MJT & Associates Financial Advisory Group Inc. Sells 300 Shares of Xcel Energy Inc. $XEL

MJT & Associates Financial Advisory Group Inc. trimmed its holdings in shares of Xcel Energy Inc. (NASDAQ:XEL) by 9.4% during the second quarter, Holdings Channel.com reports. The institutional investor owned 2,879 shares of the company’s stock after selling 300 shares during the quarter. MJT & Associates Financial Advisory Group Inc.’s holdings in Xcel Energy were worth $196,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Dakota Wealth Management grew its position in Xcel Energy by 4.6% in the 2nd quarter. Dakota Wealth Management now owns 22,080 shares of the company’s stock valued at $1,504,000 after purchasing an additional 975 shares during the period. Perigon Wealth Management LLC raised its position in Xcel Energy by 9.0% in the second quarter. Perigon Wealth Management LLC now owns 6,689 shares of the company’s stock worth $456,000 after acquiring an additional 555 shares during the period. TD Private Client Wealth LLC grew its holdings in Xcel Energy by 0.4% during the second quarter. TD Private Client Wealth LLC now owns 53,571 shares of the company’s stock valued at $3,648,000 after purchasing an additional 235 shares during the period. Norden Group LLC lifted its stake in shares of Xcel Energy by 12.7% during the 2nd quarter. Norden Group LLC now owns 9,199 shares of the company’s stock valued at $626,000 after buying an additional 1,036 shares in the last quarter. Finally, Fifth Third Bancorp lifted its holdings in Xcel Energy by 1.0% during the 2nd quarter. Fifth Third Bancorp now owns 43,164 shares of the company’s stock worth $2,939,000 after purchasing an additional 416 shares in the last quarter. Institutional investors and hedge funds own 78.38% of the company’s stock.

Xcel Energy Stock Down 0.9%

NASDAQ:XEL opened at $77.25 on Friday. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.96 and a quick ratio of 0.85. The firm’s 50-day moving average price is $72.83 and its 200-day moving average price is $70.44. The company has a market capitalization of $45.69 billion, a PE ratio of 21.40, a P/E/G ratio of 2.62 and a beta of 0.35. Xcel Energy Inc. has a 1-year low of $62.12 and a 1-year high of $78.80.

Xcel Energy (NASDAQ:XEL) last announced its quarterly 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. The company had revenue of $3.29 billion for the quarter, compared to analysts’ expectations of $3.31 billion. Xcel Energy had a net margin of 14.85% and a return on equity of 10.52%. Xcel Energy’s revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.54 EPS. Xcel Energy has set its FY 2025 guidance at 3.750-3.850 EPS. On average, equities analysts predict that Xcel Energy Inc. will post 3.82 EPS for the current fiscal year.

Xcel Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 20th. Stockholders of record on Monday, September 15th will be paid a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Monday, September 15th. Xcel Energy’s dividend payout ratio (DPR) is currently 63.16%.

Analyst Ratings Changes

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

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.