Capital Management Associates Inc Sells 6,762 Shares of Xcel Energy Inc. $XEL

Key Points

• Capital Management Associates Inc significantly reduced its stake in Xcel Energy Inc. by 49.7%, selling 6,762 shares during the second quarter, leaving it with approximately 6,840 shares valued at $466,000.
• Xcel Energy reported better-than-expected earnings of $0.75 EPS for the quarter, exceeding the consensus estimate by $0.09, along with a revenue increase of 8.6% year-over-year.
• The company declared a quarterly dividend of $0.57 per share, scheduled for payout on October 20th, representing a dividend yield of 2.8% with a payout ratio of 63.16%.

Capital Management Associates Inc lowered its stake in shares of Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 49.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,840 shares of the company's stock after selling 6,762 shares during the quarter. Capital Management Associates Inc's holdings in Xcel Energy were worth $466,000 at the end of the most recent reporting period.

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

Xcel Energy Price Performance

NASDAQ XEL opened at $81.85 on Thursday. The stock's 50 day simple moving average is $74.35 and its 200 day simple moving average is $71.12. 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 firm has a market cap of $48.41 billion, a PE ratio of 22.67, a price-to-earnings-growth ratio of 2.76 and a beta of 0.37. Xcel Energy Inc. has a one year low of $62.12 and a one year high of $82.22.

Xcel Energy (NASDAQ:XEL - Get Free Report) last announced its earnings results on Thursday, July 31st. The company reported $0.75 EPS for the quarter, topping 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 analysts' expectations of $3.31 billion. During the same quarter in the prior year, the business earned $0.54 earnings per share. The business's revenue for the quarter was up 8.6% on a year-over-year basis. Xcel Energy has set its FY 2025 guidance at 3.750-3.850 EPS. As a group, sell-side analysts forecast that Xcel Energy Inc. will post 3.82 earnings per share for the current fiscal year.

Xcel Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, October 20th. Stockholders of record on Monday, September 15th will be paid a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend is Monday, September 15th. Xcel Energy's dividend payout ratio is 63.16%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Evercore ISI assumed coverage on shares of Xcel Energy in a report on Monday. They issued an "outperform" rating and a $92.00 price target on the stock. Mizuho set a $83.00 target price on shares of Xcel Energy in a research note on Thursday, September 25th. BMO Capital Markets set a $84.00 target price on shares of Xcel Energy in a research note on Thursday, September 25th. Morgan Stanley lowered their price objective on Xcel Energy from $81.00 to $80.00 and set an "equal weight" rating on the stock in a research note on Thursday, September 25th. Finally, UBS Group set a $82.00 price objective on Xcel Energy in a research note on Thursday, September 25th. Nine equities research 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 has a consensus rating of "Moderate Buy" and a consensus price target of $81.73.

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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