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Geneos Wealth Management Inc. Sells 12,653 Shares of Xcel Energy Inc. $XEL
Geneos Wealth Management Inc. reduced its stake in Xcel Energy Inc. (NASDAQ:XEL) by 31.3% in the fourth quarter, selling 12,653 shares and retaining 27,737 shares valued at approximately $2.05 million. Despite this, other major institutions like Bank of America, Barclays, Vanguard, and State Street have increased their holdings, pushing institutional ownership to roughly 78.38%. Analysts generally hold a “Buy” rating for Xcel Energy, with a consensus price target of $90.88, and the company recently increased its quarterly dividend to $0.5925.