Atria Wealth Solutions Inc. Lowers Position in Xcel Energy Inc. $XEL

Atria Wealth Solutions Inc. lessened its position in Xcel Energy Inc. (NASDAQ:XEL) by 58.0% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,171 shares of the company’s stock after selling 5,770 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Xcel Energy were worth $285,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Envestnet Portfolio Solutions Inc. increased its position in Xcel Energy by 1.6% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 46,344 shares of the company’s stock valued at $3,156,000 after buying an additional 748 shares in the last quarter. Concord Asset Management LLC VA increased its position in Xcel Energy by 48.2% during the 2nd quarter. Concord Asset Management LLC VA now owns 4,745 shares of the company’s stock valued at $323,000 after buying an additional 1,544 shares in the last quarter. Sequoia Financial Advisors LLC increased its position in Xcel Energy by 35.4% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 35,803 shares of the company’s stock valued at $2,438,000 after buying an additional 9,355 shares in the last quarter. Yousif Capital Management LLC increased its position in Xcel Energy by 15.5% during the 2nd quarter. Yousif Capital Management LLC now owns 89,890 shares of the company’s stock valued at $6,122,000 after buying an additional 12,087 shares in the last quarter. Finally, M.E. Allison & CO. Inc. bought a new position in Xcel Energy during the 2nd quarter valued at approximately $259,000. Institutional investors own 78.38% of the company’s stock.

Xcel Energy Stock Down 0.8%

Xcel Energy stock opened at $80.64 on Wednesday. The firm has a market cap of $47.69 billion, a price-to-earnings ratio of 22.34, a PEG ratio of 2.87 and a beta of 0.37. The stock has a fifty day simple moving average of $75.73 and a two-hundred day simple moving average of $71.84. 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 posted its earnings results on Thursday, July 31st. The company reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.09. The business had revenue of $3.29 billion during the quarter, compared to analyst estimates of $3.31 billion. Xcel Energy had a return on equity of 10.52% and a net margin of 14.85%.The company’s quarterly revenue was up 8.6% compared to the same quarter last year. 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. Equities analysts predict that Xcel Energy Inc. will post 3.82 EPS for the current fiscal year.

Xcel Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 20th. Investors of record on Monday, September 15th were issued a $0.57 dividend. The ex-dividend date of this dividend was 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%.

Wall Street Analysts Forecast Growth

XEL has been the subject of a number of analyst reports. Cowen initiated coverage on Xcel Energy in a research report on Wednesday, October 15th. They set a “buy” rating for the company. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Xcel Energy in a research report on Wednesday, October 8th. TD Cowen initiated coverage on Xcel Energy in a research report on Thursday, October 16th. They set a “buy” rating and a $93.00 price objective for the company. Evercore ISI started coverage on Xcel Energy in a research report on Monday, October 6th. They set an “outperform” rating and a $92.00 price objective for the company. Finally, BMO Capital Markets lifted their target price on Xcel Energy from $84.00 to $87.00 and gave the stock an “outperform” rating in a report on Wednesday, October 15th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $85.77.

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.