Allspring Global Investments Holdings LLC Sells 4,894 Shares of Xcel Energy Inc. $XEL

Allspring Global Investments Holdings LLC decreased its position in Xcel Energy Inc. (NASDAQ:XEL) by 3.2% during the 2nd quarter, Holdings Channel.com reports. The fund owned 148,257 shares of the company’s stock after selling 4,894 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Xcel Energy were worth $10,187,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. LCM Capital Management Inc boosted its holdings in Xcel Energy by 4.3% during the second quarter. LCM Capital Management Inc now owns 3,572 shares of the company’s stock worth $243,000 after buying an additional 147 shares during the last quarter. Blair William & Co. IL boosted its holdings in Xcel Energy by 0.4% during the second quarter. Blair William & Co. IL now owns 38,183 shares of the company’s stock worth $2,600,000 after buying an additional 151 shares during the last quarter. LRI Investments LLC boosted its holdings in Xcel Energy by 8.7% during the second quarter. LRI Investments LLC now owns 2,068 shares of the company’s stock worth $141,000 after buying an additional 165 shares during the last quarter. Conning Inc. boosted its holdings in Xcel Energy by 4.1% during the first quarter. Conning Inc. now owns 4,400 shares of the company’s stock worth $311,000 after buying an additional 172 shares during the last quarter. Finally, First Horizon Advisors Inc. boosted its holdings in Xcel Energy by 3.1% during the first quarter. First Horizon Advisors Inc. now owns 5,998 shares of the company’s stock worth $425,000 after buying an additional 183 shares during the last quarter. Institutional investors own 78.38% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. UBS Group raised their target price on Xcel Energy from $82.00 to $84.00 and gave the stock a “neutral” rating in a report on Friday, October 10th. Bank of America raised their target price on Xcel Energy from $78.00 to $84.00 and gave the stock a “buy” rating in a report on Thursday, September 25th. Cowen initiated coverage on Xcel Energy in a report on Wednesday. They set a “buy” rating on the stock. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Xcel Energy in a research report on Wednesday, October 8th. Finally, Barclays raised their price target on Xcel Energy from $72.00 to $81.00 and gave the stock an “overweight” rating in a research report on Monday, September 29th. One research 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 stock. According to data from MarketBeat, Xcel Energy has a consensus rating of “Moderate Buy” and a consensus target price of $84.92.

Xcel Energy Stock Up 0.1%

Shares of Xcel Energy stock opened at $81.16 on Friday. The business’s 50 day simple moving average is $75.40 and its 200 day simple moving average is $71.69. Xcel Energy Inc. has a 52-week low of $62.58 and a 52-week high of $83.01. The firm has a market cap of $48.00 billion, a PE ratio of 22.48, a P/E/G ratio of 2.86 and a beta of 0.37. 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 (NASDAQ:XEL) last announced its 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. Xcel Energy had a return on equity of 10.52% and a net margin of 14.85%.The business had revenue of $3.29 billion for the quarter, compared to analyst estimates of $3.31 billion. During the same quarter last year, the firm earned $0.54 EPS. Xcel Energy’s revenue for the quarter 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, analysts predict that Xcel Energy Inc. will post 3.82 earnings per share 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 given a $0.57 dividend. 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 currently 63.16%.

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.