simple moving average of $55.58 and a 200 day simple moving average of $58.54. The company has a market cap of $30.03 billion, a PE ratio of 16.85, a P/E/G ratio of 2.49 and a beta of 0.36.

Xcel Energy (NASDAQ:XELGet Free Report) last announced its quarterly earnings data on Thursday, January 25th. The company reported $0.83 earnings per share for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.02). Xcel Energy had a net margin of 12.47% and a return on equity of 10.78%. The business had revenue of $3.44 billion for the quarter, compared to the consensus estimate of $4.01 billion. During the same period in the prior year, the company earned $0.69 EPS. Xcel Energy’s quarterly revenue was down 15.1% on a year-over-year basis. On average, sell-side analysts anticipate that Xcel Energy Inc. will post 3.56 EPS for the current year.

Xcel Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, April 20th. Investors of record on Friday, March 15th will be given a dividend of $0.548 per share. This represents a $2.19 dividend on an annualized basis and a dividend yield of 4.05%. The ex-dividend date is Thursday, March 14th. This is an increase from Xcel Energy’s previous quarterly dividend of $0.52. Xcel Energy’s dividend payout ratio is currently 68.22%.

Wall Street Analyst Weigh In

XEL has been the topic of a number of recent analyst reports. Royal Bank of Canada boosted their price objective on shares of Xcel Energy from $67.00 to $68.00 and gave the stock a “sector perform” rating in a report on Tuesday, January 30th. BMO Capital Markets boosted their price objective on shares of Xcel Energy from $59.00 to $62.00 and gave the stock a “market perform” rating in a report on Monday, December 18th. Wolfe Research upgraded shares of Xcel Energy from a “peer perform” rating to an “outperform” rating and set a $58.00 price objective on the stock in a report on Monday, March 11th. TheStreet downgraded shares of Xcel Energy from a “b-” rating to a “c+” rating in a research report on Thursday, March 14th. Finally, KeyCorp boosted their target price on shares of Xcel Energy from $62.00 to $68.00 and gave the stock an “overweight” rating in a research report on Thursday, January 4th. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $63.08.

View Our Latest Stock Report on XEL

Xcel Energy Company Profile

(Free Report)

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.

See Also

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

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