Apollon Wealth Management LLC Sells 12,847 Shares of Xcel Energy Inc. $XEL

Key Points

• Apollon Wealth Management LLC reduced its holdings in Xcel Energy Inc. by 44.5% during the 2nd quarter, selling 12,847 shares, and now owns a total of 16,048 shares worth approximately $1,093,000.
• Xcel Energy's recent quarterly earnings showed $0.75 earnings per share, exceeding estimates, and the company is projected to have a FY 2025 EPS guidance of 3.750-3.850.
• The company declared a quarterly dividend of $0.57 per share, representing a 2.8% yield, with a payout ratio of 63.16% as of its latest report.

Apollon Wealth Management LLC trimmed its position in Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 44.5% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 16,048 shares of the company's stock after selling 12,847 shares during the period. Apollon Wealth Management LLC's holdings in Xcel Energy were worth $1,093,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of XEL. Brighton Jones LLC purchased a new position in Xcel Energy in the fourth quarter worth about $240,000. Wealth Enhancement Advisory Services LLC boosted its position in Xcel Energy by 18.3% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 472,344 shares of the company's stock worth $33,437,000 after purchasing an additional 73,036 shares during the last quarter. Janney Montgomery Scott LLC boosted its position in Xcel Energy by 2.5% in the first quarter. Janney Montgomery Scott LLC now owns 137,451 shares of the company's stock worth $9,730,000 after purchasing an additional 3,344 shares during the last quarter. Sowell Financial Services LLC purchased a new position in Xcel Energy in the first quarter worth about $353,000. Finally, Sagespring Wealth Partners LLC boosted its position in Xcel Energy by 15.6% in the first quarter. Sagespring Wealth Partners LLC now owns 5,242 shares of the company's stock worth $371,000 after purchasing an additional 709 shares during the last quarter. 78.38% of the stock is owned by hedge funds and other institutional investors.

Xcel Energy Stock Performance

NASDAQ:XEL opened at $80.85 on Wednesday. The stock's fifty day moving average is $74.91 and its 200 day moving average is $71.47. Xcel Energy Inc. has a fifty-two week low of $62.58 and a fifty-two week high of $82.54. The firm has a market capitalization of $47.82 billion, a PE ratio of 22.40, a PEG ratio of 2.83 and a beta of 0.37. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.85 and a current ratio of 0.96.

Xcel Energy (NASDAQ:XEL - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The company reported $0.75 earnings per share 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 company had revenue of $3.29 billion for the quarter, compared to analyst estimates of $3.31 billion. During the same quarter in the prior year, the firm posted $0.54 EPS. Xcel Energy's quarterly 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. On average, sell-side analysts anticipate that Xcel Energy Inc. will post 3.82 earnings per share for the current 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 yield of 2.8%. The ex-dividend date is Monday, September 15th. Xcel Energy's dividend payout ratio is presently 63.16%.

Analysts Set New Price Targets

XEL has been the subject of several analyst reports. Mizuho set a $83.00 target price on shares of Xcel Energy in a report on Thursday, September 25th. Bank of America lifted their target price on shares of Xcel Energy from $78.00 to $84.00 and gave the company a "buy" rating in a research note on Thursday, September 25th. UBS Group lifted their target price on shares of Xcel Energy from $82.00 to $84.00 and gave the company a "neutral" rating in a research note on Friday. Barclays lifted their target price on shares of Xcel Energy from $72.00 to $81.00 and gave the company an "overweight" rating in a research note on Monday, September 29th. Finally, BMO Capital Markets set a $84.00 target price on shares of Xcel Energy in a research note on Thursday, September 25th. Nine investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $81.91.

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.

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