Ieq Capital LLC Sells 45,250 Shares of Xcel Energy Inc. $XEL

Key Points

• Ieq Capital LLC reduced its holdings in Xcel Energy Inc. by 38.1%, selling 45,250 shares, and now owns 73,403 shares valued at approximately $5.2 million.
• Multiple analysts have rated Xcel Energy stock, with Morgan Stanley maintaining an "outperform" rating and Mizuho increasing the target price to $78.00, while Wall Street Zen downgraded it to "sell."
• Xcel Energy reported a quarterly earnings per share of $0.75, surpassing the consensus estimate of $0.66, and announced a $0.57 quarterly dividend yielding around 3.1%.

Ieq Capital LLC lowered its holdings in shares of Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 38.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 73,403 shares of the company's stock after selling 45,250 shares during the quarter. Ieq Capital LLC's holdings in Xcel Energy were worth $5,196,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Conning Inc. raised its holdings in shares of Xcel Energy by 4.1% during the 1st quarter. Conning Inc. now owns 4,400 shares of the company's stock valued at $311,000 after purchasing an additional 172 shares in the last quarter. Redhawk Wealth Advisors Inc. raised its holdings in shares of Xcel Energy by 4.3% during the 1st quarter. Redhawk Wealth Advisors Inc. now owns 4,406 shares of the company's stock valued at $312,000 after purchasing an additional 182 shares in the last quarter. Benjamin Edwards Inc. raised its holdings in Xcel Energy by 1.1% in the 4th quarter. Benjamin Edwards Inc. now owns 16,605 shares of the company's stock worth $1,121,000 after acquiring an additional 183 shares during the period. First Horizon Advisors Inc. raised its holdings in Xcel Energy by 3.1% in the 1st quarter. First Horizon Advisors Inc. now owns 5,998 shares of the company's stock worth $425,000 after acquiring an additional 183 shares during the period. Finally, First National Advisers LLC raised its holdings in Xcel Energy by 0.5% in the 1st quarter. First National Advisers LLC now owns 33,930 shares of the company's stock worth $2,401,000 after acquiring an additional 183 shares during the period. Institutional investors own 78.38% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Morgan Stanley reiterated an "outperform" rating on shares of Xcel Energy in a report on Thursday, August 21st. Mizuho lifted their target price on shares of Xcel Energy from $74.00 to $78.00 and gave the stock an "outperform" rating in a report on Friday, August 1st. Finally, Wall Street Zen downgraded shares of Xcel Energy from a "hold" rating to a "sell" rating in a report on Tuesday, May 20th. Eight investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $76.80.

Xcel Energy Stock Performance

NASDAQ XEL opened at $72.39 on Friday. 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 capitalization of $42.81 billion, a price-to-earnings ratio of 20.05, a P/E/G ratio of 2.44 and a beta of 0.34. The company's fifty day moving average is $71.03 and its two-hundred day moving average is $69.98. Xcel Energy Inc. has a 52-week low of $60.66 and a 52-week high of $74.57.

Xcel Energy (NASDAQ:XEL - Get Free Report) last issued its earnings results on Thursday, July 31st. The company reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.09. The business had revenue of $3.29 billion for the quarter, compared to analyst estimates of $3.31 billion. Xcel Energy had a net margin of 14.85% and a return on equity of 10.52%. The firm's revenue was up 8.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.54 EPS. Xcel Energy has set its FY 2025 guidance at 3.750-3.850 EPS. Equities research analysts forecast that Xcel Energy Inc. will post 3.82 EPS for the current year.

Xcel Energy Announces Dividend

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