Xcel Energy Inc. $XEL Shares Purchased by LRI Investments LLC

LRI Investments LLC raised its stake in shares of Xcel Energy Inc. (NASDAQ:XEL) by 8.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,068 shares of the company’s stock after buying an additional 165 shares during the period. LRI Investments LLC’s holdings in Xcel Energy were worth $141,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Accent Capital Management LLC bought a new position in shares of Xcel Energy during the 1st quarter valued at about $29,000. BankPlus Trust Department bought a new position in shares of Xcel Energy during the 1st quarter valued at about $34,000. Rise Advisors LLC boosted its position in shares of Xcel Energy by 62.9% during 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 bought a new position in shares of Xcel Energy during the 2nd quarter valued at about $44,000. Finally, RMG Wealth Management LLC bought a new position in shares of Xcel Energy during the 2nd quarter valued at about $46,000. Institutional investors own 78.38% of the company’s stock.

Xcel Energy Stock Performance

XEL stock opened at $80.93 on Monday. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.85 and a current ratio of 0.96. The stock has a market cap of $47.86 billion, a P/E ratio of 22.42, a P/E/G ratio of 2.72 and a beta of 0.37. The firm has a 50 day simple moving average of $74.65 and a 200 day simple moving average of $71.33. Xcel Energy Inc. has a 52 week low of $62.12 and a 52 week high of $82.54.

Xcel Energy (NASDAQ:XEL) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.75 EPS for the quarter, topping the consensus estimate of $0.66 by $0.09. The business had revenue of $3.29 billion during 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 firm’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same period last year, the company posted $0.54 earnings per share. Xcel Energy has set its FY 2025 guidance at 3.750-3.850 EPS. Research analysts anticipate that Xcel Energy Inc. will post 3.82 earnings per share for the current fiscal year.

Xcel Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, October 20th. Investors of record on Monday, September 15th will be issued a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Monday, September 15th. Xcel Energy’s dividend payout ratio (DPR) is currently 63.16%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. BMO Capital Markets set a $84.00 price objective on shares of Xcel Energy in a research report on Thursday, September 25th. Morgan Stanley reduced their price objective on shares of Xcel Energy from $81.00 to $80.00 and set an “equal weight” rating for the company in a research report on Thursday, September 25th. 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 report on Monday, September 29th. UBS Group raised their target price on shares of Xcel Energy from $82.00 to $84.00 and gave the stock a “neutral” rating in a report on Friday. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Xcel Energy in a report on Wednesday, October 8th. Nine research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $81.91.

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.