Access Financial Services Inc. Has $389,000 Position in Xcel Energy Inc. $XEL

Access Financial Services Inc. lowered its stake in shares of Xcel Energy Inc. (NASDAQ:XEL) by 3.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,719 shares of the company’s stock after selling 219 shares during the period. Access Financial Services Inc.’s holdings in Xcel Energy were worth $389,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Elwood & Goetz Wealth Advisory Group LLC acquired a new position in Xcel Energy during the 2nd quarter worth approximately $241,000. Capital Investment Advisors LLC raised its position in shares of Xcel Energy by 10.8% during the second quarter. Capital Investment Advisors LLC now owns 5,204 shares of the company’s stock worth $354,000 after purchasing an additional 508 shares during the period. Raleigh Capital Management Inc. raised its position in shares of Xcel Energy by 3.5% during the second quarter. Raleigh Capital Management Inc. now owns 25,975 shares of the company’s stock worth $1,769,000 after purchasing an additional 879 shares during the period. Janney Montgomery Scott LLC raised its position in shares of Xcel Energy by 7.4% during the second quarter. Janney Montgomery Scott LLC now owns 147,615 shares of the company’s stock worth $10,053,000 after purchasing an additional 10,164 shares during the period. Finally, GC Wealth Management RIA LLC acquired a new position in shares of Xcel Energy during the second quarter worth approximately $243,000. Institutional investors and hedge funds own 78.38% of the company’s stock.

Xcel Energy Price Performance

Shares of NASDAQ:XEL opened at $80.31 on Thursday. The company’s fifty day moving average price is $73.48 and its 200-day moving average price is $70.74. 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 firm has a market capitalization of $47.50 billion, a price-to-earnings ratio of 22.25, a PEG ratio of 2.72 and a beta of 0.37. Xcel Energy Inc. has a one year low of $62.12 and a one year high of $81.15.

Xcel Energy (NASDAQ:XEL) last announced its earnings results on Thursday, July 31st. The company reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analyst estimates of $3.31 billion. During the same period in the previous year, the business earned $0.54 earnings per share. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. Xcel Energy has set its FY 2025 guidance at 3.750-3.850 EPS. On average, equities research analysts anticipate that Xcel Energy Inc. will post 3.82 earnings per share for the current fiscal year.

Xcel Energy Dividend Announcement

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

Analyst Ratings Changes

Several research analysts have weighed in on XEL shares. UBS Group set a $82.00 price objective on shares of Xcel Energy in a report on Thursday, September 25th. BMO Capital Markets set a $84.00 price objective on Xcel Energy in a research note on Thursday, September 25th. Bank of America increased their price objective on Xcel Energy from $78.00 to $84.00 and gave the stock a “buy” rating in a research note on Thursday, September 25th. Barclays increased their price target on Xcel Energy from $72.00 to $81.00 and gave the company an “overweight” rating in a research report on Monday. Finally, Mizuho set a $83.00 price target on Xcel Energy in a research report on Thursday, September 25th. Nine analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $80.36.

Xcel Energy Company 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.