Global Retirement Partners LLC Lowers Holdings in Xcel Energy Inc. (NASDAQ:XEL)

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

Several other large investors have also made changes to their positions in the business. Vanguard Group Inc. lifted its position in shares of Xcel Energy by 15.6% in the third quarter. Vanguard Group Inc. now owns 64,062,856 shares of the company’s stock worth $3,665,677,000 after buying an additional 8,644,054 shares in the last quarter. State Street Corp lifted its position in shares of Xcel Energy by 0.6% in the second quarter. State Street Corp now owns 29,836,394 shares of the company’s stock worth $1,870,325,000 after buying an additional 172,477 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of Xcel Energy by 16.0% in the third quarter. Massachusetts Financial Services Co. MA now owns 18,521,863 shares of the company’s stock worth $1,059,821,000 after buying an additional 2,559,321 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Xcel Energy by 1.3% in the first quarter. Geode Capital Management LLC now owns 12,251,587 shares of the company’s stock worth $825,364,000 after buying an additional 162,592 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. purchased a new stake in shares of Xcel Energy in the fourth quarter worth about $576,873,000. 78.38% of the stock is currently owned by hedge funds and other institutional investors.

Xcel Energy Stock Up 0.0 %

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. The stock has a market cap of $30.03 billion, a P/E ratio of 16.85, a price-to-earnings-growth ratio of 2.49 and a beta of 0.36. The business’s 50 day moving average is $55.58 and its 200 day moving average is $58.54. Xcel Energy Inc. has a 52-week low of $46.79 and a 52-week high of $71.96.

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

Xcel Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Saturday, April 20th. Shareholders of record on Friday, March 15th will be given a dividend of $0.548 per share. This represents a $2.19 annualized dividend and a yield of 4.05%. The ex-dividend date is Thursday, March 14th. This is a boost from Xcel Energy’s previous quarterly dividend of $0.52. Xcel Energy’s dividend payout ratio (DPR) is 68.22%.

Analyst Ratings Changes

A number of equities research analysts recently commented on XEL shares. TheStreet downgraded Xcel Energy from a “b-” rating to a “c+” rating in a research report on Thursday, March 14th. BMO Capital Markets upped their price objective on Xcel Energy from $59.00 to $62.00 and gave the company a “market perform” rating in a research report on Monday, December 18th. StockNews.com upgraded Xcel Energy from a “sell” rating to a “hold” rating in a research report on Thursday, March 7th. Royal Bank of Canada upped their price objective on Xcel Energy from $67.00 to $68.00 and gave the company a “sector perform” rating in a research report on Tuesday, January 30th. Finally, Wells Fargo & Company upped their price objective on Xcel Energy from $63.00 to $64.00 and gave the company an “equal weight” rating in a research report on Friday, January 26th. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $63.08.

Get Our Latest Research Report on Xcel Energy

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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