Bayesian Capital Management LP Reduces Stock Holdings in Xcel Energy Inc. (NASDAQ:XEL)

Bayesian Capital Management LP decreased its position in Xcel Energy Inc. (NASDAQ:XEL) by 78.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 25,146 shares of the company’s stock after selling 91,700 shares during the period. Bayesian Capital Management LP’s holdings in Xcel Energy were worth $1,352,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the company. Geneos Wealth Management Inc. lifted its position in shares of Xcel Energy by 0.9% during the fourth quarter. Geneos Wealth Management Inc. now owns 20,580 shares of the company’s stock worth $1,274,000 after acquiring an additional 182 shares in the last quarter. Xponance Inc. lifted its position in shares of Xcel Energy by 0.3% during the fourth quarter. Xponance Inc. now owns 70,411 shares of the company’s stock worth $4,359,000 after acquiring an additional 198 shares in the last quarter. Epiq Partners LLC lifted its position in shares of Xcel Energy by 0.7% during the first quarter. Epiq Partners LLC now owns 29,072 shares of the company’s stock worth $1,563,000 after acquiring an additional 202 shares in the last quarter. Venture Visionary Partners LLC lifted its position in shares of Xcel Energy by 4.0% during the fourth quarter. Venture Visionary Partners LLC now owns 5,460 shares of the company’s stock worth $338,000 after acquiring an additional 210 shares in the last quarter. Finally, Avantax Advisory Services Inc. lifted its position in shares of Xcel Energy by 1.3% during the first quarter. Avantax Advisory Services Inc. now owns 16,054 shares of the company’s stock worth $863,000 after acquiring an additional 212 shares in the last quarter. Hedge funds and other institutional investors own 78.38% of the company’s stock.

Analyst Upgrades and Downgrades

XEL has been the topic of several recent research reports. KeyCorp dropped their target price on Xcel Energy from $68.00 to $65.00 and set an “overweight” rating on the stock in a research report on Friday, April 19th. Evercore ISI increased their price objective on Xcel Energy from $54.00 to $59.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. StockNews.com upgraded Xcel Energy from a “sell” rating to a “hold” rating in a research report on Thursday, May 2nd. Bank of America increased their price objective on Xcel Energy from $63.00 to $66.00 and gave the stock a “buy” rating in a research report on Monday, April 29th. Finally, Barclays increased their price objective on Xcel Energy from $56.00 to $57.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 30th. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, Xcel Energy has an average rating of “Moderate Buy” and a consensus price target of $62.00.

Xcel Energy Stock Down 0.7 %

XEL opened at $58.22 on Wednesday. The stock has a market cap of $32.35 billion, a PE ratio of 17.61, a P/E/G ratio of 2.54 and a beta of 0.37. The company has a quick ratio of 0.74, a current ratio of 0.86 and a debt-to-equity ratio of 1.48. Xcel Energy Inc. has a 52 week low of $46.79 and a 52 week high of $64.25. The business’s fifty day simple moving average is $54.39 and its 200 day simple moving average is $55.12.

Xcel Energy Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Saturday, July 20th. Investors of record on Friday, June 14th were paid a $0.5475 dividend. The ex-dividend date of this dividend was Friday, June 14th. This represents a $2.19 dividend on an annualized basis and a yield of 3.76%. Xcel Energy’s dividend payout ratio is presently 65.77%.

Xcel Energy Company Profile

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.