Xcel Energy Inc. $XEL Position Cut by Focus Financial Network Inc.

Key Points

• Focus Financial Network Inc. reduced its position in Xcel Energy by 8.3% in the second quarter, selling 8,620 shares and retaining 95,277 shares valued at $6,488,000.
• Xcel Energy reported an earnings per share (EPS) of $0.75, exceeding the analyst consensus estimate of $0.66, and achieved revenue of $3.29 billion during the last quarter.
• The company announced a quarterly dividend of $0.57 per share, yielding 3.2%, set to be paid on October 20th.

Focus Financial Network Inc. lowered its holdings in shares of Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 8.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 95,277 shares of the company's stock after selling 8,620 shares during the quarter. Focus Financial Network Inc.'s holdings in Xcel Energy were worth $6,488,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Conning Inc. increased its stake 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 buying an additional 172 shares during the period. Redhawk Wealth Advisors Inc. grew its holdings in shares of Xcel Energy by 4.3% during the first quarter. Redhawk Wealth Advisors Inc. now owns 4,406 shares of the company's stock worth $312,000 after buying an additional 182 shares during the last quarter. First Horizon Advisors Inc. grew its holdings in shares of Xcel Energy by 3.1% during the first quarter. First Horizon Advisors Inc. now owns 5,998 shares of the company's stock worth $425,000 after buying an additional 183 shares during the last quarter. First National Advisers LLC grew its holdings in shares of Xcel Energy by 0.5% during the first quarter. First National Advisers LLC now owns 33,930 shares of the company's stock worth $2,401,000 after buying an additional 183 shares during the last quarter. Finally, Perigon Wealth Management LLC grew its stake in shares of Xcel Energy by 3.3% in the 1st quarter. Perigon Wealth Management LLC now owns 6,134 shares of the company's stock valued at $434,000 after purchasing an additional 197 shares during the last quarter. Hedge funds and other institutional investors own 78.38% of the company's stock.

Xcel Energy Trading Down 0.1%

Shares of Xcel Energy stock traded down $0.06 during trading hours on Friday, reaching $72.11. 10,033,723 shares of the company's stock were exchanged, compared to its average volume of 4,175,971. The company has a fifty day moving average of $72.34 and a 200-day moving average of $70.26. Xcel Energy Inc. has a 52-week low of $62.12 and a 52-week high of $74.57. The firm has a market capitalization of $42.65 billion, a price-to-earnings ratio of 19.98, a price-to-earnings-growth ratio of 2.43 and a beta of 0.35. The company has a current ratio of 0.96, a quick ratio of 0.85 and a debt-to-equity ratio of 1.48.

Xcel Energy (NASDAQ:XEL - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The company reported $0.75 EPS for the quarter, topping analysts' consensus estimates of $0.66 by $0.09. The company had revenue of $3.29 billion for 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% 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. Sell-side analysts forecast that Xcel Energy Inc. will post 3.82 EPS for the current fiscal year.

Xcel Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 20th. Investors of record on Monday, September 15th will be paid a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date is Monday, September 15th. Xcel Energy's dividend payout ratio is presently 63.16%.

Analyst Ratings Changes

A number of research firms recently weighed in on XEL. Morgan Stanley reiterated an "outperform" rating on shares of Xcel Energy in a research report on Thursday, August 21st. Mizuho lifted their price objective on Xcel Energy from $74.00 to $78.00 and gave the company an "outperform" rating in a report on Friday, August 1st. Eight investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $76.80.

About Xcel Energy

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.