Alley Investment Management Company LLC Has $319,000 Position in Xcel Energy Inc. $XEL

Alley Investment Management Company LLC lowered its holdings in Xcel Energy Inc. (NASDAQ:XEL) by 8.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,690 shares of the company’s stock after selling 407 shares during the quarter. Alley Investment Management Company LLC’s holdings in Xcel Energy were worth $319,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of XEL. Brighton Jones LLC acquired a new position in Xcel Energy in the fourth quarter worth $240,000. Versant Capital Management Inc lifted its stake in shares of Xcel Energy by 130.8% during the first quarter. Versant Capital Management Inc now owns 2,006 shares of the company’s stock valued at $142,000 after acquiring an additional 1,137 shares during the period. Fifth Third Wealth Advisors LLC lifted its stake in shares of Xcel Energy by 7.3% during the first quarter. Fifth Third Wealth Advisors LLC now owns 4,159 shares of the company’s stock valued at $294,000 after acquiring an additional 283 shares during the period. Rhumbline Advisers lifted its stake in shares of Xcel Energy by 4.8% during the first quarter. Rhumbline Advisers now owns 1,023,374 shares of the company’s stock valued at $72,445,000 after acquiring an additional 47,230 shares during the period. Finally, Czech National Bank lifted its stake in shares of Xcel Energy by 5.9% during the first quarter. Czech National Bank now owns 131,894 shares of the company’s stock valued at $9,337,000 after acquiring an additional 7,387 shares during the period. Institutional investors and hedge funds own 78.38% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on XEL shares. BMO Capital Markets set a $84.00 price target on Xcel Energy in a research note on Thursday, September 25th. Morgan Stanley cut their price target on 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. Mizuho set a $83.00 price target on Xcel Energy in a research note on Thursday, September 25th. UBS Group set a $82.00 price target on Xcel Energy in a research note on Thursday, September 25th. Finally, Barclays upped their price target on Xcel Energy from $72.00 to $81.00 and gave the company an “overweight” rating in a research note on Monday. Nine analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $80.36.

Xcel Energy Trading Up 0.7%

NASDAQ:XEL opened at $80.65 on Wednesday. Xcel Energy Inc. has a 1-year low of $62.12 and a 1-year high of $80.96. The business’s 50-day moving average price is $73.32 and its two-hundred day moving average price is $70.68. The company has a current ratio of 0.96, a quick ratio of 0.85 and a debt-to-equity ratio of 1.48. The firm has a market capitalization of $47.70 billion, a price-to-earnings ratio of 22.34, a PEG ratio of 2.70 and a beta of 0.35.

Xcel Energy (NASDAQ:XEL) last released its earnings results on Thursday, July 31st. The company reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.09. Xcel Energy had a return on equity of 10.52% and a net margin of 14.85%.The firm had revenue of $3.29 billion for the quarter, compared to analyst estimates of $3.31 billion. During the same quarter in the prior year, the firm posted $0.54 earnings per share. The company’s quarterly revenue was up 8.6% on a year-over-year basis. Xcel Energy has set its FY 2025 guidance at 3.750-3.850 EPS. On average, equities analysts expect that Xcel Energy Inc. will post 3.82 earnings per share for the current year.

Xcel Energy Announces Dividend

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 issued a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Monday, September 15th. Xcel Energy’s dividend payout ratio is 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.