NorthRock Partners LLC Has $1.29 Million Stock Holdings in Xcel Energy Inc. $XEL

NorthRock Partners LLC cut its position in Xcel Energy Inc. (NASDAQ:XEL) by 11.1% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 18,870 shares of the company’s stock after selling 2,357 shares during the period. NorthRock Partners LLC’s holdings in Xcel Energy were worth $1,285,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of XEL. Brighton Jones LLC acquired a new stake in Xcel Energy in the fourth quarter worth $240,000. NorthCrest Asset Manangement LLC increased its position in shares of Xcel Energy by 15.9% during the first quarter. NorthCrest Asset Manangement LLC now owns 4,656 shares of the company’s stock worth $330,000 after acquiring an additional 638 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of Xcel Energy by 18.3% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 472,344 shares of the company’s stock worth $33,437,000 after acquiring an additional 73,036 shares in the last quarter. Optas LLC bought a new stake in shares of Xcel Energy during the first quarter worth $313,000. Finally, Janney Montgomery Scott LLC increased its position in shares of Xcel Energy by 2.5% during the first quarter. Janney Montgomery Scott LLC now owns 137,451 shares of the company’s stock worth $9,730,000 after acquiring an additional 3,344 shares in the last quarter. 78.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on XEL shares. UBS Group increased their price objective on shares of Xcel Energy from $82.00 to $84.00 and gave the stock a “neutral” rating in a research report on Friday. Weiss Ratings reissued a “hold (c+)” rating on shares of Xcel Energy in a research report on Wednesday, October 8th. Morgan Stanley lowered 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 report on Thursday, September 25th. Mizuho set a $83.00 price objective on shares of Xcel Energy in a research report on Thursday, September 25th. Finally, Evercore ISI started coverage on shares of Xcel Energy in a research report on Monday, October 6th. They set an “outperform” rating and a $92.00 price objective for the company. Nine analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, Xcel Energy presently has an average rating of “Moderate Buy” and an average target price of $81.91.

Xcel Energy Stock Down 1.0%

Xcel Energy stock opened at $80.16 on Tuesday. The company has a market cap of $47.41 billion, a P/E ratio of 22.21, a price-to-earnings-growth ratio of 2.72 and a beta of 0.37. Xcel Energy Inc. has a 1-year low of $62.35 and a 1-year high of $82.54. The company has a fifty day simple moving average of $74.77 and a 200 day simple moving average of $71.40. 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 released its earnings results on Thursday, July 31st. The company reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.66 by $0.09. The business had revenue of $3.29 billion during the quarter, compared to the consensus estimate of $3.31 billion. Xcel Energy had a net margin of 14.85% and a return on equity of 10.52%. The firm’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.54 earnings per share. Xcel Energy has set its FY 2025 guidance at 3.750-3.850 EPS. Research analysts anticipate that Xcel Energy Inc. will post 3.82 earnings per share for the current fiscal year.

Xcel Energy Dividend Announcement

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

Xcel Energy 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.