Rise Advisors LLC Purchases 200 Shares of Xcel Energy Inc. $XEL

Rise Advisors LLC increased its position in Xcel Energy Inc. (NASDAQ:XEL) by 62.9% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 518 shares of the company’s stock after buying an additional 200 shares during the period. Rise Advisors LLC’s holdings in Xcel Energy were worth $35,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Accent Capital Management LLC bought a new position in Xcel Energy in the 1st quarter worth $29,000. BankPlus Trust Department bought a new position in Xcel Energy in the 1st quarter worth $34,000. Rossby Financial LCC bought a new position in Xcel Energy in the 1st quarter worth $50,000. Ransom Advisory Ltd bought a new position in Xcel Energy in the 1st quarter worth $50,000. Finally, Alpine Bank Wealth Management bought a new position in Xcel Energy in the 1st quarter worth $53,000. Institutional investors own 78.38% of the company’s stock.

Xcel Energy Stock Up 0.7%

Shares of NASDAQ XEL opened at $73.35 on Monday. The firm’s 50-day moving average price is $71.92 and its 200-day moving average price is $70.20. 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 stock has a market capitalization of $43.38 billion, a price-to-earnings ratio of 20.32, a P/E/G ratio of 2.47 and a beta of 0.35. Xcel Energy Inc. has a 12-month low of $62.12 and a 12-month high of $74.57.

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 the consensus estimate of $0.66 by $0.09. The firm had revenue of $3.29 billion for the quarter, compared to analysts’ expectations of $3.31 billion. Xcel Energy had a net margin of 14.85% and a return on equity of 10.52%. The business’s revenue was up 8.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.54 EPS. Xcel Energy has set its FY 2025 guidance at 3.750-3.850 EPS. On average, equities research analysts anticipate that Xcel Energy Inc. will post 3.82 EPS for the current fiscal year.

Xcel Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 20th. Stockholders of record on Monday, September 15th will be given a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 3.1%. The ex-dividend date is Monday, September 15th. Xcel Energy’s dividend payout ratio is currently 63.16%.

Analyst Ratings Changes

Several analysts have commented on XEL shares. Morgan Stanley reiterated an “outperform” rating on shares of Xcel Energy in a research note on Thursday, August 21st. Wall Street Zen cut shares of Xcel Energy from a “hold” rating to a “sell” rating in a research note on Tuesday, May 20th. Finally, Mizuho boosted their price target on shares of Xcel Energy from $74.00 to $78.00 and gave the stock an “outperform” rating in a research note on Friday, August 1st. Eight analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, Xcel Energy presently has an average rating of “Moderate Buy” and an average target price of $76.80.

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.