Bogart Wealth LLC Sells 11,854 Shares of Xcel Energy Inc. $XEL

Key Points

• Bogart Wealth LLC has reduced its stake in Xcel Energy Inc. by 16.9%, selling 11,854 shares and now owning 58,200 shares worth approximately $3.96 million.
• Several analysts have issued new price targets for Xcel Energy, with reports showing ratings ranging from "buy" to "hold," and an average target price of $84.92.
• Xcel Energy announced a quarterly dividend of $0.57, resulting in an annualized yield of 2.8% and a dividend payout ratio of 63.16%.

Bogart Wealth LLC reduced its stake in shares of Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 16.9% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 58,200 shares of the company's stock after selling 11,854 shares during the period. Bogart Wealth LLC's holdings in Xcel Energy were worth $3,963,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. LCM Capital Management Inc raised its position in Xcel Energy by 4.3% during the 2nd quarter. LCM Capital Management Inc now owns 3,572 shares of the company's stock worth $243,000 after purchasing an additional 147 shares during the last quarter. Blair William & Co. IL raised its position in Xcel Energy by 0.4% during the 2nd quarter. Blair William & Co. IL now owns 38,183 shares of the company's stock worth $2,600,000 after purchasing an additional 151 shares during the last quarter. LRI Investments LLC raised its position in Xcel Energy by 8.7% during the 2nd quarter. LRI Investments LLC now owns 2,068 shares of the company's stock worth $141,000 after purchasing an additional 165 shares during the last quarter. Conning Inc. raised its position in Xcel Energy by 4.1% during the 1st quarter. Conning Inc. now owns 4,400 shares of the company's stock worth $311,000 after purchasing an additional 172 shares during the last quarter. Finally, Mutual Advisors LLC raised its position in Xcel Energy by 5.8% during the 2nd quarter. Mutual Advisors LLC now owns 3,114 shares of the company's stock worth $226,000 after purchasing an additional 172 shares during the last quarter. 78.38% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently issued reports on XEL shares. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Xcel Energy in a research report on Wednesday, October 8th. Morgan Stanley decreased their price target 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 began coverage on Xcel Energy in a report on Thursday. They set a "buy" rating and a $93.00 price target for the company. KeyCorp increased their price target on Xcel Energy from $79.00 to $85.00 and gave the stock an "overweight" rating in a report on Wednesday. Finally, Barclays increased their price target on Xcel Energy from $72.00 to $81.00 and gave the stock an "overweight" rating in a report on Monday, September 29th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, Xcel Energy currently has a consensus rating of "Moderate Buy" and an average target price of $84.92.

Xcel Energy Stock Performance

Shares of XEL opened at $81.16 on Monday. 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 50-day moving average of $75.40 and a 200-day moving average of $71.68. The company has a market cap of $48.00 billion, a PE ratio of 22.48, a P/E/G ratio of 2.86 and a beta of 0.37. Xcel Energy Inc. has a one year low of $62.58 and a one year high of $83.01.

Xcel Energy (NASDAQ:XEL - Get Free Report) last issued 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. The company had revenue of $3.29 billion during the quarter, compared to the consensus estimate 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 period last year, the business posted $0.54 EPS. Xcel Energy has set its FY 2025 guidance at 3.750-3.850 EPS. On average, equities research analysts predict that Xcel Energy Inc. will post 3.82 EPS for the current fiscal year.

Xcel Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 20th. Investors of record on Monday, September 15th will be given a $0.57 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $2.28 annualized dividend and a yield of 2.8%. 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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