Xcel Energy Inc. $XEL Holdings Decreased by RFG Advisory LLC

RFG Advisory LLC trimmed its position in Xcel Energy Inc. (NASDAQ:XEL) by 14.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,576 shares of the company’s stock after selling 1,303 shares during the quarter. RFG Advisory LLC’s holdings in Xcel Energy were worth $516,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in XEL. Brighton Jones LLC bought a new stake in shares of Xcel Energy in the 4th quarter valued at approximately $240,000. Wealth Enhancement Advisory Services LLC grew its stake in Xcel Energy by 18.3% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 472,344 shares of the company’s stock worth $33,437,000 after buying an additional 73,036 shares during the last quarter. Janney Montgomery Scott LLC grew its stake in Xcel Energy by 2.5% during the 1st quarter. Janney Montgomery Scott LLC now owns 137,451 shares of the company’s stock worth $9,730,000 after buying an additional 3,344 shares during the last quarter. Sowell Financial Services LLC bought a new position in Xcel Energy during the 1st quarter worth $353,000. Finally, CWA Asset Management Group LLC grew its stake in Xcel Energy by 17.2% during the 1st quarter. CWA Asset Management Group LLC now owns 12,576 shares of the company’s stock worth $890,000 after buying an additional 1,850 shares during the last quarter. 78.38% of the stock is currently owned by institutional investors.

Xcel Energy Trading Up 0.1%

NASDAQ:XEL opened at $81.16 on Friday. Xcel Energy Inc. has a 1 year low of $62.58 and a 1 year high of $83.01. The stock has a market cap of $48.00 billion, a price-to-earnings ratio of 22.48, a PEG ratio of 2.86 and a beta of 0.37. The business has a fifty day moving average of $75.40 and a 200-day moving average of $71.68. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.85 and a current ratio of 0.96.

Xcel Energy (NASDAQ:XEL) last released its quarterly earnings results on Thursday, July 31st. The company reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.09. Xcel Energy had a return on equity of 10.52% and a net margin of 14.85%.The company had revenue of $3.29 billion during the quarter, compared to analysts’ expectations of $3.31 billion. During the same quarter in the prior year, the business posted $0.54 earnings per share. The company’s revenue for the quarter 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. Equities analysts predict that Xcel Energy Inc. will post 3.82 earnings per share for the current year.

Xcel Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 20th. Stockholders of record on Monday, September 15th will be issued 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 dividend payout ratio is 63.16%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on XEL. Bank of America upped their price objective on Xcel Energy from $78.00 to $84.00 and gave the stock a “buy” rating in a research note on Thursday, September 25th. Barclays upped their price objective on Xcel Energy from $72.00 to $81.00 and gave the stock an “overweight” rating in a research note on Monday, September 29th. Mizuho set a $83.00 price objective on Xcel Energy in a research note on Thursday, September 25th. TD Cowen began coverage on Xcel Energy in a research note on Thursday. They set a “buy” rating and a $93.00 price objective for the company. Finally, UBS Group upped their price objective on Xcel Energy from $82.00 to $84.00 and gave the stock a “neutral” rating in a research note on Friday, October 10th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $84.92.

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.