Securian Asset Management Inc. Sells 263 Shares of Xcel Energy Inc. $XEL

Securian Asset Management Inc. trimmed its position in shares of Xcel Energy Inc. (NASDAQ:XEL) by 0.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,069 shares of the company’s stock after selling 263 shares during the quarter. Securian Asset Management Inc.’s holdings in Xcel Energy were worth $2,048,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. LCM Capital Management Inc lifted its holdings in shares of Xcel Energy by 4.3% during the 2nd quarter. LCM Capital Management Inc now owns 3,572 shares of the company’s stock valued at $243,000 after buying an additional 147 shares during the period. Blair William & Co. IL lifted its holdings in shares of Xcel Energy by 0.4% during the 2nd quarter. Blair William & Co. IL now owns 38,183 shares of the company’s stock valued at $2,600,000 after buying an additional 151 shares during the period. LRI Investments LLC lifted its holdings in shares of Xcel Energy by 8.7% during the 2nd quarter. LRI Investments LLC now owns 2,068 shares of the company’s stock valued at $141,000 after buying an additional 165 shares during the period. Conning Inc. lifted its holdings in shares of Xcel Energy by 4.1% during the 1st quarter. Conning Inc. now owns 4,400 shares of the company’s stock valued at $311,000 after buying an additional 172 shares during the period. Finally, Mutual Advisors LLC increased its stake in shares of Xcel Energy by 5.8% in the 2nd quarter. Mutual Advisors LLC now owns 3,114 shares of the company’s stock worth $226,000 after purchasing an additional 172 shares in the last quarter. 78.38% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently commented on XEL. Jefferies Financial Group upped their price objective on Xcel Energy from $84.00 to $92.00 and gave the stock a “buy” rating in a research note on Thursday, October 16th. BMO Capital Markets upped their price objective on Xcel Energy from $84.00 to $87.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 15th. Morgan Stanley set a $86.00 price objective on Xcel Energy and gave the stock an “outperform” rating in a research note on Wednesday. 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. Finally, TD Cowen began coverage on Xcel Energy in a research note on Thursday, October 16th. They issued a “buy” rating and a $93.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $86.23.

Xcel Energy Trading Up 0.1%

Shares of XEL stock opened at $80.69 on Thursday. Xcel Energy Inc. has a 52-week low of $62.58 and a 52-week high of $83.01. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.85 and a current ratio of 0.96. The firm has a market capitalization of $47.72 billion, a PE ratio of 22.35, a PEG ratio of 2.84 and a beta of 0.37. The stock has a fifty day simple moving average of $75.89 and a two-hundred day simple moving average of $71.90.

Xcel Energy (NASDAQ:XEL) last issued its quarterly earnings results on Thursday, July 31st. The company reported $0.75 earnings per share (EPS) for the quarter, topping 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 business had revenue of $3.29 billion during the quarter, compared to analyst estimates of $3.31 billion. During the same quarter in the prior year, the business posted $0.54 EPS. Xcel Energy’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. On average, analysts predict that Xcel Energy Inc. will post 3.82 EPS for the current fiscal year.

Xcel Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, October 20th. Shareholders of record on Monday, September 15th were paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date was Monday, September 15th. Xcel Energy’s dividend 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.