Geneos Wealth Management Inc. Raises Stock Position in Xcel Energy Inc. (NASDAQ:XEL)

Geneos Wealth Management Inc. raised its stake in shares of Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 75.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 38,740 shares of the company's stock after purchasing an additional 16,641 shares during the quarter. Geneos Wealth Management Inc.'s holdings in Xcel Energy were worth $2,980,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of XEL. Brighton Jones LLC acquired a new stake in shares of Xcel Energy in the fourth quarter worth $240,000. Blair William & Co. IL increased its stake in shares of Xcel Energy by 2.7% in the fourth quarter. Blair William & Co. IL now owns 38,625 shares of the company's stock worth $2,608,000 after acquiring an additional 1,011 shares during the period. Orion Portfolio Solutions LLC grew its position in Xcel Energy by 21.0% during the fourth quarter. Orion Portfolio Solutions LLC now owns 23,057 shares of the company's stock valued at $1,557,000 after buying an additional 4,001 shares during the period. RWA Wealth Partners LLC grew its position in Xcel Energy by 3.5% during the fourth quarter. RWA Wealth Partners LLC now owns 5,155 shares of the company's stock valued at $348,000 after buying an additional 176 shares during the period. Finally, O Shaughnessy Asset Management LLC grew its position in Xcel Energy by 50.4% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 101,155 shares of the company's stock valued at $6,830,000 after buying an additional 33,891 shares during the period. Institutional investors and hedge funds own 78.38% of the company's stock.

Xcel Energy Price Performance

Shares of NASDAQ XEL traded up $0.03 during trading on Friday, hitting $73.47. The company had a trading volume of 4,004,104 shares, compared to its average volume of 2,782,631. The stock has a fifty day simple moving average of $69.18 and a two-hundred day simple moving average of $69.14. Xcel Energy Inc. has a fifty-two week low of $57.24 and a fifty-two week high of $74.13. The firm has a market capitalization of $42.37 billion, a price-to-earnings ratio of 20.35, a price-to-earnings-growth ratio of 2.47 and a beta of 0.34. The company has a quick ratio of 0.70, a current ratio of 0.80 and a debt-to-equity ratio of 1.48.

Xcel Energy (NASDAQ:XEL - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.09. The firm had revenue of $3.29 billion for the quarter, compared to the consensus estimate of $3.31 billion. Xcel Energy had a net margin of 14.85% and a return on equity of 10.71%. The company's revenue for the quarter was up 8.6% on a year-over-year basis. During the same period last year, the firm posted $0.54 earnings per share. On average, research analysts expect that Xcel Energy Inc. will post 3.82 earnings per share for the current year.

Xcel Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 20th. Stockholders of record on Monday, September 15th will be paid a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend is Monday, September 15th. Xcel Energy's dividend payout ratio (DPR) is currently 63.16%.

Wall Street Analyst Weigh In

Several research firms recently commented on XEL. Morgan Stanley dropped their price target on shares of Xcel Energy from $78.00 to $77.00 and set an "equal weight" rating on the stock in a research report on Wednesday, June 18th. Evercore ISI raised their price target on shares of Xcel Energy from $74.00 to $77.00 and gave the company an "outperform" rating in a research report on Monday, April 28th. BMO Capital Markets raised their price target on shares of Xcel Energy from $69.00 to $73.00 and gave the company a "market perform" rating in a research report on Wednesday, April 23rd. Mizuho raised their price target on shares of Xcel Energy from $74.00 to $78.00 and gave the company an "outperform" rating in a research report on Friday. Finally, Wall Street Zen lowered shares of Xcel Energy from a "hold" rating to a "sell" rating in a research report on Tuesday, May 20th. One analyst has rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $76.00.

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.