Xcel Energy Inc. $XEL Stake Reduced by Venturi Wealth Management LLC

Venturi Wealth Management LLC reduced its stake in shares of Xcel Energy Inc. (NASDAQ:XEL) by 4.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,282 shares of the company’s stock after selling 458 shares during the quarter. Venturi Wealth Management LLC’s holdings in Xcel Energy were worth $632,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Shell Asset Management Co. grew its stake in Xcel Energy by 22.5% during the 2nd quarter. Shell Asset Management Co. now owns 31,967 shares of the company’s stock worth $2,177,000 after buying an additional 5,872 shares during the last quarter. TriaGen Wealth Management LLC bought a new position in Xcel Energy during the 2nd quarter worth $4,255,000. RMG Wealth Management LLC bought a new position in Xcel Energy during the 2nd quarter worth $46,000. Petros Family Wealth LLC bought a new position in Xcel Energy during the 2nd quarter worth $207,000. Finally, DAVENPORT & Co LLC boosted its position in Xcel Energy by 3.4% during the 2nd quarter. DAVENPORT & Co LLC now owns 72,541 shares of the company’s stock worth $4,940,000 after acquiring an additional 2,416 shares during the period. 78.38% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on XEL. Bank of America boosted their price target on Xcel Energy from $78.00 to $84.00 and gave the stock a “buy” rating in a research report on Thursday, September 25th. Mizuho set a $83.00 price target on Xcel Energy in a research report on Thursday, September 25th. Morgan Stanley reduced their price target on 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. Evercore ISI assumed coverage on Xcel Energy in a research report on Monday. They set an “outperform” rating and a $92.00 price target for the company. Finally, BMO Capital Markets set a $84.00 price objective on Xcel Energy in a report on Thursday, September 25th. Nine equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $81.73.

Xcel Energy Trading Down 0.7%

Shares of NASDAQ XEL opened at $81.26 on Friday. Xcel Energy Inc. has a 12 month low of $62.12 and a 12 month high of $82.54. The company has a market cap of $48.06 billion, a price-to-earnings ratio of 22.51, a P/E/G ratio of 2.76 and a beta of 0.37. 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 business has a fifty day simple moving average of $74.50 and a 200-day simple moving average of $71.21.

Xcel Energy (NASDAQ:XEL) last announced 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. Xcel Energy had a return on equity of 10.52% and a net margin of 14.85%.The business had revenue of $3.29 billion during the quarter, compared to the consensus estimate of $3.31 billion. During the same period in the prior year, the business posted $0.54 earnings per share. Xcel Energy’s revenue was up 8.6% compared to the same quarter last year. Xcel Energy has set its FY 2025 guidance at 3.750-3.850 EPS. Sell-side analysts predict that Xcel Energy Inc. will post 3.82 EPS for the current year.

Xcel Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, October 20th. Stockholders 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 of this dividend is Monday, September 15th. Xcel Energy’s dividend payout ratio is currently 63.16%.

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.