Hodges Capital Management Inc. Sells 38,408 Shares of Xcel Energy Inc. $XEL

Key Points

• Hodges Capital Management Inc. has reduced its holdings in Xcel Energy Inc. by 74.7%, selling 38,408 shares, leaving them with 12,988 shares valued at approximately $919,000 as of the latest quarter.
• Despite Hodges’ selling, other investors have increased their stakes in Xcel Energy, with notable boosts from companies like Modern Wealth Management LLC and Geneos Wealth Management Inc.
• Xcel Energy recently declared a quarterly dividend of $0.57, representing an annualized dividend of $2.28, with a yield of 3.1%.

Hodges Capital Management Inc. decreased its holdings in Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 74.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,988 shares of the company's stock after selling 38,408 shares during the period. Hodges Capital Management Inc.'s holdings in Xcel Energy were worth $919,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Modern Wealth Management LLC boosted its stake in shares of Xcel Energy by 3.1% during the 1st quarter. Modern Wealth Management LLC now owns 8,506 shares of the company's stock worth $602,000 after purchasing an additional 259 shares during the period. Geneos Wealth Management Inc. boosted its stake in shares of Xcel Energy by 9.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 24,144 shares of the company's stock worth $1,709,000 after purchasing an additional 2,045 shares during the period. Focus Partners Wealth boosted its stake in shares of Xcel Energy by 13.5% during the 1st quarter. Focus Partners Wealth now owns 62,862 shares of the company's stock worth $4,450,000 after purchasing an additional 7,465 shares during the period. Integrity Alliance LLC. purchased a new position in shares of Xcel Energy during the 1st quarter worth about $274,000. Finally, Ransom Advisory Ltd purchased a new position in shares of Xcel Energy during the 1st quarter worth about $50,000. 78.38% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently commented on XEL. Wall Street Zen cut shares of Xcel Energy from a "hold" rating to a "sell" rating in a research note on Tuesday, May 20th. Mizuho lifted 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. Finally, Morgan Stanley reaffirmed an "outperform" rating on shares of Xcel Energy in a research note on Thursday, August 21st. Eight research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $76.80.

Xcel Energy Price Performance

Xcel Energy stock opened at $73.35 on Friday. The stock has a market cap of $43.38 billion, a price-to-earnings ratio of 20.32, a price-to-earnings-growth ratio of 2.45 and a beta of 0.35. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.96 and a quick ratio of 0.85. Xcel Energy Inc. has a 1 year low of $62.12 and a 1 year high of $74.57. The firm has a 50-day moving average of $71.92 and a two-hundred day moving average of $70.21.

Xcel Energy (NASDAQ:XEL - Get Free Report) last released its quarterly earnings data 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 company 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 firm's quarterly revenue was up 8.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.54 EPS. Xcel Energy has set its FY 2025 guidance at 3.750-3.850 EPS. On average, research analysts forecast that Xcel Energy Inc. will post 3.82 earnings per share for the current year.

Xcel Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 20th. Stockholders of record on Monday, September 15th will be given a $0.57 dividend. 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 dividend payout ratio is presently 63.16%.

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.

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