Callan Family Office LLC Raises Stock Position in Xcel Energy Inc. $XEL

Key Points

• Callan Family Office LLC increased its stake in Xcel Energy by 374.4%, acquiring a total of 19,107 shares during the second quarter, which are now valued at approximately $1.3 million.
• Xcel Energy reported $0.75 earnings per share for the last quarter, exceeding analysts' expectations, and its total revenue increased by 8.6% compared to the previous year.
• The company recently declared a quarterly dividend of $0.57 per share, presenting an annualized yield of 2.8%, with a payout ratio of 63.16%.

Callan Family Office LLC boosted its position in shares of Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 374.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,107 shares of the company's stock after purchasing an additional 15,079 shares during the period. Callan Family Office LLC's holdings in Xcel Energy were worth $1,301,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Accent Capital Management LLC purchased a new position in Xcel Energy during the first quarter worth about $29,000. BankPlus Trust Department purchased a new stake in shares of Xcel Energy in the 1st quarter valued at approximately $34,000. Rise Advisors LLC raised its stake in shares of Xcel Energy by 62.9% in the 2nd quarter. Rise Advisors LLC now owns 518 shares of the company's stock valued at $35,000 after acquiring an additional 200 shares during the period. Marshall & Sullivan Inc. WA purchased a new stake in shares of Xcel Energy in the 2nd quarter valued at approximately $44,000. Finally, RMG Wealth Management LLC purchased a new stake in shares of Xcel Energy in the 2nd quarter valued at approximately $46,000. 78.38% of the stock is owned by hedge funds and other institutional investors.

Xcel Energy Trading Down 0.4%

Shares of XEL stock opened at $80.93 on Monday. 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 market capitalization of $47.86 billion, a P/E ratio of 22.42, a price-to-earnings-growth ratio of 2.72 and a beta of 0.37. The company has a 50 day moving average price of $74.65 and a 200 day moving average price of $71.33. Xcel Energy Inc. has a fifty-two week low of $62.12 and a fifty-two week high of $82.54.

Xcel Energy (NASDAQ:XEL - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The company reported $0.75 earnings per share for the quarter, beating analysts' consensus estimates of $0.66 by $0.09. The firm had revenue of $3.29 billion during the quarter, compared to analysts' expectations of $3.31 billion. Xcel Energy had a net margin of 14.85% and a return on equity of 10.52%. The business's quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.54 earnings per share. Xcel Energy has set its FY 2025 guidance at 3.750-3.850 EPS. Equities research analysts predict that Xcel Energy Inc. will post 3.82 EPS 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. Shareholders 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 payout ratio is 63.16%.

Analysts Set New Price Targets

XEL has been the topic of a number of research analyst reports. Bank of America boosted their price target 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. BMO Capital Markets set a $84.00 price target on shares of Xcel Energy in a research note on Thursday, September 25th. Mizuho set a $83.00 price target on shares of Xcel Energy in a research note on Thursday, September 25th. UBS Group boosted their price target on shares of Xcel Energy from $82.00 to $84.00 and gave the company a "neutral" rating in a research note on Friday. Finally, Weiss Ratings reissued a "hold (c+)" rating on shares of Xcel Energy in a research note on Wednesday, October 8th. Nine investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $81.91.

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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