Callan Family Office LLC Sells 9,741 Shares of Xcel Energy Inc. $XEL

Key Points

• Callan Family Office LLC reduced its stake in Xcel Energy Inc. by 70.7%, now holding 4,028 shares worth $285,000, amidst a trend of mixed adjustments among institutional investors.
• Xcel Energy announced a quarterly dividend of $0.57 per share, with a 3.2% dividend yield, showcasing a healthy payout ratio of 63.16%.
• Analysts have generally positive outlooks for Xcel Energy, with a consensus target price of $76.00 and several firms raising their price targets recently.

Callan Family Office LLC lowered its position in Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 70.7% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,028 shares of the company's stock after selling 9,741 shares during the period. Callan Family Office LLC's holdings in Xcel Energy were worth $285,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Xcel Energy by 18.3% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 472,344 shares of the company's stock valued at $33,437,000 after purchasing an additional 73,036 shares in the last quarter. Navellier & Associates Inc. bought a new position in Xcel Energy in the first quarter valued at approximately $2,735,000. J.W. Cole Advisors Inc. acquired a new position in shares of Xcel Energy in the first quarter valued at approximately $905,000. Financial Gravity Asset Management Inc. bought a new stake in shares of Xcel Energy during the first quarter worth $329,000. Finally, Pinnacle Financial Partners Inc acquired a new stake in shares of Xcel Energy during the first quarter worth $267,000. Institutional investors and hedge funds own 78.38% of the company's stock.

Xcel Energy Stock Performance

Shares of NASDAQ XEL traded up $0.38 during midday trading on Tuesday, hitting $72.59. 840,626 shares of the company's stock were exchanged, compared to its average volume of 3,640,670. 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 firm has a market capitalization of $42.93 billion, a PE ratio of 20.11, a price-to-earnings-growth ratio of 2.42 and a beta of 0.34. Xcel Energy Inc. has a 12 month low of $59.60 and a 12 month high of $74.57. The company's 50 day moving average price is $70.00 and its 200 day moving average price is $69.65.

Xcel Energy (NASDAQ:XEL - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.09. The business 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 company's quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.54 EPS. Xcel Energy has set its FY 2025 guidance at 3.750-3.850 EPS. As a group, analysts predict that Xcel Energy Inc. will post 3.82 earnings per share for the current fiscal year.

Xcel Energy Dividend Announcement

The company 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 3.1%. The ex-dividend date of this dividend is Monday, September 15th. Xcel Energy's dividend payout ratio (DPR) is presently 63.16%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on XEL shares. BMO Capital Markets upped their target price on shares of Xcel Energy from $69.00 to $73.00 and gave the stock a "market perform" rating in a research note on Wednesday, April 23rd. Wells Fargo & Company set a $78.00 price objective on Xcel Energy and gave the stock an "overweight" rating in a research report on Friday, April 25th. Wall Street Zen cut Xcel Energy from a "hold" rating to a "sell" rating in a research note on Tuesday, May 20th. Evercore ISI raised their price target on shares of Xcel Energy from $74.00 to $77.00 and gave the stock an "outperform" rating in a research note on Monday, April 28th. Finally, Morgan Stanley reduced their target price on shares of Xcel Energy from $78.00 to $77.00 and set an "equal weight" rating for the company in a report on Wednesday, June 18th. Eight analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, Xcel Energy currently has a consensus rating of "Moderate Buy" and an average target price of $76.00.

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.