Stratos Wealth Partners LTD. Lowers Stock Holdings in Xcel Energy Inc. $XEL

Stratos Wealth Partners LTD. trimmed its holdings in shares of Xcel Energy Inc. (NASDAQ:XEL) by 5.8% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 5,741 shares of the company’s stock after selling 356 shares during the period. Stratos Wealth Partners LTD.’s holdings in Xcel Energy were worth $391,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in XEL. Price T Rowe Associates Inc. MD lifted its holdings in shares of Xcel Energy by 31.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 25,809,978 shares of the company’s stock valued at $1,827,090,000 after purchasing an additional 6,109,190 shares during the last quarter. Nuveen LLC purchased a new position in Xcel Energy in the 1st quarter worth approximately $155,510,000. JPMorgan Chase & Co. raised its holdings in Xcel Energy by 7.9% in the 1st quarter. JPMorgan Chase & Co. now owns 20,811,241 shares of the company’s stock worth $1,473,228,000 after acquiring an additional 1,520,092 shares during the last quarter. Vanguard Group Inc. raised its holdings in Xcel Energy by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 74,818,158 shares of the company’s stock worth $5,296,377,000 after acquiring an additional 986,170 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its holdings in Xcel Energy by 5,894.2% in the 2nd quarter. Assenagon Asset Management S.A. now owns 998,507 shares of the company’s stock worth $67,998,000 after acquiring an additional 981,849 shares during the last quarter. 78.38% of the stock is currently owned by hedge funds and other institutional investors.

Xcel Energy Price Performance

Shares of XEL opened at $80.39 on Friday. The firm has a market cap of $47.55 billion, a PE ratio of 22.27, a P/E/G ratio of 2.84 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. The firm has a fifty day simple moving average of $76.22 and a two-hundred day simple moving average of $72.08. Xcel Energy Inc. has a 1-year low of $62.58 and a 1-year high of $83.01.

Xcel Energy (NASDAQ:XEL) last announced its earnings results on Thursday, July 31st. The company reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates 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 company’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.54 EPS. Xcel Energy has set its FY 2025 guidance at 3.750-3.850 EPS. On average, equities analysts anticipate that Xcel Energy Inc. will post 3.82 EPS for the current year.

Xcel Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 20th. Stockholders of record on Monday, September 15th were given a dividend of $0.57 per share. The ex-dividend date of this dividend was Monday, September 15th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.8%. Xcel Energy’s payout ratio is presently 63.16%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on XEL. Mizuho set a $83.00 price objective on shares of Xcel Energy in a report on Thursday, September 25th. Cowen began coverage on shares of Xcel Energy in a report on Wednesday, October 15th. They issued a “buy” rating for the company. UBS Group boosted their price objective on shares of Xcel Energy from $82.00 to $84.00 and gave the stock a “neutral” rating in a report on Friday, October 10th. TD Cowen began coverage on shares of Xcel Energy in a report on Thursday, October 16th. They issued a “buy” rating and a $93.00 price objective for the company. Finally, Weiss Ratings upgraded shares of Xcel Energy from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Xcel Energy presently has a consensus rating of “Buy” and an average target price of $86.23.

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.