Riverview Trust Co Trims Stock Holdings in Xcel Energy Inc. $XEL

Riverview Trust Co reduced its stake in Xcel Energy Inc. (NASDAQ:XEL) by 14.8% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 1,988 shares of the company’s stock after selling 345 shares during the period. Riverview Trust Co’s holdings in Xcel Energy were worth $135,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Elwood & Goetz Wealth Advisory Group LLC purchased a new stake in Xcel Energy in the 2nd quarter valued at about $241,000. Capital Investment Advisors LLC increased its stake in 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. increased its stake in 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 increased its stake in 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 purchased a new stake in Xcel Energy during the second quarter worth about $243,000. 78.38% of the stock is currently owned by hedge funds and other institutional investors.

Xcel Energy Stock Down 0.4%

XEL stock opened at $80.31 on Thursday. The company’s 50 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 quick ratio of 0.85 and a current ratio of 0.96. Xcel Energy Inc. has a fifty-two week low of $62.12 and a fifty-two week high of $81.15. 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 (NASDAQ:XEL) last released its earnings results on Thursday, July 31st. The company reported $0.75 earnings per share 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 firm had revenue of $3.29 billion for the quarter, compared to analyst estimates of $3.31 billion. During the same period in the prior year, the firm earned $0.54 earnings per share. The business’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 EPS 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. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Monday, September 15th. Xcel Energy’s dividend payout ratio is presently 63.16%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on XEL. Morgan Stanley cut their price target on shares of Xcel Energy from $81.00 to $80.00 and set an “equal weight” rating on the stock in a research note on Thursday, September 25th. Barclays boosted their price target on shares of Xcel Energy from $72.00 to $81.00 and gave the stock an “overweight” rating in a research note on Monday. Mizuho set a $83.00 price target on shares of Xcel Energy in a research note on Thursday, September 25th. BMO Capital Markets set a $84.00 price target on shares of Xcel Energy in a research note on Thursday, September 25th. Finally, UBS Group set a $82.00 price target on shares of Xcel Energy in a research note on Thursday, September 25th. Nine investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target 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.