First County Bank CT Has $369,000 Stock Holdings in Xcel Energy Inc. $XEL

First County Bank CT cut its position in Xcel Energy Inc. (NASDAQ:XEL) by 29.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,421 shares of the company’s stock after selling 2,226 shares during the period. First County Bank CT’s holdings in Xcel Energy were worth $369,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in XEL. Patton Fund Management Inc. bought a new position in Xcel Energy in the second quarter worth approximately $217,000. ST Germain D J Co. Inc. raised its position in shares of Xcel Energy by 102.2% during the second quarter. ST Germain D J Co. Inc. now owns 2,993 shares of the company’s stock worth $204,000 after purchasing an additional 1,513 shares during the period. Dakota Wealth Management raised its position in shares of Xcel Energy by 4.6% during the second quarter. Dakota Wealth Management now owns 22,080 shares of the company’s stock worth $1,504,000 after purchasing an additional 975 shares during the period. Perigon Wealth Management LLC raised its position in shares of Xcel Energy by 9.0% during the second quarter. Perigon Wealth Management LLC now owns 6,689 shares of the company’s stock worth $456,000 after purchasing an additional 555 shares during the period. Finally, TD Private Client Wealth LLC raised its position in shares of Xcel Energy by 0.4% during the second quarter. TD Private Client Wealth LLC now owns 53,571 shares of the company’s stock worth $3,648,000 after purchasing an additional 235 shares during the period. 78.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have commented on XEL shares. Bank of America boosted their price target on shares of Xcel Energy from $78.00 to $84.00 and gave the company a “buy” rating in a research note on Thursday. UBS Group set a $82.00 price objective on shares of Xcel Energy in a report on Thursday. Mizuho set a $83.00 price target on shares of Xcel Energy in a research report on Thursday. Morgan Stanley lowered their price objective on Xcel Energy from $81.00 to $80.00 and set an “equal weight” rating for the company in a research note on Thursday. Finally, BMO Capital Markets set a $84.00 price objective on Xcel Energy in a research note on Thursday. Nine analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $79.64.

Xcel Energy Stock Up 2.6%

XEL stock opened at $79.28 on Monday. Xcel Energy Inc. has a 1-year low of $62.12 and a 1-year high of $79.41. The stock’s fifty day simple moving average is $73.00 and its two-hundred day simple moving average is $70.53. The company has a current ratio of 0.96, a quick ratio of 0.85 and a debt-to-equity ratio of 1.48. The stock has a market cap of $46.89 billion, a P/E ratio of 21.96, a P/E/G ratio of 2.67 and a beta of 0.35.

Xcel Energy (NASDAQ:XEL) last released its earnings results on Thursday, July 31st. The company reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.66 by $0.09. Xcel Energy had a net margin of 14.85% and a return on equity of 10.52%. The firm had revenue of $3.29 billion during the quarter, compared to the consensus estimate of $3.31 billion. During the same period in the prior year, the firm earned $0.54 EPS. The company’s 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. Analysts expect that Xcel Energy Inc. will post 3.82 EPS for the current year.

Xcel Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 20th. Shareholders of record on Monday, September 15th will be paid a $0.57 dividend. The ex-dividend date is Monday, September 15th. This represents a $2.28 annualized dividend and a dividend yield of 2.9%. Xcel Energy’s payout ratio 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.