TruNorth Capital Management LLC Decreases Stake in Xcel Energy Inc. $XEL

TruNorth Capital Management LLC lessened its holdings in shares of Xcel Energy Inc. (NASDAQ:XEL) by 61.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 557 shares of the company’s stock after selling 906 shares during the quarter. TruNorth Capital Management LLC’s holdings in Xcel Energy were worth $38,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Brighton Jones LLC purchased a new stake in shares of Xcel Energy in the fourth quarter valued at approximately $240,000. Fifth Third Wealth Advisors LLC boosted its position in shares of Xcel Energy by 7.3% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 4,159 shares of the company’s stock valued at $294,000 after acquiring an additional 283 shares during the last quarter. Merit Financial Group LLC grew its holdings in shares of Xcel Energy by 20.7% in the first quarter. Merit Financial Group LLC now owns 20,651 shares of the company’s stock valued at $1,462,000 after purchasing an additional 3,543 shares during the period. RFG Advisory LLC increased its position in Xcel Energy by 22.4% during the first quarter. RFG Advisory LLC now owns 8,879 shares of the company’s stock worth $629,000 after purchasing an additional 1,626 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. boosted its holdings in Xcel Energy by 14.2% in the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 21,741 shares of the company’s stock valued at $1,539,000 after purchasing an additional 2,702 shares during the last quarter. 78.38% of the stock is currently owned by institutional investors and hedge funds.

Xcel Energy Stock Down 0.4%

Xcel Energy stock opened at $80.31 on Thursday. The firm has a market capitalization of $47.50 billion, a P/E ratio of 22.25, a P/E/G ratio of 2.72 and a beta of 0.37. The company has a current ratio of 0.96, a quick ratio of 0.85 and a debt-to-equity ratio of 1.48. Xcel Energy Inc. has a twelve month low of $62.12 and a twelve month high of $81.15. The stock’s fifty day simple moving average is $73.48 and its 200-day simple moving average is $70.74.

Xcel Energy (NASDAQ:XEL) last released its earnings results on Thursday, July 31st. The company reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.66 by $0.09. Xcel Energy had a return on equity of 10.52% and a net margin of 14.85%.The firm had revenue of $3.29 billion during the quarter, compared to analyst estimates of $3.31 billion. During the same period last year, the business posted $0.54 earnings per share. Xcel Energy’s revenue was up 8.6% compared to the same quarter last year. Xcel Energy has set its FY 2025 guidance at 3.750-3.850 EPS. As a group, equities analysts expect that Xcel Energy Inc. will post 3.82 earnings per share for the current fiscal year.

Xcel Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, October 20th. Investors of record on Monday, September 15th will be issued a $0.57 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $2.28 annualized dividend and a yield of 2.8%. Xcel Energy’s dividend payout ratio (DPR) is 63.16%.

Wall Street Analyst Weigh In

A number of research firms recently commented on XEL. Morgan Stanley decreased their price objective on Xcel Energy from $81.00 to $80.00 and set an “equal weight” rating on the stock in a report on Thursday, September 25th. BMO Capital Markets set a $84.00 target price on Xcel Energy in a research report on Thursday, September 25th. Bank of America upped their target price on shares of Xcel Energy from $78.00 to $84.00 and gave the company a “buy” rating in a research report on Thursday, September 25th. Barclays raised their price target on Xcel Energy from $72.00 to $81.00 and gave the stock an “overweight” rating in a research report on Monday. Finally, UBS Group set a $82.00 price objective on Xcel Energy in a report on Thursday, September 25th. Nine analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $80.36.

Xcel Energy 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.