Assetmark Inc. Decreases Stock Holdings in Xcel Energy Inc. $XEL

Assetmark Inc. lowered its position in Xcel Energy Inc. (NASDAQ:XEL) by 11.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 149,352 shares of the company’s stock after selling 19,244 shares during the period. Assetmark Inc.’s holdings in Xcel Energy were worth $12,045,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Brighton Jones LLC purchased a new position in Xcel Energy in the fourth quarter worth $240,000. Empowered Funds LLC boosted its position in shares of Xcel Energy by 30.7% in the 1st quarter. Empowered Funds LLC now owns 13,810 shares of the company’s stock worth $978,000 after purchasing an additional 3,242 shares in the last quarter. Woodline Partners LP grew its stake in Xcel Energy by 40.7% during the 1st quarter. Woodline Partners LP now owns 48,515 shares of the company’s stock worth $3,434,000 after buying an additional 14,029 shares during the last quarter. TD Asset Management Inc grew its stake in Xcel Energy by 2.5% during the 2nd quarter. TD Asset Management Inc now owns 231,099 shares of the company’s stock worth $15,738,000 after buying an additional 5,705 shares during the last quarter. Finally, Mutual Advisors LLC increased its position in Xcel Energy by 5.8% during the 2nd quarter. Mutual Advisors LLC now owns 3,114 shares of the company’s stock valued at $226,000 after buying an additional 172 shares in the last quarter. Institutional investors own 78.38% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on XEL shares. Royal Bank Of Canada reissued an “outperform” rating and issued a $95.00 price target on shares of Xcel Energy in a report on Friday, January 23rd. UBS Group raised shares of Xcel Energy from a “neutral” rating to a “buy” rating and increased their price objective for the company from $81.00 to $89.00 in a research report on Friday. BTIG Research set a $94.00 target price on shares of Xcel Energy in a research report on Friday, January 30th. JPMorgan Chase & Co. cut their price target on shares of Xcel Energy from $90.00 to $87.00 and set an “overweight” rating on the stock in a research note on Thursday, December 11th. Finally, Morgan Stanley reaffirmed an “underperform” rating on shares of Xcel Energy in a report on Wednesday, January 21st. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, Xcel Energy presently has a consensus rating of “Buy” and a consensus target price of $88.13.

Xcel Energy Stock Up 3.3%

XEL stock opened at $81.59 on Monday. The firm’s fifty day simple moving average is $75.22 and its 200-day simple moving average is $76.47. The company has a market capitalization of $48.26 billion, a P/E ratio of 23.86, a price-to-earnings-growth ratio of 2.23 and a beta of 0.45. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.79 and a quick ratio of 0.69. Xcel Energy Inc. has a 12 month low of $65.21 and a 12 month high of $83.01.

Xcel Energy (NASDAQ:XEL) last issued its earnings results on Thursday, February 5th. The company reported $0.96 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.96. Xcel Energy had a net margin of 13.76% and a return on equity of 10.83%. The firm had revenue of $3.56 billion during the quarter, compared to analysts’ expectations of $3.77 billion. During the same quarter last year, the company posted $0.81 earnings per share. The firm’s revenue was up 14.1% compared to the same quarter last year. Xcel Energy has set its FY 2026 guidance at 4.040-4.160 EPS. As a group, equities research analysts forecast that Xcel Energy Inc. will post 3.82 earnings per share for the current year.

Xcel Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 20th. Stockholders of record on Monday, December 29th were paid a $0.57 dividend. The ex-dividend date was Monday, December 29th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.8%. Xcel Energy’s dividend payout ratio is presently 66.67%.

Xcel Energy Company Profile

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.