Mattson Financial Services LLC Decreases Stock Position in Xcel Energy Inc. $XEL

Mattson Financial Services LLC reduced its position in Xcel Energy Inc. (NASDAQ:XEL) by 1.5% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 14,079 shares of the company’s stock after selling 214 shares during the period. Mattson Financial Services LLC’s holdings in Xcel Energy were worth $959,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Accent Capital Management LLC purchased a new position in Xcel Energy in the 1st quarter worth approximately $29,000. BankPlus Trust Department purchased a new position in Xcel Energy in the 1st quarter worth approximately $34,000. Rise Advisors LLC raised its holdings in Xcel Energy by 62.9% in the 2nd quarter. Rise Advisors LLC now owns 518 shares of the company’s stock worth $35,000 after acquiring an additional 200 shares during the last quarter. Marshall & Sullivan Inc. WA bought a new stake in Xcel Energy in the 2nd quarter worth approximately $44,000. Finally, RMG Wealth Management LLC bought a new stake in Xcel Energy in the 2nd quarter worth approximately $46,000. 78.38% of the stock is currently owned by hedge funds and other institutional investors.

Xcel Energy Stock Down 0.9%

XEL opened at $81.10 on Friday. 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 Inc. has a fifty-two week low of $62.58 and a fifty-two week high of $83.01. The firm’s fifty day moving average is $75.24 and its 200 day moving average is $71.61. The stock has a market cap of $47.96 billion, a price-to-earnings ratio of 22.47, a price-to-earnings-growth ratio of 2.89 and a beta of 0.37.

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. Xcel Energy had a net margin of 14.85% and a return on equity of 10.52%. The company had revenue of $3.29 billion for the quarter, compared to analysts’ expectations of $3.31 billion. During the same quarter in the previous year, the company earned $0.54 EPS. Xcel Energy’s revenue for the quarter was up 8.6% on a year-over-year basis. Xcel Energy has set its FY 2025 guidance at 3.750-3.850 EPS. On average, sell-side analysts forecast that Xcel Energy Inc. will post 3.82 earnings per share for the current fiscal year.

Xcel Energy Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Barclays lifted their target price on shares of Xcel Energy from $72.00 to $81.00 and gave the stock an “overweight” rating in a research report on Monday, September 29th. Morgan Stanley cut their target price 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. Jefferies Financial Group boosted their price objective on shares of Xcel Energy from $84.00 to $92.00 and gave the company a “buy” rating in a research report on Thursday. Mizuho set a $83.00 price objective on shares of Xcel Energy in a research report on Thursday, September 25th. Finally, 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. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Xcel Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of $84.92.

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.