Sagespring Wealth Partners LLC Buys 3,292 Shares of Xcel Energy Inc. $XEL

Sagespring Wealth Partners LLC raised its stake in shares of Xcel Energy Inc. (NASDAQ:XEL) by 62.8% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 8,534 shares of the company’s stock after acquiring an additional 3,292 shares during the quarter. Sagespring Wealth Partners LLC’s holdings in Xcel Energy were worth $581,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in XEL. LCM Capital Management Inc raised its holdings in shares of Xcel Energy by 4.3% in the second quarter. LCM Capital Management Inc now owns 3,572 shares of the company’s stock valued at $243,000 after buying an additional 147 shares during the last quarter. Blair William & Co. IL raised its holdings in shares of Xcel Energy by 0.4% in the second quarter. Blair William & Co. IL now owns 38,183 shares of the company’s stock valued at $2,600,000 after buying an additional 151 shares during the last quarter. LRI Investments LLC raised its holdings in shares of Xcel Energy by 8.7% in the second quarter. LRI Investments LLC now owns 2,068 shares of the company’s stock valued at $141,000 after buying an additional 165 shares during the last quarter. Conning Inc. raised its holdings in shares of Xcel Energy by 4.1% in the first quarter. Conning Inc. now owns 4,400 shares of the company’s stock valued at $311,000 after buying an additional 172 shares during the last quarter. Finally, First Horizon Advisors Inc. raised its holdings in shares of Xcel Energy by 3.1% in the first quarter. First Horizon Advisors Inc. now owns 5,998 shares of the company’s stock valued at $425,000 after buying an additional 183 shares during the last quarter. 78.38% of the stock is owned by institutional investors.

Xcel Energy Price Performance

Xcel Energy stock opened at $81.10 on Friday. The firm has a market capitalization of $47.96 billion, a P/E ratio of 22.47, a PEG ratio of 2.89 and a beta of 0.37. Xcel Energy Inc. has a 1 year low of $62.58 and a 1 year high of $83.01. The business has a 50-day moving average of $75.24 and a 200-day moving average of $71.61. The company has a current ratio of 0.96, a quick ratio of 0.85 and a debt-to-equity ratio of 1.48.

Xcel Energy (NASDAQ:XEL) last posted its earnings results on Thursday, July 31st. The company reported $0.75 earnings per share (EPS) 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 analyst estimates of $3.31 billion. Xcel Energy had a return on equity of 10.52% and a net margin of 14.85%.The company’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.54 EPS. Xcel Energy has set its FY 2025 guidance at 3.750-3.850 EPS. On average, equities analysts anticipate that Xcel Energy Inc. will post 3.82 EPS for the current year.

Xcel Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 20th. Investors of record on Monday, September 15th will be given a $0.57 dividend. The ex-dividend date is Monday, September 15th. This represents a $2.28 annualized dividend and a dividend yield of 2.8%. Xcel Energy’s payout ratio is currently 63.16%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on XEL shares. Jefferies Financial Group lifted their price target on Xcel Energy from $84.00 to $92.00 and gave the company a “buy” rating in a report on Thursday. Cowen began coverage on Xcel Energy in a report on Wednesday. They set a “buy” rating for the company. Weiss Ratings reissued a “hold (c+)” rating on shares of Xcel Energy in a report on Wednesday, October 8th. Barclays boosted their price objective on Xcel Energy from $72.00 to $81.00 and gave the stock an “overweight” rating in a report on Monday, September 29th. Finally, BMO Capital Markets boosted their price objective on Xcel Energy from $84.00 to $87.00 and gave the stock an “outperform” rating in a report on Wednesday. Eleven analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Xcel Energy has an average rating of “Moderate Buy” and an average target price of $84.92.

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.