Atria Wealth Solutions Inc. Sells 5,770 Shares of Xcel Energy Inc. $XEL

Key Points

• Atria Wealth Solutions Inc. has reduced its stake in Xcel Energy Inc. by 58% in the second quarter, selling 5,770 shares and now holding only 4,171 shares valued at $285,000.
• Institutional investors, including Vanguard Group and Price T Rowe Associates, have boosted their holdings in Xcel Energy during the first quarter, indicating strong investor interest.
• Recent analyst ratings show a generally positive outlook for Xcel Energy, with an average target price of $85.77 and a mix of "buy" and "hold" ratings among research firms.

Atria Wealth Solutions Inc. cut its stake in shares of Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 58.0% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,171 shares of the company's stock after selling 5,770 shares during the quarter. Atria Wealth Solutions Inc.'s holdings in Xcel Energy were worth $285,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in Xcel Energy by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 74,818,158 shares of the company's stock valued at $5,296,377,000 after acquiring an additional 986,170 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in Xcel Energy by 31.0% during the 1st 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 acquiring an additional 6,109,190 shares during the period. JPMorgan Chase & Co. boosted its holdings in Xcel Energy by 7.9% during the 1st quarter. JPMorgan Chase & Co. now owns 20,811,241 shares of the company's stock valued at $1,473,228,000 after acquiring an additional 1,520,092 shares during the period. Northern Trust Corp boosted its holdings in Xcel Energy by 5.8% during the 1st quarter. Northern Trust Corp now owns 5,967,952 shares of the company's stock valued at $422,471,000 after acquiring an additional 328,845 shares during the period. Finally, Invesco Ltd. boosted its holdings in Xcel Energy by 0.6% during the 1st quarter. Invesco Ltd. now owns 5,711,917 shares of the company's stock valued at $404,347,000 after acquiring an additional 33,469 shares during the period. 78.38% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on XEL shares. Evercore ISI started coverage on Xcel Energy in a report on Monday, October 6th. They set an "outperform" rating and a $92.00 target price for the company. BTIG Research assumed coverage on Xcel Energy in a report on Tuesday. They issued a "buy" rating and a $96.00 price objective for the company. Morgan Stanley dropped their price objective on Xcel Energy from $81.00 to $80.00 and set an "equal weight" rating for the company in a report on Thursday, September 25th. TD Cowen assumed coverage on Xcel Energy in a report on Thursday, October 16th. They issued a "buy" rating and a $93.00 price objective for the company. Finally, KeyCorp increased their price objective on Xcel Energy from $79.00 to $85.00 and gave the stock an "overweight" rating in a report on Wednesday, October 15th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $85.77.

Xcel Energy Trading Down 0.8%

NASDAQ XEL opened at $80.64 on Wednesday. The stock has a market cap of $47.69 billion, a P/E ratio of 22.34, a price-to-earnings-growth ratio of 2.87 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. The stock has a 50 day simple moving average of $75.73 and a two-hundred day simple moving average of $71.84. Xcel Energy Inc. has a fifty-two week low of $62.58 and a fifty-two week high of $83.01.

Xcel Energy (NASDAQ:XEL - Get Free Report) last released its earnings results on Thursday, July 31st. The company reported $0.75 EPS for the quarter, beating analysts' consensus estimates of $0.66 by $0.09. The company had revenue of $3.29 billion during the quarter, compared to analysts' expectations of $3.31 billion. Xcel Energy had a return on equity of 10.52% and a net margin of 14.85%.The firm's revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.54 EPS. Xcel Energy has set its FY 2025 guidance at 3.750-3.850 EPS. On average, analysts forecast that Xcel Energy Inc. will post 3.82 earnings per share for the current year.

Xcel Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, October 20th. Stockholders of record on Monday, September 15th were paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date was Monday, September 15th. Xcel Energy's dividend payout ratio (DPR) is presently 63.16%.

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.

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