Berger Financial Group Inc Cuts Position in Xcel Energy Inc. $XEL

Berger Financial Group Inc lowered its stake in Xcel Energy Inc. (NASDAQ:XEL) by 0.8% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 36,447 shares of the company’s stock after selling 283 shares during the period. Berger Financial Group Inc’s holdings in Xcel Energy were worth $2,482,000 as of its most recent filing with the Securities & Exchange Commission.

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

Xcel Energy Stock Performance

XEL stock opened at $80.26 on Friday. The firm has a 50-day simple moving average of $73.77 and a two-hundred day simple moving average of $70.88. 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 Inc. has a one year low of $62.12 and a one year high of $81.15. The firm has a market cap of $47.47 billion, a price-to-earnings ratio of 22.23, a PEG ratio of 2.70 and a beta of 0.37.

Xcel Energy (NASDAQ:XEL) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.75 EPS 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 during the quarter, compared to analyst estimates of $3.31 billion. During the same quarter in the prior year, the business posted $0.54 EPS. The business’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, equities 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 issued a $0.57 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.8%. Xcel Energy’s dividend payout ratio (DPR) is currently 63.16%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on XEL shares. BMO Capital Markets set a $84.00 price objective on shares of Xcel Energy in a research report on Thursday, September 25th. Weiss Ratings restated a “hold (c+)” rating on shares of Xcel Energy in a research report on Saturday, September 27th. UBS Group set a $82.00 target price on shares of Xcel Energy in a report on Thursday, September 25th. Mizuho set a $83.00 price objective on Xcel Energy in a report on Thursday, September 25th. Finally, Barclays upped their target price 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. Nine research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $80.36.

About Xcel Energy

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.