Accel Wealth Management Purchases 245 Shares of Xcel Energy Inc. $XEL

Accel Wealth Management boosted its position in shares of Xcel Energy Inc. (NASDAQ:XEL) by 7.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,570 shares of the company’s stock after purchasing an additional 245 shares during the period. Accel Wealth Management’s holdings in Xcel Energy were worth $243,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Accent Capital Management LLC bought a new position in Xcel Energy during the 1st quarter worth about $29,000. BankPlus Trust Department bought a new position in Xcel Energy during the 1st quarter worth about $34,000. Rise Advisors LLC increased its holdings in Xcel Energy by 62.9% during the 2nd quarter. Rise Advisors LLC now owns 518 shares of the company’s stock worth $35,000 after purchasing an additional 200 shares in the last quarter. Marshall & Sullivan Inc. WA bought a new position in Xcel Energy during the 2nd quarter worth about $44,000. Finally, Rossby Financial LCC acquired a new position in shares of Xcel Energy during the 1st quarter worth about $50,000. Institutional investors own 78.38% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on XEL. Mizuho set a $83.00 price objective on shares of Xcel Energy in a research note on Thursday, September 25th. BMO Capital Markets set a $84.00 price objective on shares of Xcel Energy in a research note on Thursday, September 25th. Morgan Stanley reduced their price objective on shares of Xcel Energy from $81.00 to $80.00 and set an “equal weight” rating for the company in a research note on Thursday, September 25th. Barclays increased their price objective on shares of Xcel Energy from $72.00 to $81.00 and gave the stock an “overweight” rating in a research note on Monday, September 29th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Xcel Energy in a research note on Saturday, September 27th. Nine investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, Xcel Energy presently has an average rating of “Moderate Buy” and a consensus target price of $80.36.

Xcel Energy Trading Up 0.8%

Shares of NASDAQ:XEL opened at $80.26 on Monday. Xcel Energy Inc. has a 52-week low of $62.12 and a 52-week high of $81.15. The company has a market capitalization of $47.47 billion, a P/E ratio of 22.23, a price-to-earnings-growth ratio of 2.70 and a beta of 0.37. The company has a 50-day simple moving average of $73.77 and a 200 day simple moving average of $70.89. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.85 and a current ratio of 0.96.

Xcel Energy (NASDAQ:XEL) last released its quarterly earnings results on Thursday, July 31st. The company reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.09. The firm 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%. The business’s revenue was up 8.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.54 EPS. Xcel Energy has set its FY 2025 guidance at 3.750-3.850 EPS. Sell-side 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 declared a quarterly dividend, which will be paid on Monday, October 20th. Shareholders of record on Monday, September 15th will be 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 is Monday, September 15th. Xcel Energy’s dividend payout ratio is currently 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.