Mutual of America Capital Management LLC Sells 638 Shares of Xcel Energy Inc. $XEL

Mutual of America Capital Management LLC decreased its position in Xcel Energy Inc. (NASDAQ:XEL) by 1.0% during the second quarter, Holdings Channel reports. The fund owned 66,131 shares of the company’s stock after selling 638 shares during the period. Mutual of America Capital Management LLC’s holdings in Xcel Energy were worth $4,504,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Accent Capital Management LLC bought a new position in Xcel Energy in the first quarter valued at about $29,000. BankPlus Trust Department bought a new position in shares of Xcel Energy in the 1st quarter worth approximately $34,000. Rise Advisors LLC lifted its stake in shares of Xcel Energy by 62.9% in the 2nd quarter. Rise Advisors LLC now owns 518 shares of the company’s stock worth $35,000 after purchasing an additional 200 shares during the period. Marshall & Sullivan Inc. WA bought a new position in shares of Xcel Energy in the 2nd quarter worth approximately $44,000. Finally, RMG Wealth Management LLC bought a new position in Xcel Energy in the second quarter worth approximately $46,000. Institutional investors own 78.38% of the company’s stock.

Wall Street Analysts Forecast Growth

XEL has been the topic of several recent research reports. Bank of America increased their price target on shares of Xcel Energy from $78.00 to $84.00 and gave the stock a “buy” rating in a research report on Thursday, September 25th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Xcel Energy in a research note on Wednesday, October 8th. BTIG Research initiated coverage on Xcel Energy in a research note on Tuesday. They issued a “buy” rating and a $96.00 price objective on the stock. Morgan Stanley set a $86.00 price objective on Xcel Energy and gave the stock an “outperform” rating in a research note on Wednesday. Finally, Barclays raised 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. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Xcel Energy has an average rating of “Moderate Buy” and a consensus price target of $86.23.

Xcel Energy Trading Up 0.1%

Xcel Energy stock opened at $80.69 on Thursday. The stock has a market cap of $47.72 billion, a P/E ratio of 22.35, a PEG ratio of 2.84 and a beta of 0.37. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.96 and a quick ratio of 0.85. Xcel Energy Inc. has a 1 year low of $62.58 and a 1 year high of $83.01. The firm’s 50 day moving average price is $75.89 and its 200-day moving average price is $71.90.

Xcel Energy (NASDAQ:XEL) last announced its quarterly 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. The company had revenue of $3.29 billion for the quarter, compared to the consensus estimate of $3.31 billion. Xcel Energy had a net margin of 14.85% and a return on equity of 10.52%. Xcel Energy’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.54 EPS. Xcel Energy has set its FY 2025 guidance at 3.750-3.850 EPS. On average, equities analysts predict that Xcel Energy Inc. will post 3.82 earnings per share for the current fiscal year.

Xcel Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, October 20th. Stockholders of record on Monday, September 15th were issued a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend was Monday, September 15th. Xcel Energy’s 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.