MGO One Seven LLC Cuts Stake in Xcel Energy Inc. $XEL

MGO One Seven LLC lowered its position in Xcel Energy Inc. (NASDAQ:XEL) by 7.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,009 shares of the company’s stock after selling 338 shares during the quarter. MGO One Seven LLC’s holdings in Xcel Energy were worth $273,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Accent Capital Management LLC bought a new stake in Xcel Energy in the first quarter valued at approximately $29,000. BankPlus Trust Department bought a new position in shares of Xcel Energy during the first quarter valued at approximately $34,000. Rise Advisors LLC raised its holdings in Xcel Energy by 62.9% in the second quarter. Rise Advisors LLC now owns 518 shares of the company’s stock worth $35,000 after purchasing an additional 200 shares in the last quarter. Marshall & Sullivan Inc. WA bought a new position in Xcel Energy in the second quarter worth $44,000. Finally, RMG Wealth Management LLC bought a new position in Xcel Energy in the second quarter worth $46,000. Hedge funds and other institutional investors own 78.38% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on XEL. Weiss Ratings reissued a “hold (c+)” rating on shares of Xcel Energy in a research note on Wednesday, October 8th. Mizuho set a $83.00 price objective on Xcel Energy in a research report on Thursday, September 25th. KeyCorp increased their price objective on Xcel Energy from $79.00 to $85.00 and gave the company an “overweight” rating in a research report on Wednesday. TD Cowen started coverage on Xcel Energy in a research report on Thursday. They issued a “buy” rating and a $93.00 target price on the stock. Finally, Cowen assumed coverage on Xcel Energy in a research report on Wednesday. They issued a “buy” rating on the stock. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $84.92.

Xcel Energy Stock Up 0.1%

Shares of XEL opened at $81.16 on Monday. The business’s 50 day moving average is $75.40 and its 200 day moving average is $71.68. The company has a market capitalization of $48.00 billion, a PE ratio of 22.48, a price-to-earnings-growth ratio of 2.86 and a beta of 0.37. Xcel Energy Inc. has a 12-month low of $62.58 and a 12-month high of $83.01. 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 (NASDAQ:XEL) last issued its earnings results on Thursday, July 31st. The company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.09. The company had revenue of $3.29 billion for the quarter, compared to the consensus estimate of $3.31 billion. Xcel Energy had a return on equity of 10.52% and a net margin of 14.85%.The firm’s quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter last year, the company earned $0.54 EPS. Xcel Energy has set its FY 2025 guidance at 3.750-3.850 EPS. Research analysts expect that Xcel Energy Inc. will post 3.82 earnings per share for the current fiscal year.

Xcel Energy Dividend Announcement

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