Xcel Energy Inc. $XEL Shares Purchased by LCM Capital Management Inc

LCM Capital Management Inc raised its stake in shares of Xcel Energy Inc. (NASDAQ:XEL) by 4.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,572 shares of the company’s stock after buying an additional 147 shares during the quarter. LCM Capital Management Inc’s holdings in Xcel Energy were worth $243,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the business. Conning Inc. boosted its holdings in shares of Xcel Energy by 4.1% during the first quarter. Conning Inc. now owns 4,400 shares of the company’s stock worth $311,000 after purchasing an additional 172 shares during the last quarter. Redhawk Wealth Advisors Inc. boosted its holdings in shares of Xcel Energy by 4.3% during the first quarter. Redhawk Wealth Advisors Inc. now owns 4,406 shares of the company’s stock worth $312,000 after purchasing an additional 182 shares during the last quarter. First Horizon Advisors Inc. boosted its holdings in shares of Xcel Energy by 3.1% during the first quarter. First Horizon Advisors Inc. now owns 5,998 shares of the company’s stock worth $425,000 after purchasing an additional 183 shares during the last quarter. First National Advisers LLC boosted its holdings in shares of Xcel Energy by 0.5% during the first quarter. First National Advisers LLC now owns 33,930 shares of the company’s stock worth $2,401,000 after purchasing an additional 183 shares during the last quarter. Finally, Moody National Bank Trust Division boosted its holdings in shares of Xcel Energy by 3.5% during the second quarter. Moody National Bank Trust Division now owns 5,388 shares of the company’s stock worth $367,000 after purchasing an additional 184 shares during the last quarter. Institutional investors and hedge funds own 78.38% of the company’s stock.

Xcel Energy Stock Down 0.1%

Shares of Xcel Energy stock opened at $72.11 on Monday. The company has a quick ratio of 0.85, a current ratio of 0.96 and a debt-to-equity ratio of 1.48. The firm has a market cap of $42.65 billion, a P/E ratio of 19.98, a P/E/G ratio of 2.43 and a beta of 0.35. Xcel Energy Inc. has a fifty-two week low of $62.12 and a fifty-two week high of $74.57. The business has a 50-day moving average price of $72.34 and a 200 day moving average price of $70.28.

Xcel Energy (NASDAQ:XEL) last announced its quarterly earnings data on Thursday, July 31st. The company reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.09. The firm had revenue of $3.29 billion during the quarter, compared to analyst estimates of $3.31 billion. Xcel Energy had a return on equity of 10.52% and a net margin of 14.85%.Xcel Energy’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.54 earnings per share. Xcel Energy has set its FY 2025 guidance at 3.750-3.850 EPS. On average, sell-side analysts forecast that Xcel Energy Inc. will post 3.82 earnings per share for the current fiscal year.

Xcel Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 20th. Investors of record on Monday, September 15th will be issued a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend is Monday, September 15th. Xcel Energy’s payout ratio is currently 63.16%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Mizuho raised their price objective on Xcel Energy from $74.00 to $78.00 and gave the stock an “outperform” rating in a report on Friday, August 1st. Morgan Stanley reiterated an “outperform” rating on shares of Xcel Energy in a report on Thursday, August 21st. Eight analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $76.80.

Xcel Energy 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.