Xcel Energy Inc. $XEL Shares Sold by AlphaQuest LLC

AlphaQuest LLC lessened its stake in Xcel Energy Inc. (NASDAQ:XEL) by 5.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 8,797 shares of the company’s stock after selling 470 shares during the quarter. AlphaQuest LLC’s holdings in Xcel Energy were worth $599,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the stock. Accent Capital Management LLC acquired a new stake in Xcel Energy during the first quarter worth about $29,000. BankPlus Trust Department acquired a new stake in Xcel Energy during the first quarter worth about $34,000. Rise Advisors LLC raised its stake in Xcel Energy by 62.9% during the second quarter. Rise Advisors LLC now owns 518 shares of the company’s stock worth $35,000 after acquiring an additional 200 shares during the period. Marshall & Sullivan Inc. WA acquired a new stake in Xcel Energy during the second quarter worth about $44,000. Finally, RMG Wealth Management LLC acquired a new stake in Xcel Energy during the second quarter worth about $46,000. Institutional investors and hedge funds own 78.38% of the company’s stock.

Xcel Energy Trading Up 0.4%

Xcel Energy stock opened at $80.69 on Tuesday. The firm has a 50 day simple moving average of $76.39 and a 200-day simple moving average of $72.23. 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 stock has a market capitalization of $47.72 billion, a PE ratio of 22.35, a price-to-earnings-growth ratio of 2.83 and a beta of 0.37. Xcel Energy Inc. has a 12-month low of $62.58 and a 12-month high of $83.01.

Xcel Energy (NASDAQ:XEL) last posted its quarterly earnings data on Thursday, July 31st. The company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.09. The business had revenue of $3.29 billion during 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 last year, the firm posted $0.54 earnings per share. Xcel Energy has set its FY 2025 guidance at 3.750-3.850 EPS. As a group, equities research analysts expect that Xcel Energy Inc. will post 3.82 EPS 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. The ex-dividend date was Monday, September 15th. This represents a $2.28 annualized dividend and a dividend yield of 2.8%. Xcel Energy’s dividend payout ratio (DPR) is 63.16%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on XEL. KeyCorp increased their price objective 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. Evercore ISI started coverage on shares of Xcel Energy in a research note on Monday, October 6th. They issued an “outperform” rating and a $92.00 price target on the stock. Morgan Stanley set a $86.00 price target on shares of Xcel Energy and gave the company an “outperform” rating in a research note on Wednesday, October 22nd. Bank of America raised their price target on shares of Xcel Energy from $78.00 to $84.00 and gave the company a “buy” rating in a research note on Thursday, September 25th. Finally, BMO Capital Markets raised their price target on shares of Xcel Energy from $84.00 to $87.00 and gave the company an “outperform” rating in a research note on Wednesday, October 15th. Two analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $86.54.

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.