Centric Wealth Management Buys New Shares in Xcel Energy Inc. $XEL

Posted by Francis Steltz on Aug 16th, 2026

Centric Wealth Management bought a new position in shares of Xcel Energy Inc. (NASDAQ:XEL – Free Report) during the 2nd quarter, HoldingsChannel.com reports. The fund bought 6,763 shares of the company’s stock, valued at approximately $537,000.

A number of other large investors have also bought and sold shares of the stock. Evolution Wealth Management Inc. boosted its position in shares of Xcel Energy by 365.3% during the 1st quarter. Evolution Wealth Management Inc. now owns 349 shares of the company’s stock worth $28,000 after purchasing an additional 274 shares in the last quarter. Garton & Associates Financial Advisors LLC acquired a new position in shares of Xcel Energy during the fourth quarter worth approximately $30,000. Pittenger & Anderson Inc. raised its position in shares of Xcel Energy by 73.8% during the fourth quarter. Pittenger & Anderson Inc. now owns 471 shares of the company’s stock worth $35,000 after purchasing an additional 200 shares during the period. Advocate Investing Services LLC bought a new position in shares of Xcel Energy in the 4th quarter worth $38,000. Finally, Cedar Mountain Advisors LLC bought a new position in shares of Xcel Energy in the 1st quarter worth $39,000. 78.38% of the stock is currently owned by institutional investors and hedge funds.

Xcel Energy Trading Up 0.2%

NASDAQ XEL opened at $79.17 on Friday. The firm has a market capitalization of $49.45 billion, a P/E ratio of 21.69, a PEG ratio of 2.06 and a beta of 0.39. The business has a fifty day simple moving average of $79.32 and a 200 day simple moving average of $79.61. Xcel Energy Inc. has a 12 month low of $69.16 and a 12 month high of $84.23. The company has a current ratio of 0.70, a quick ratio of 0.62 and a debt-to-equity ratio of 1.49.

Xcel Energy (NASDAQ:XEL – Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The company reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.14. Xcel Energy had a return on equity of 10.65% and a net margin of 15.28%.The business had revenue of $3.12 billion for the quarter, compared to analysts’ expectations of $3.54 billion. During the same period last year, the business earned $1.59 EPS. The business’s revenue was down 5.1% on a year-over-year basis. On average, analysts predict that Xcel Energy Inc. will post 4.11 EPS for the current fiscal year.

Xcel Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 20th. Investors of record on Tuesday, September 15th will be issued a dividend of $0.5925 per share. The ex-dividend date is Tuesday, September 15th. This represents a $2.37 annualized dividend and a yield of 3.0%. Xcel Energy’s payout ratio is 64.93%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on XEL shares. Evercore restated an “outperform” rating and set a $96.00 price target on shares of Xcel Energy in a research note on Monday, May 4th. BTIG Research reiterated a “buy” rating and set a $99.00 price objective on shares of Xcel Energy in a report on Friday, July 31st. Weiss Ratings reissued a “buy (b-)” rating on shares of Xcel Energy in a research report on Wednesday, June 17th. JPMorgan Chase & Co. upped their target price on shares of Xcel Energy from $91.00 to $102.00 and gave the stock an “overweight” rating in a report on Thursday, July 16th. Finally, UBS Group raised their price target on shares of Xcel Energy from $89.00 to $91.00 and gave the company a “buy” rating in a research report on Monday, April 20th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $92.41.

View Our Latest Report on Xcel Energy

Xcel Energy Company Profile

(Free Report)

Xcel Energy (NASDAQ: XEL) is a Minneapolis-based, publicly traded utility holding company that develops, owns and operates regulated electricity and natural gas delivery systems. The company’s core activities include generation, transmission and distribution of electricity, the delivery of natural gas to customers, and related customer service operations. Xcel provides a mix of utility services to residential, commercial and industrial customers and participates in wholesale energy markets where appropriate.

Its generation portfolio combines nuclear, natural gas, coal and a growing share of renewable resources such as wind and solar.