Stock Yards Bank & Trust Co. Sells 838 Shares of Xcel Energy Inc. $XEL

Stock Yards Bank & Trust Co. cut its position in Xcel Energy Inc. (NASDAQ:XEL) by 13.9% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,171 shares of the company’s stock after selling 838 shares during the quarter. Stock Yards Bank & Trust Co.’s holdings in Xcel Energy were worth $352,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC bought a new stake in shares of Xcel Energy in the fourth quarter valued at about $240,000. Wedmont Private Capital boosted its holdings in Xcel Energy by 9.7% in the 1st quarter. Wedmont Private Capital now owns 8,136 shares of the company’s stock valued at $566,000 after purchasing an additional 719 shares during the period. UMB Bank n.a. grew its position in shares of Xcel Energy by 12.3% during the 1st quarter. UMB Bank n.a. now owns 3,525 shares of the company’s stock worth $250,000 after purchasing an additional 386 shares in the last quarter. Park Avenue Securities LLC grew its position in shares of Xcel Energy by 7.6% during the 1st quarter. Park Avenue Securities LLC now owns 20,662 shares of the company’s stock worth $1,463,000 after purchasing an additional 1,460 shares in the last quarter. Finally, Central Bank & Trust Co. increased its holdings in shares of Xcel Energy by 1.2% during the first quarter. Central Bank & Trust Co. now owns 23,099 shares of the company’s stock worth $1,635,000 after purchasing an additional 266 shares during the period. Institutional investors own 78.38% of the company’s stock.

Analyst Ratings Changes

XEL has been the subject of several recent research reports. BMO Capital Markets set a $84.00 price target on Xcel Energy in a research note on Thursday, September 25th. UBS Group set a $82.00 target price on Xcel Energy in a research report on Thursday, September 25th. Morgan Stanley decreased their price target on Xcel Energy from $81.00 to $80.00 and set an “equal weight” rating on the stock in a research report on Thursday, September 25th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Xcel Energy in a research report on Saturday, September 27th. Finally, Mizuho set a $83.00 target price on shares of Xcel Energy in a report on Thursday, September 25th. Nine research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Xcel Energy currently has a consensus rating of “Moderate Buy” and an average price target of $80.36.

Xcel Energy Stock Performance

Shares of Xcel Energy stock opened at $80.26 on Monday. The company’s 50 day moving average price is $73.77 and its two-hundred day moving average price is $70.89. The firm has a market capitalization of $47.47 billion, a P/E ratio of 22.23, a P/E/G ratio of 2.70 and a beta of 0.37. Xcel Energy Inc. has a fifty-two week low of $62.12 and a fifty-two week high of $81.15. 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 issued its earnings results 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. Xcel Energy had a return on equity of 10.52% and a net margin of 14.85%.The business had revenue of $3.29 billion during the quarter, compared to analysts’ expectations of $3.31 billion. During the same quarter in the prior year, the firm earned $0.54 EPS. The business’s revenue for the quarter 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, equities analysts forecast that Xcel Energy Inc. will post 3.82 earnings per share for the current fiscal year.

Xcel Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 20th. Shareholders of record on Monday, September 15th will be issued a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend is Monday, September 15th. 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.