Genesis Private Wealth LLC Invests $232,000 in Xcel Energy Inc. (NASDAQ:XEL)

Genesis Private Wealth LLC acquired a new position in shares of Xcel Energy Inc. (NASDAQ:XEL) during the fourth quarter, Holdings Channel reports. The institutional investor acquired 3,433 shares of the company’s stock, valued at approximately $232,000.

A number of other large investors have also modified their holdings of XEL. Dimensional Fund Advisors LP grew its stake in shares of Xcel Energy by 10.4% during the second quarter. Dimensional Fund Advisors LP now owns 1,854,333 shares of the company’s stock worth $99,046,000 after purchasing an additional 174,653 shares in the last quarter. Benjamin F. Edwards & Company Inc. grew its stake in shares of Xcel Energy by 48.4% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 15,579 shares of the company’s stock worth $832,000 after purchasing an additional 5,081 shares in the last quarter. AE Wealth Management LLC grew its stake in shares of Xcel Energy by 24.1% during the second quarter. AE Wealth Management LLC now owns 21,484 shares of the company’s stock worth $1,147,000 after purchasing an additional 4,178 shares in the last quarter. Mount Yale Investment Advisors LLC acquired a new position in shares of Xcel Energy during the second quarter worth $212,000. Finally, EverSource Wealth Advisors LLC grew its stake in shares of Xcel Energy by 44.0% during the second quarter. EverSource Wealth Advisors LLC now owns 8,987 shares of the company’s stock worth $524,000 after purchasing an additional 2,748 shares in the last quarter. Hedge funds and other institutional investors own 78.38% of the company’s stock.

Xcel Energy Price Performance

Shares of NASDAQ:XEL opened at $67.68 on Wednesday. The company has a 50-day simple moving average of $68.37 and a 200-day simple moving average of $63.75. Xcel Energy Inc. has a one year low of $46.79 and a one year 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 stock has a market capitalization of $38.86 billion, a price-to-earnings ratio of 20.08, a PEG ratio of 2.53 and a beta of 0.42.

Xcel Energy (NASDAQ:XEL) last announced its quarterly earnings data on Thursday, October 31st. The company reported $1.25 EPS for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.01). The firm had revenue of $3.64 billion during the quarter, compared to analyst estimates of $3.93 billion. Xcel Energy had a net margin of 13.67% and a return on equity of 10.76%. Xcel Energy’s revenue for the quarter was down .5% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.23 EPS. On average, analysts predict that Xcel Energy Inc. will post 3.54 EPS for the current year.

Xcel Energy Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Monday, January 6th will be given a $0.5475 dividend. The ex-dividend date is Monday, January 6th. This represents a $2.19 dividend on an annualized basis and a yield of 3.24%. Xcel Energy’s payout ratio is currently 64.99%.

Analysts Set New Price Targets

XEL has been the subject of a number of analyst reports. JPMorgan Chase & Co. upgraded shares of Xcel Energy from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $69.00 to $80.00 in a research note on Thursday, December 12th. Barclays boosted their target price on shares of Xcel Energy from $67.00 to $71.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 26th. Wells Fargo & Company upgraded shares of Xcel Energy from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $70.00 to $72.00 in a research note on Monday, January 13th. Morgan Stanley decreased their price objective on shares of Xcel Energy from $74.00 to $72.00 and set an “equal weight” rating for the company in a research note on Friday, November 22nd. Finally, KeyCorp upped their price objective on shares of Xcel Energy from $74.00 to $79.00 and gave the company an “overweight” rating in a research note on Wednesday, December 4th. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $69.67.

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.