Xcel Energy Inc. $XEL Shares Sold by Dorsey & Whitney Trust CO LLC

Dorsey & Whitney Trust CO LLC reduced its position in shares of Xcel Energy Inc. (NASDAQ:XEL) by 2.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,883 shares of the company’s stock after selling 347 shares during the period. Dorsey & Whitney Trust CO LLC’s holdings in Xcel Energy were worth $983,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Xcel Energy by 18.3% during the 1st 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. acquired a new stake in shares of Xcel Energy during the 1st quarter worth about $2,735,000. J.W. Cole Advisors Inc. acquired a new stake in shares of Xcel Energy during the 1st quarter worth about $905,000. Financial Gravity Asset Management Inc. acquired a new stake in shares of Xcel Energy during the 1st quarter worth about $329,000. Finally, Pinnacle Financial Partners Inc purchased a new position in shares of Xcel Energy during the 1st quarter worth about $267,000. 78.38% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently weighed in on XEL. Evercore ISI increased their price objective on shares of Xcel Energy from $74.00 to $77.00 and gave the stock an “outperform” rating in a report on Monday, April 28th. Wall Street Zen lowered shares of Xcel Energy from a “hold” rating to a “sell” rating in a report on Tuesday, May 20th. Mizuho increased their price objective on shares of Xcel Energy from $74.00 to $78.00 and gave the stock an “outperform” rating in a report on Friday, August 1st. Wells Fargo & Company set a $78.00 price objective on shares of Xcel Energy and gave the stock an “overweight” rating in a report on Friday, April 25th. Finally, Morgan Stanley cut their price objective on shares of Xcel Energy from $78.00 to $77.00 and set an “equal weight” rating on the stock in a report on Wednesday, June 18th. Eight analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Xcel Energy has an average rating of “Moderate Buy” and an average target price of $76.00.

Xcel Energy Stock Performance

Shares of XEL stock opened at $73.16 on Friday. The company’s fifty day simple moving average is $70.27 and its 200-day simple moving average is $69.74. Xcel Energy Inc. has a 52 week low of $59.63 and a 52 week high of $74.57. 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 company has a market cap of $43.27 billion, a PE ratio of 20.27, a P/E/G ratio of 2.46 and a beta of 0.34.

Xcel Energy (NASDAQ:XEL) last issued its earnings results on Thursday, July 31st. The company reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.66 by $0.09. Xcel Energy had a net margin of 14.85% and a return on equity of 10.52%. The business had revenue of $3.29 billion for the quarter, compared to the consensus estimate of $3.31 billion. During the same quarter last year, the firm 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. As a group, equities research analysts anticipate that Xcel Energy Inc. will post 3.82 EPS for the current year.

Xcel Energy Announces Dividend

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 paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend is Monday, September 15th. Xcel Energy’s dividend payout ratio (DPR) 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.