Avidian Wealth Enterprises LLC Has $207,000 Stock Position in Xcel Energy Inc. $XEL

Avidian Wealth Enterprises LLC reduced its position in Xcel Energy Inc. (NASDAQ:XEL) by 7.7% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 3,040 shares of the company’s stock after selling 253 shares during the period. Avidian Wealth Enterprises LLC’s holdings in Xcel Energy were worth $207,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of XEL. Accent Capital Management LLC acquired a new stake in shares of Xcel Energy in the first quarter valued at approximately $29,000. BankPlus Trust Department acquired a new stake in shares of Xcel Energy in the first quarter valued at approximately $34,000. Rise Advisors LLC lifted its position in shares of Xcel Energy by 62.9% in the second quarter. Rise Advisors LLC now owns 518 shares of the company’s stock valued at $35,000 after buying an additional 200 shares during the last quarter. Marshall & Sullivan Inc. WA acquired a new stake in Xcel Energy during the 2nd quarter valued at $44,000. Finally, RMG Wealth Management LLC acquired a new stake in Xcel Energy during the 2nd quarter valued at $46,000. 78.38% of the stock is currently owned by institutional investors and hedge funds.

Xcel Energy Price Performance

XEL stock opened at $80.41 on Friday. The company has a 50 day simple moving average of $76.05 and a 200 day simple moving average of $71.99. The stock has a market cap of $47.56 billion, a price-to-earnings ratio of 22.27, a P/E/G ratio of 2.85 and a beta of 0.37. Xcel Energy Inc. has a 1 year low of $62.58 and a 1 year high of $83.01. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.96 and a quick ratio of 0.85.

Xcel Energy (NASDAQ:XEL) last released its quarterly earnings data 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. 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 firm’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.54 EPS. Xcel Energy has set its FY 2025 guidance at 3.750-3.850 EPS. Research analysts anticipate 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. Stockholders of record on Monday, September 15th were paid 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 dividend payout ratio is currently 63.16%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on XEL shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Xcel Energy in a report on Wednesday, October 8th. UBS Group raised their target price on shares of Xcel Energy from $82.00 to $84.00 and gave the stock a “neutral” rating in a research note on Friday, October 10th. Barclays raised their target price on shares of Xcel Energy from $72.00 to $81.00 and gave the stock an “overweight” rating in a research note on Monday, September 29th. TD Cowen initiated coverage on shares of Xcel Energy in a research report on Thursday, October 16th. They set a “buy” rating and a $93.00 price objective for the company. Finally, KeyCorp raised their price objective on shares of Xcel Energy from $79.00 to $85.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 15th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $86.23.

About Xcel Energy

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.