Securian Asset Management Inc. Trims Stake in Xcel Energy Inc. $XEL

Securian Asset Management Inc. decreased its position in shares of Xcel Energy Inc. (NASDAQ:XEL) by 0.9% during the second quarter, according to its most recent filing with the SEC. The firm owned 30,069 shares of the company’s stock after selling 263 shares during the period. Securian Asset Management Inc.’s holdings in Xcel Energy were worth $2,048,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. DekaBank Deutsche Girozentrale grew its holdings in shares of Xcel Energy by 0.5% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 93,013 shares of the company’s stock worth $6,306,000 after acquiring an additional 442 shares during the period. Townsend & Associates Inc grew its holdings in shares of Xcel Energy by 38.0% during the 2nd quarter. Townsend & Associates Inc now owns 8,486 shares of the company’s stock worth $617,000 after acquiring an additional 2,338 shares during the period. Sentry Investment Management LLC purchased a new position in shares of Xcel Energy during the 2nd quarter worth approximately $117,000. Forvis Mazars Wealth Advisors LLC grew its holdings in shares of Xcel Energy by 1.5% during the 2nd quarter. Forvis Mazars Wealth Advisors LLC now owns 14,962 shares of the company’s stock worth $1,019,000 after acquiring an additional 219 shares during the period. Finally, International Assets Investment Management LLC grew its holdings in shares of Xcel Energy by 6.0% during the 2nd quarter. International Assets Investment Management LLC now owns 7,209 shares of the company’s stock worth $491,000 after acquiring an additional 407 shares during the period. Hedge funds and other institutional investors own 78.38% of the company’s stock.

Analysts Set New Price Targets

XEL has been the topic of a number of research analyst reports. Mizuho set a $83.00 target price on Xcel Energy in a report on Thursday, September 25th. KeyCorp boosted their price target on Xcel Energy from $79.00 to $85.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 15th. BTIG Research began coverage on Xcel Energy in a research report on Tuesday. They issued a “buy” rating and a $96.00 price target on the stock. TD Cowen began coverage on Xcel Energy in a research report on Thursday, October 16th. They issued a “buy” rating and a $93.00 price target on the stock. Finally, Morgan Stanley set a $86.00 price target on Xcel Energy and gave the stock an “outperform” rating in a research report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $86.23.

Xcel Energy Stock Performance

XEL stock opened at $80.69 on Thursday. The stock has a market capitalization of $47.72 billion, a PE ratio of 22.35, a price-to-earnings-growth ratio of 2.84 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. The company has a current ratio of 0.96, a quick ratio of 0.85 and a debt-to-equity ratio of 1.48. The stock’s 50 day simple moving average is $75.89 and its 200 day simple moving average is $71.90.

Xcel Energy (NASDAQ:XEL) last released 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 for the quarter, compared to analysts’ expectations of $3.31 billion. Xcel Energy had a return on equity of 10.52% and a net margin of 14.85%.The firm’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.54 EPS. Xcel Energy has set its FY 2025 guidance at 3.750-3.850 EPS. As a group, research analysts forecast that Xcel Energy Inc. will post 3.82 earnings per share for the current fiscal year.

Xcel Energy Dividend Announcement

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