Cwm LLC Trims Stock Holdings in Xcel Energy Inc. $XEL

Cwm LLC reduced its stake in Xcel Energy Inc. (NASDAQ:XEL) by 1.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 69,418 shares of the company’s stock after selling 1,321 shares during the period. Cwm LLC’s holdings in Xcel Energy were worth $4,727,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC raised its holdings in Xcel Energy by 18.3% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 472,344 shares of the company’s stock valued at $33,437,000 after buying an additional 73,036 shares during the period. Navellier & Associates Inc. purchased a new stake in Xcel Energy during the first quarter worth about $2,735,000. J.W. Cole Advisors Inc. purchased a new stake in Xcel Energy during the first quarter worth about $905,000. Financial Gravity Asset Management Inc. purchased a new stake in Xcel Energy during the first quarter worth about $329,000. Finally, Pinnacle Financial Partners Inc purchased a new stake in Xcel Energy during the first quarter worth about $267,000. 78.38% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on XEL. Evercore ISI began coverage on shares of Xcel Energy in a research note on Monday, October 6th. They set an “outperform” rating and a $92.00 price target on the stock. Mizuho set a $83.00 price target on shares of Xcel Energy 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, September 29th. Bank of America boosted their price target on shares of Xcel Energy from $78.00 to $84.00 and gave the stock a “buy” rating in a research note on Thursday, September 25th. Finally, TD Cowen began coverage on shares of Xcel Energy in a research note on Thursday. They set a “buy” rating and a $93.00 price target on the stock. Eleven research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $84.92.

Xcel Energy Stock Performance

Shares of Xcel Energy stock opened at $81.10 on Friday. Xcel Energy Inc. has a one year low of $62.58 and a one year high of $83.01. The company has a market cap of $47.96 billion, a PE ratio of 22.47, a P/E/G ratio of 2.89 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. The business has a 50-day simple moving average of $75.24 and a 200-day simple moving average of $71.61.

Xcel Energy (NASDAQ:XEL) last announced 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. 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 during the quarter, compared to the consensus estimate of $3.31 billion. During the same period in the previous year, the company posted $0.54 earnings per share. The business’s revenue for the quarter 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 research analysts forecast that Xcel Energy Inc. will post 3.82 EPS for the current fiscal year.

Xcel Energy Dividend Announcement

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