GPS Wealth Strategies Group LLC Sells 555 Shares of Xcel Energy Inc. (NASDAQ:XEL)

GPS Wealth Strategies Group LLC lowered its position in Xcel Energy Inc. (NASDAQ:XEL) by 20.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,171 shares of the company’s stock after selling 555 shares during the period. GPS Wealth Strategies Group LLC’s holdings in Xcel Energy were worth $147,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. State Street Corp raised its holdings in shares of Xcel Energy by 6.7% in the third quarter. State Street Corp now owns 37,143,025 shares of the company’s stock valued at $2,445,477,000 after buying an additional 2,323,448 shares during the last quarter. Brookfield Corp ON increased its holdings in shares of Xcel Energy by 520.1% in the third quarter. Brookfield Corp ON now owns 2,509,031 shares of the company’s stock valued at $163,840,000 after purchasing an additional 2,104,405 shares in the last quarter. Merewether Investment Management LP bought a new position in Xcel Energy in the 3rd quarter worth approximately $64,301,000. Massachusetts Financial Services Co. MA boosted its position in Xcel Energy by 6.2% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 15,190,756 shares of the company’s stock valued at $991,956,000 after buying an additional 892,740 shares during the last quarter. Finally, Janus Henderson Group PLC raised its position in shares of Xcel Energy by 1,265.6% during the third quarter. Janus Henderson Group PLC now owns 839,146 shares of the company’s stock worth $54,797,000 after acquiring an additional 777,696 shares during the last quarter. 78.38% of the stock is currently owned by institutional investors.

Xcel Energy Trading Up 0.8 %

XEL opened at $67.75 on Tuesday. The stock has a market capitalization of $38.90 billion, a P/E ratio of 20.10, a P/E/G ratio of 2.54 and a beta of 0.43. The company has a current ratio of 0.93, a quick ratio of 0.82 and a debt-to-equity ratio of 1.42. Xcel Energy Inc. has a 12 month low of $46.79 and a 12 month high of $73.38. The firm’s fifty day simple moving average is $67.85 and its 200 day simple moving average is $64.61.

Xcel Energy Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 29th. Investors of record on Monday, January 6th were issued a dividend of $0.5475 per share. The ex-dividend date of this dividend was Monday, January 6th. This represents a $2.19 dividend on an annualized basis and a dividend yield of 3.23%. Xcel Energy’s payout ratio is presently 64.99%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on XEL. Jefferies Financial Group raised Xcel Energy from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $71.00 to $76.00 in a report on Friday, November 1st. Wells Fargo & Company raised Xcel Energy from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $70.00 to $72.00 in a research note on Monday, January 13th. KeyCorp upped their price objective on Xcel Energy from $74.00 to $79.00 and gave the company an “overweight” rating in a report on Wednesday, December 4th. JPMorgan Chase & Co. upgraded 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 report on Thursday, December 12th. Finally, Barclays reduced their price objective on shares of Xcel Energy from $71.00 to $69.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 22nd. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, Xcel Energy has an average rating of “Moderate Buy” and an average price target of $69.64.

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.