Global Retirement Partners LLC Has $1.24 Million Holdings in Xcel Energy Inc. $XEL

Global Retirement Partners LLC lifted its holdings in Xcel Energy Inc. (NASDAQ:XEL) by 109.9% during the 4th quarter, HoldingsChannel reports. The fund owned 16,823 shares of the company’s stock after acquiring an additional 8,807 shares during the quarter. Global Retirement Partners LLC’s holdings in Xcel Energy were worth $1,243,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of XEL. Bank of America Corp DE grew its stake in shares of Xcel Energy by 9.9% in the third quarter. Bank of America Corp DE now owns 28,851,485 shares of the company’s stock valued at $2,326,872,000 after acquiring an additional 2,589,406 shares in the last quarter. Barclays PLC grew its stake in Xcel Energy by 54.3% during the third quarter. Barclays PLC now owns 6,098,386 shares of the company’s stock worth $491,835,000 after buying an additional 2,145,063 shares in the last quarter. Vanguard Group Inc. grew its stake in Xcel Energy by 2.7% during the third quarter. Vanguard Group Inc. now owns 76,725,720 shares of the company’s stock worth $6,187,929,000 after buying an additional 2,001,018 shares in the last quarter. State Street Corp grew its stake in Xcel Energy by 5.1% during the third quarter. State Street Corp now owns 35,896,553 shares of the company’s stock worth $2,914,984,000 after buying an additional 1,752,296 shares in the last quarter. Finally, Raymond James Financial Inc. grew its stake in Xcel Energy by 100.3% during the second quarter. Raymond James Financial Inc. now owns 2,519,061 shares of the company’s stock worth $171,548,000 after buying an additional 1,261,439 shares in the last quarter. 78.38% of the stock is currently owned by institutional investors and hedge funds.

Xcel Energy Price Performance

Shares of NASDAQ XEL opened at $81.08 on Monday. The company has a 50 day simple moving average of $79.90 and a 200 day simple moving average of $78.62. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.77 and a quick ratio of 0.68. Xcel Energy Inc. has a 1 year low of $65.21 and a 1 year high of $84.23. The firm has a market cap of $50.62 billion, a PE ratio of 23.37, a price-to-earnings-growth ratio of 2.11 and a beta of 0.41.

Xcel Energy (NASDAQ:XEL) last posted its earnings results on Wednesday, April 29th. The company reported $0.91 EPS for the quarter, hitting the consensus estimate of $0.91. Xcel Energy had a net margin of 14.14% and a return on equity of 10.37%. The business had revenue of $4.02 billion for the quarter, compared to the consensus estimate of $4.21 billion. During the same period last year, the company earned $0.84 EPS. The firm’s revenue was up 2.9% compared to the same quarter last year. On average, research analysts forecast that Xcel Energy Inc. will post 4.11 EPS for the current year.

Xcel Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 20th. Investors of record on Monday, June 15th will be given a dividend of $0.5925 per share. The ex-dividend date is Monday, June 15th. This represents a $2.37 annualized dividend and a yield of 2.9%. Xcel Energy’s dividend payout ratio (DPR) is currently 68.30%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on XEL shares. Weiss Ratings upgraded shares of Xcel Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, March 20th. UBS Group increased their price objective on shares of Xcel Energy from $89.00 to $91.00 and gave the stock a “buy” rating in a research note on Monday, April 20th. KeyCorp increased their price objective on shares of Xcel Energy from $89.00 to $90.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 21st. Evercore reiterated an “outperform” rating and set a $96.00 price objective on shares of Xcel Energy in a research note on Monday, May 4th. Finally, Barclays reduced their price objective on shares of Xcel Energy from $91.00 to $87.00 and set an “overweight” rating on the stock in a research note on Tuesday, May 12th. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $90.63.

Xcel Energy Profile

Xcel Energy (NASDAQ: XEL) is a Minneapolis-based, publicly traded utility holding company that develops, owns and operates regulated electricity and natural gas delivery systems. The company’s core activities include generation, transmission and distribution of electricity, the delivery of natural gas to customers, and related customer service operations. Xcel provides a mix of utility services to residential, commercial and industrial customers and participates in wholesale energy markets where appropriate.

Its generation portfolio combines nuclear, natural gas, coal and a growing share of renewable resources such as wind and solar.