Xcel Energy Inc. $XEL Shares Purchased by Segment Wealth Management LLC

Segment Wealth Management LLC raised its position in shares of Xcel Energy Inc. (NASDAQ:XEL) by 40.8% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,066 shares of the company’s stock after buying an additional 1,759 shares during the quarter. Segment Wealth Management LLC’s holdings in Xcel Energy were worth $413,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of XEL. Accent Capital Management LLC bought a new position in shares of Xcel Energy during the first quarter valued at approximately $29,000. BankPlus Trust Department bought a new position in shares of Xcel Energy during the first quarter valued at approximately $34,000. Rise Advisors LLC grew its holdings in shares of Xcel Energy by 62.9% during the second quarter. Rise Advisors LLC now owns 518 shares of the company’s stock valued at $35,000 after purchasing an additional 200 shares during the last quarter. Marshall & Sullivan Inc. WA bought a new position in shares of Xcel Energy during the second quarter valued at approximately $44,000. Finally, Rossby Financial LCC bought a new position in shares of Xcel Energy during the first quarter valued at approximately $50,000. Institutional investors and hedge funds own 78.38% of the company’s stock.

Xcel Energy Stock Up 0.8%

XEL opened at $80.26 on Friday. Xcel Energy Inc. has a 12 month low of $62.12 and a 12 month high of $81.15. 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 cap of $47.47 billion, a P/E ratio of 22.23, a P/E/G ratio of 2.70 and a beta of 0.37. The stock’s 50 day moving average price is $73.77 and its 200 day moving average price is $70.88.

Xcel Energy (NASDAQ:XEL) last issued its quarterly earnings results on Thursday, July 31st. The company reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.66 by $0.09. The firm had revenue of $3.29 billion during the quarter, compared to analyst estimates 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 last year, the company posted $0.54 EPS. Xcel Energy has set its FY 2025 guidance at 3.750-3.850 EPS. As a group, research analysts predict that Xcel Energy Inc. will post 3.82 earnings per share for the current year.

Xcel Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, October 20th. Shareholders 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 yield of 2.8%. The ex-dividend date of this dividend is Monday, September 15th. Xcel Energy’s dividend payout ratio (DPR) is presently 63.16%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on XEL shares. Bank of America upped their target price on Xcel Energy from $78.00 to $84.00 and gave the company a “buy” rating in a report on Thursday, September 25th. Barclays upped their target price on Xcel Energy from $72.00 to $81.00 and gave the company an “overweight” rating in a report on Monday, September 29th. BMO Capital Markets set a $84.00 target price on Xcel Energy in a report on Thursday, September 25th. Weiss Ratings reissued a “hold (c+)” rating on shares of Xcel Energy in a report on Saturday, September 27th. Finally, UBS Group set a $82.00 target price on Xcel Energy in a research report on Thursday, September 25th. Nine investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $80.36.

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.