Stephens Inc. AR Sells 330 Shares of Xcel Energy Inc. $XEL

Stephens Inc. AR decreased its position in Xcel Energy Inc. (NASDAQ:XEL) by 4.4% during the 2nd quarter, Holdings Channel reports. The firm owned 7,214 shares of the company’s stock after selling 330 shares during the quarter. Stephens Inc. AR’s holdings in Xcel Energy were worth $491,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in XEL. Accent Capital Management LLC bought a new stake in Xcel Energy during the 1st quarter worth about $29,000. BankPlus Trust Department acquired a new position in Xcel Energy during the 1st quarter valued at about $34,000. Rise Advisors LLC lifted its position in Xcel Energy by 62.9% during the 2nd quarter. Rise Advisors LLC now owns 518 shares of the company’s stock valued at $35,000 after purchasing an additional 200 shares during the period. Marshall & Sullivan Inc. WA acquired a new position in Xcel Energy during the 2nd quarter valued at about $44,000. Finally, RMG Wealth Management LLC acquired a new position in Xcel Energy during the 2nd quarter valued at about $46,000. Institutional investors own 78.38% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on XEL. Mizuho set a $83.00 target price on shares of Xcel Energy in a research report on Thursday, September 25th. TD Cowen assumed coverage on shares of Xcel Energy in a research report on Thursday, October 16th. They issued a “buy” rating and a $93.00 price target on the stock. Barclays increased their price target on shares of Xcel Energy from $72.00 to $81.00 and gave the company an “overweight” rating in a research report on Monday, September 29th. Jefferies Financial Group increased their price target on shares of Xcel Energy from $84.00 to $92.00 and gave the company a “buy” rating in a research report on Thursday, October 16th. Finally, Morgan Stanley set a $86.00 price target on shares of Xcel Energy and gave the company an “outperform” rating in a research report on Wednesday. Two research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $86.23.

Xcel Energy Price Performance

NASDAQ XEL opened at $80.39 on Friday. The business has a 50 day simple moving average of $76.22 and a 200 day simple moving average of $72.12. 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 stock has a market cap of $47.55 billion, a price-to-earnings ratio of 22.27, a PEG ratio of 2.83 and a beta of 0.37.

Xcel Energy (NASDAQ:XEL) last issued its quarterly earnings results on Thursday, July 31st. The company reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.09. The company 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 business’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period last year, the business earned $0.54 EPS. Xcel Energy has set its FY 2025 guidance at 3.750-3.850 EPS. Analysts anticipate that Xcel Energy Inc. will post 3.82 earnings per share for the current fiscal year.

Xcel Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, October 20th. Stockholders of record on Monday, September 15th were paid 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 of this dividend was Monday, September 15th. Xcel Energy’s dividend payout ratio (DPR) is currently 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.