Guggenheim Capital LLC Has $16.07 Million Stock Holdings in Xcel Energy Inc. $XEL

Key Points

• Guggenheim Capital LLC has reduced its stake in Xcel Energy Inc. by 2.1%, now holding 227,056 shares valued at approximately $16.07 million.
• Analysts have mixed ratings for Xcel Energy, with eight giving it a Buy rating and two a Hold rating, while the latest price target consensus is $76.80.
• Xcel Energy recently announced a quarterly dividend of $0.57 per share, resulting in an annualized yield of 3.1%, with the payout ratio currently at 63.16%.

Guggenheim Capital LLC trimmed its position in shares of Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 2.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 227,056 shares of the company's stock after selling 4,873 shares during the period. Guggenheim Capital LLC's holdings in Xcel Energy were worth $16,073,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analysts Set New Price Targets

Several research analysts have recently commented on XEL shares. Mizuho increased their price target on shares of Xcel Energy from $74.00 to $78.00 and gave the stock an "outperform" rating in a research note on Friday, August 1st. Morgan Stanley reiterated an "outperform" rating on shares of Xcel Energy in a report on Thursday, August 21st. Finally, Wall Street Zen lowered Xcel Energy from a "hold" rating to a "sell" rating in a report on Tuesday, May 20th. Eight analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $76.80.

Xcel Energy Price Performance

NASDAQ XEL opened at $72.87 on Thursday. Xcel Energy Inc. has a 1 year low of $60.60 and a 1 year high of $74.57. The company has a fifty day simple moving average of $70.80 and a 200 day simple moving average of $69.90. The company has a current ratio of 0.96, a quick ratio of 0.85 and a debt-to-equity ratio of 1.48. The company has a market cap of $43.10 billion, a P/E ratio of 20.19, a P/E/G ratio of 2.44 and a beta of 0.34.

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 net margin of 14.85% and a return on equity of 10.52%. The firm had revenue of $3.29 billion for the quarter, compared to the consensus estimate of $3.31 billion. During the same quarter last year, the firm posted $0.54 EPS. The business's quarterly revenue was up 8.6% on a year-over-year basis. Xcel Energy has set its FY 2025 guidance at 3.750-3.850 EPS. On average, sell-side analysts predict that Xcel Energy Inc. will post 3.82 EPS for the current year.

Xcel Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 20th. Investors of record on Monday, September 15th will be given a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend is Monday, September 15th. Xcel Energy's payout ratio is currently 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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