Geneos Wealth Management Inc. Has $1.49 Million Stock Holdings in Xcel Energy Inc. (NASDAQ:XEL)

Geneos Wealth Management Inc. lifted its holdings in shares of Xcel Energy Inc. (NASDAQ:XEL) by 1.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 22,099 shares of the company’s stock after purchasing an additional 290 shares during the quarter. 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 hedge funds and other institutional investors have also modified their holdings of the business. AXA S.A. increased its position in Xcel Energy by 7.6% during the second quarter. AXA S.A. now owns 39,060 shares of the company’s stock worth $2,086,000 after buying an additional 2,755 shares during the last quarter. MBB Public Markets I LLC raised its stake in shares of Xcel Energy by 751.9% in the 2nd quarter. MBB Public Markets I LLC now owns 49,187 shares of the company’s stock valued at $2,627,000 after acquiring an additional 43,413 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in Xcel Energy by 5.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 546,873 shares of the company’s stock worth $29,208,000 after purchasing an additional 26,092 shares during the last quarter. Algert Global LLC bought a new stake in Xcel Energy during the second quarter worth approximately $387,000. Finally, Creative Planning grew its holdings in Xcel Energy by 116.1% during the second quarter. Creative Planning now owns 282,619 shares of the company’s stock valued at $15,095,000 after purchasing an additional 151,843 shares during the last quarter. Institutional investors own 78.38% of the company’s stock.

Xcel Energy Price Performance

NASDAQ:XEL opened at $66.61 on Monday. 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 company has a 50-day moving average of $68.20 and a 200-day moving average of $64.08. Xcel Energy Inc. has a 52 week low of $46.79 and a 52 week high of $73.38. The company has a market capitalization of $38.25 billion, a price-to-earnings ratio of 19.77, a PEG ratio of 2.53 and a beta of 0.42.

Xcel Energy (NASDAQ:XEL) last released its quarterly earnings data 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 company had revenue of $3.64 billion for the quarter, compared to analyst estimates of $3.93 billion. During the same period in the previous year, the firm posted $1.23 earnings per share. The firm’s revenue for the quarter was down .5% compared to the same quarter last year. As a group, equities research analysts anticipate that Xcel Energy Inc. will post 3.54 earnings per share for the current fiscal year.

Xcel Energy Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Monday, January 6th will be issued a dividend of $0.5475 per share. The ex-dividend date is Monday, January 6th. This represents a $2.19 dividend on an annualized basis and a dividend yield of 3.29%. Xcel Energy’s payout ratio is presently 64.99%.

Analyst Upgrades and Downgrades

XEL has been the subject of several recent analyst reports. JPMorgan Chase & Co. raised shares of Xcel Energy from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $69.00 to $80.00 in a report on Thursday, December 12th. Barclays dropped their price objective on Xcel Energy from $71.00 to $69.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 22nd. Morgan Stanley decreased their target price on 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. KeyCorp lifted their price target on Xcel Energy from $74.00 to $79.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 4th. Finally, Wells Fargo & Company raised Xcel Energy from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $70.00 to $72.00 in a research report on Monday, January 13th. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $69.50.

About Xcel Energy

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.