Xcel Energy Inc. $XEL Shares Sold by Cidel Asset Management Inc.

Cidel Asset Management Inc. lowered its holdings in Xcel Energy Inc. (NASDAQ:XEL) by 8.6% in the second quarter, Holdings Channel.com reports. The fund owned 3,991 shares of the company’s stock after selling 375 shares during the quarter. Cidel Asset Management Inc.’s holdings in Xcel Energy were worth $272,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. LCM Capital Management Inc lifted its holdings in Xcel Energy by 4.3% in the second quarter. LCM Capital Management Inc now owns 3,572 shares of the company’s stock valued at $243,000 after acquiring an additional 147 shares during the period. Blair William & Co. IL lifted its holdings in Xcel Energy by 0.4% in the second quarter. Blair William & Co. IL now owns 38,183 shares of the company’s stock valued at $2,600,000 after acquiring an additional 151 shares during the period. LRI Investments LLC lifted its holdings in Xcel Energy by 8.7% in the second quarter. LRI Investments LLC now owns 2,068 shares of the company’s stock valued at $141,000 after acquiring an additional 165 shares during the period. Conning Inc. lifted its holdings in Xcel Energy by 4.1% in the first quarter. Conning Inc. now owns 4,400 shares of the company’s stock valued at $311,000 after acquiring an additional 172 shares during the period. Finally, Mutual Advisors LLC lifted its holdings in Xcel Energy by 5.8% in the second quarter. Mutual Advisors LLC now owns 3,114 shares of the company’s stock valued at $226,000 after acquiring an additional 172 shares during the period. Institutional investors and hedge funds own 78.38% of the company’s stock.

Xcel Energy Trading Up 0.1%

Xcel Energy stock opened at $81.28 on Tuesday. The stock has a market cap of $48.07 billion, a PE ratio of 22.52, a P/E/G ratio of 2.86 and a beta of 0.37. The stock has a 50-day moving average price of $75.57 and a 200 day moving average price of $71.78. Xcel Energy Inc. has a 52 week low of $62.58 and a 52 week 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.

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

Xcel Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 20th. Investors of record on Monday, September 15th were given 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 was Monday, September 15th. Xcel Energy’s dividend payout ratio (DPR) is currently 63.16%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Xcel Energy in a research note on Wednesday, October 8th. BMO Capital Markets lifted their price target on Xcel Energy from $84.00 to $87.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 15th. Morgan Stanley cut their price target on Xcel Energy from $81.00 to $80.00 and set an “equal weight” rating for the company in a research note on Thursday, September 25th. Barclays lifted their price target on Xcel Energy from $72.00 to $81.00 and gave the stock an “overweight” rating in a research note on Monday, September 29th. Finally, Jefferies Financial Group lifted their price target on Xcel Energy from $84.00 to $92.00 and gave the stock a “buy” rating in a research note on Thursday. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $84.92.

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.