Stratos Wealth Partners LTD. Reduces Stock Position in Xcel Energy Inc. $XEL

Stratos Wealth Partners LTD. lowered its position in Xcel Energy Inc. (NASDAQ:XEL) by 5.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,741 shares of the company’s stock after selling 356 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in Xcel Energy were worth $391,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Navellier & Associates Inc. bought a new position in shares of Xcel Energy in the first quarter worth $2,735,000. J.W. Cole Advisors Inc. bought a new position in shares of Xcel Energy in the first quarter worth $905,000. Financial Gravity Asset Management Inc. bought a new position in shares of Xcel Energy in the first quarter worth $329,000. Pinnacle Financial Partners Inc bought a new position in Xcel Energy in the first quarter valued at $267,000. Finally, Electron Capital Partners LLC increased its stake in Xcel Energy by 93.7% in the first quarter. Electron Capital Partners LLC now owns 1,921,636 shares of the company’s stock valued at $136,033,000 after acquiring an additional 929,516 shares during the last quarter. Institutional investors own 78.38% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on XEL shares. Jefferies Financial Group increased their target price on Xcel Energy from $84.00 to $92.00 and gave the company a “buy” rating in a research note on Thursday, October 16th. Evercore ISI assumed coverage on Xcel Energy in a research report on Monday, October 6th. They set an “outperform” rating and a $92.00 price target for the company. Cowen initiated coverage on Xcel Energy in a research report on Wednesday, October 15th. They set a “buy” rating for the company. Barclays upped their price objective on shares of Xcel Energy from $72.00 to $81.00 and gave the stock an “overweight” rating in a report on Monday, September 29th. Finally, Morgan Stanley set a $86.00 price objective on shares of Xcel Energy and gave the stock an “outperform” rating in a report on Wednesday. Two investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, Xcel Energy presently has an average rating of “Buy” and a consensus target price of $86.23.

Xcel Energy Stock Performance

Shares of XEL opened at $80.39 on Friday. 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 Inc. has a one year low of $62.58 and a one year high of $83.01. The company has a 50-day simple moving average of $76.22 and a two-hundred day simple moving average of $72.08. The firm has a market capitalization of $47.55 billion, a PE ratio of 22.27, a price-to-earnings-growth ratio of 2.84 and a beta of 0.37.

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

Xcel Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, October 20th. Stockholders of record on Monday, September 15th were issued a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 2.8%. The ex-dividend date was Monday, September 15th. Xcel Energy’s dividend payout ratio (DPR) is presently 63.16%.

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.