Xcel Energy Inc. $XEL Shares Sold by Cidel Asset Management Inc.

Cidel Asset Management Inc. lowered its stake in shares of Xcel Energy Inc. (NASDAQ:XEL) by 8.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,991 shares of the company’s stock after selling 375 shares during the quarter. Cidel Asset Management Inc.’s holdings in Xcel Energy were worth $272,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Navellier & Associates Inc. acquired a new stake in Xcel Energy during the first quarter worth approximately $2,735,000. J.W. Cole Advisors Inc. acquired a new stake in Xcel Energy during the first quarter worth approximately $905,000. Financial Gravity Asset Management Inc. acquired a new stake in Xcel Energy during the first quarter worth approximately $329,000. Pinnacle Financial Partners Inc acquired a new stake in Xcel Energy during the first quarter worth approximately $267,000. Finally, Electron Capital Partners LLC grew its position in shares of Xcel Energy by 93.7% during the first quarter. Electron Capital Partners LLC now owns 1,921,636 shares of the company’s stock worth $136,033,000 after acquiring an additional 929,516 shares during the last quarter. Institutional investors and hedge funds own 78.38% of the company’s stock.

Xcel Energy Price Performance

Shares of NASDAQ XEL opened at $81.28 on Tuesday. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.96 and a quick ratio of 0.85. The stock has a fifty day moving average price of $75.57 and a 200 day moving average price of $71.78. Xcel Energy Inc. has a 1-year low of $62.58 and a 1-year high of $83.01. The company has a market cap of $48.07 billion, a PE ratio of 22.52, a P/E/G ratio of 2.86 and a beta of 0.37.

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

Xcel Energy Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on XEL shares. KeyCorp raised their target price on shares of Xcel Energy from $79.00 to $85.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 15th. Mizuho set a $83.00 target price on shares of Xcel Energy in a research report on Thursday, September 25th. Jefferies Financial Group raised their target price on shares of Xcel Energy from $84.00 to $92.00 and gave the stock a “buy” rating in a research report on Thursday. 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 research report on Friday, October 10th. Finally, 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 research report on Monday, September 29th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $84.92.

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.