3,034 Shares in Xcel Energy Inc. $XEL Acquired by Petros Family Wealth LLC

Petros Family Wealth LLC purchased a new position in shares of Xcel Energy Inc. (NASDAQ:XEL) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 3,034 shares of the company’s stock, valued at approximately $207,000.

Several other institutional investors also recently made changes to their positions in the stock. Accent Capital Management LLC purchased a new stake in Xcel Energy during the first quarter valued at about $29,000. BankPlus Trust Department purchased a new position in shares of Xcel Energy in the 1st quarter worth about $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 valued at $35,000 after purchasing an additional 200 shares in the last quarter. Marshall & Sullivan Inc. WA purchased a new stake in shares of Xcel Energy during the 2nd quarter worth about $44,000. Finally, Rossby Financial LCC purchased a new stake in shares of Xcel Energy during the 1st quarter worth about $50,000. 78.38% of the stock is owned by hedge funds and other institutional investors.

Xcel Energy Stock Up 0.8%

XEL stock opened at $80.26 on Monday. The company has a market capitalization of $47.47 billion, a price-to-earnings ratio of 22.23, a price-to-earnings-growth ratio of 2.70 and a beta of 0.37. The company has a current ratio of 0.96, a quick ratio of 0.85 and a debt-to-equity ratio of 1.48. Xcel Energy Inc. has a 52 week low of $62.12 and a 52 week high of $81.15. The firm’s 50-day moving average is $73.77 and its two-hundred day moving average is $70.89.

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

Xcel Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 20th. Investors 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 yield of 2.8%. The ex-dividend date of this dividend is Monday, September 15th. Xcel Energy’s dividend payout ratio (DPR) is presently 63.16%.

Analysts Set New Price Targets

XEL has been the topic of several research reports. Mizuho set a $83.00 price target on shares of Xcel Energy in a report on Thursday, September 25th. UBS Group set a $82.00 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 report on Saturday, September 27th. Barclays upped their price target on shares of Xcel Energy from $72.00 to $81.00 and gave the stock an “overweight” rating in a research report on Monday, September 29th. Finally, BMO Capital Markets set a $84.00 price objective on Xcel Energy in a research report on Thursday, September 25th. Nine research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average 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.