Xcel Energy Inc. $XEL Position Reduced by Stephens Inc. AR

Stephens Inc. AR trimmed its position in Xcel Energy Inc. (NASDAQ:XEL) by 4.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). 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 quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Navellier & Associates Inc. purchased a new position in Xcel Energy during the first quarter valued at approximately $2,735,000. J.W. Cole Advisors Inc. purchased a new position in Xcel Energy during the first quarter valued at approximately $905,000. Financial Gravity Asset Management Inc. purchased a new position in Xcel Energy during the first quarter valued at approximately $329,000. Pinnacle Financial Partners Inc purchased a new position in Xcel Energy during the first quarter valued at approximately $267,000. Finally, Electron Capital Partners LLC grew its position in Xcel Energy by 93.7% during the first quarter. Electron Capital Partners LLC now owns 1,921,636 shares of the company’s stock valued at $136,033,000 after purchasing an additional 929,516 shares in the last quarter. 78.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

XEL has been the topic of a number of research analyst reports. Mizuho set a $83.00 price objective on shares of Xcel Energy in a research report on Thursday, September 25th. Barclays boosted their price objective 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. UBS Group boosted their price objective on shares of Xcel Energy from $82.00 to $84.00 and gave the company a “neutral” rating in a research report on Friday, October 10th. TD Cowen initiated coverage on shares of Xcel Energy in a research note on Thursday, October 16th. They issued a “buy” rating and a $93.00 target price for the company. Finally, Weiss Ratings upgraded shares of Xcel Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday. Two research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $86.23.

Xcel Energy Stock Performance

NASDAQ:XEL opened at $80.39 on Friday. Xcel Energy Inc. has a 1 year low of $62.58 and a 1 year high of $83.01. The firm’s fifty day simple moving average is $76.22 and its 200 day simple moving average is $72.12. The firm has a market capitalization of $47.55 billion, a PE ratio of 22.27, a PEG ratio of 2.83 and a beta of 0.37. 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 announced 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 net margin of 14.85% and a return on equity of 10.52%. The business had revenue of $3.29 billion for the quarter, compared to analyst estimates of $3.31 billion. During the same quarter in the previous year, the firm posted $0.54 earnings per share. Xcel Energy’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. On average, sell-side analysts anticipate that Xcel Energy Inc. will post 3.82 EPS for the current year.

Xcel Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, October 20th. Shareholders of record on Monday, September 15th were issued a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend was Monday, September 15th. Xcel Energy’s payout ratio is 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.