Avidian Wealth Enterprises LLC Has $207,000 Position in Xcel Energy Inc. $XEL

Avidian Wealth Enterprises LLC lowered its position in shares of Xcel Energy Inc. (NASDAQ:XEL) by 7.7% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,040 shares of the company’s stock after selling 253 shares during the quarter. Avidian Wealth Enterprises LLC’s holdings in Xcel Energy were worth $207,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Brighton Jones LLC acquired a new position in Xcel Energy in the fourth quarter valued at about $240,000. Cambridge Investment Research Advisors Inc. grew its stake in Xcel Energy by 1.1% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 97,336 shares of the company’s stock valued at $6,890,000 after acquiring an additional 1,065 shares during the period. Continuum Advisory LLC grew its stake in Xcel Energy by 150.9% in the first quarter. Continuum Advisory LLC now owns 1,548 shares of the company’s stock valued at $110,000 after acquiring an additional 931 shares during the period. Asset Management One Co. Ltd. grew its position in shares of Xcel Energy by 6.9% in the 1st quarter. Asset Management One Co. Ltd. now owns 254,262 shares of the company’s stock valued at $17,999,000 after purchasing an additional 16,473 shares during the period. Finally, International Assets Investment Management LLC grew its position in shares of Xcel Energy by 3.5% in the 1st quarter. International Assets Investment Management LLC now owns 6,802 shares of the company’s stock valued at $482,000 after purchasing an additional 229 shares during the period. Institutional investors and hedge funds own 78.38% of the company’s stock.

Wall Street Analysts Forecast Growth

XEL has been the subject of several research analyst reports. Bank of America boosted their price objective on Xcel Energy from $78.00 to $84.00 and gave the company a “buy” rating in a research report on Thursday, September 25th. Morgan Stanley set a $86.00 price target on shares of Xcel Energy and gave the company an “outperform” rating in a report on Wednesday. KeyCorp upped their target price on shares of Xcel Energy from $79.00 to $85.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 15th. Mizuho set a $83.00 target price on shares of Xcel Energy in a research note on Thursday, September 25th. Finally, BMO Capital Markets upped their target price on shares of Xcel Energy from $84.00 to $87.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 15th. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $86.23.

Xcel Energy Trading Down 0.3%

Xcel Energy stock opened at $80.41 on Friday. The firm has a 50-day moving average of $76.05 and a 200-day moving average of $71.99. Xcel Energy Inc. has a one year low of $62.58 and a one year high of $83.01. 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 company has a market cap of $47.56 billion, a price-to-earnings ratio of 22.27, a P/E/G ratio of 2.85 and a beta of 0.37.

Xcel Energy (NASDAQ:XEL) last posted its quarterly earnings data on Thursday, July 31st. The company reported $0.75 EPS for the quarter, topping 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 during the quarter, compared to the consensus estimate of $3.31 billion. During the same period in the prior year, the business posted $0.54 EPS. The company’s quarterly revenue 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, equities analysts expect that Xcel Energy Inc. will post 3.82 earnings per share for the current fiscal year.

Xcel Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 20th. Stockholders of record on Monday, September 15th were issued a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend was Monday, September 15th. Xcel Energy’s dividend payout ratio is presently 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.