NorthRock Partners LLC Sells 2,357 Shares of Xcel Energy Inc. $XEL

NorthRock Partners LLC lessened its position in Xcel Energy Inc. (NASDAQ:XEL) by 11.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,870 shares of the company’s stock after selling 2,357 shares during the period. NorthRock Partners LLC’s holdings in Xcel Energy were worth $1,285,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Accent Capital Management LLC acquired a new stake in shares of Xcel Energy during the 1st quarter worth about $29,000. BankPlus Trust Department acquired a new stake in shares of Xcel Energy during the 1st quarter worth about $34,000. Rise Advisors LLC lifted its stake in shares of Xcel Energy by 62.9% during the 2nd quarter. Rise Advisors LLC now owns 518 shares of the company’s stock worth $35,000 after buying an additional 200 shares during the last quarter. Marshall & Sullivan Inc. WA acquired a new stake in shares of Xcel Energy during the 2nd quarter worth about $44,000. Finally, RMG Wealth Management LLC acquired a new stake in shares of Xcel Energy during the 2nd quarter worth about $46,000. Institutional investors own 78.38% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. BMO Capital Markets set a $84.00 target price on shares of Xcel Energy in a research note on Thursday, September 25th. Morgan Stanley cut their target price on shares of Xcel Energy from $81.00 to $80.00 and set an “equal weight” rating for the company in a research note on Thursday, September 25th. Bank of America raised their target price on shares of Xcel Energy from $78.00 to $84.00 and gave the stock a “buy” rating in a research note on Thursday, September 25th. Evercore ISI began coverage on shares of Xcel Energy in a research note on Monday, October 6th. They set an “outperform” rating and a $92.00 target price for the company. Finally, UBS Group lifted their price objective on shares of Xcel Energy from $82.00 to $84.00 and gave the stock a “neutral” rating in a research note on Friday. Nine research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $81.91.

Xcel Energy Price Performance

Shares of Xcel Energy stock opened at $80.16 on Tuesday. Xcel Energy Inc. has a twelve month low of $62.35 and a twelve month high of $82.54. The company has a quick ratio of 0.85, a current ratio of 0.96 and a debt-to-equity ratio of 1.48. The company has a 50-day simple moving average of $74.77 and a two-hundred day simple moving average of $71.40. The stock has a market capitalization of $47.41 billion, a price-to-earnings ratio of 22.21, a price-to-earnings-growth ratio of 2.72 and a beta of 0.37.

Xcel Energy (NASDAQ:XEL) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.09. The business had revenue of $3.29 billion during the quarter, compared to analysts’ expectations of $3.31 billion. Xcel Energy had a net margin of 14.85% and a return on equity of 10.52%. The business’s revenue was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.54 EPS. Xcel Energy has set its FY 2025 guidance at 3.750-3.850 EPS. Analysts forecast that Xcel Energy Inc. will post 3.82 EPS for the current year.

Xcel Energy Announces Dividend

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

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.