Sagespring Wealth Partners LLC Has $581,000 Stock Position in Xcel Energy Inc. $XEL

Key Points

• Sagespring Wealth Partners LLC increased its stake in Xcel Energy Inc. by 62.8% during Q2, holding 8,534 shares valued at $581,000 by the end of the reporting period.
• Analysts have rated Xcel Energy with a consensus of "Moderate Buy" and an average price target of $84.92, with some firms setting price objectives as high as $92.00.
• Xcel Energy's recent dividends reflect a yield of 2.8%, with a quarterly payment of $0.57 per share scheduled for October 20th.

Sagespring Wealth Partners LLC boosted its position in shares of Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 62.8% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 8,534 shares of the company's stock after purchasing an additional 3,292 shares during the period. Sagespring Wealth Partners LLC's holdings in Xcel Energy were worth $581,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in XEL. LCM Capital Management Inc grew its holdings in Xcel Energy by 4.3% during the second quarter. LCM Capital Management Inc now owns 3,572 shares of the company's stock valued at $243,000 after purchasing an additional 147 shares during the last quarter. Blair William & Co. IL grew its stake in shares of Xcel Energy by 0.4% in the second quarter. Blair William & Co. IL now owns 38,183 shares of the company's stock worth $2,600,000 after acquiring an additional 151 shares during the last quarter. LRI Investments LLC grew its stake in shares of Xcel Energy by 8.7% in the second quarter. LRI Investments LLC now owns 2,068 shares of the company's stock worth $141,000 after acquiring an additional 165 shares during the last quarter. Conning Inc. grew its stake in shares of Xcel Energy by 4.1% in the first quarter. Conning Inc. now owns 4,400 shares of the company's stock worth $311,000 after acquiring an additional 172 shares during the last quarter. Finally, First Horizon Advisors Inc. grew its stake in shares of Xcel Energy by 3.1% in the first 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 last quarter. 78.38% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Mizuho set a $83.00 price objective on shares of Xcel Energy in a research note on Thursday, September 25th. Evercore ISI assumed coverage on shares of Xcel Energy in a research note on Monday, October 6th. They issued an "outperform" rating and a $92.00 price objective on the stock. BMO Capital Markets raised their price objective on shares of Xcel Energy from $84.00 to $87.00 and gave the stock an "outperform" rating in a research note on Wednesday. Weiss Ratings restated a "hold (c+)" rating on shares of Xcel Energy in a research note on Wednesday, October 8th. Finally, KeyCorp raised their price objective on shares of Xcel Energy from $79.00 to $85.00 and gave the stock an "overweight" rating in a research note on Wednesday. Eleven research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Xcel Energy presently has a consensus rating of "Moderate Buy" and an average price target of $84.92.

Xcel Energy Stock Down 0.9%

XEL opened at $81.10 on Friday. Xcel Energy Inc. has a fifty-two week low of $62.58 and a fifty-two week high of $83.01. 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's fifty day moving average price is $75.24 and its two-hundred day moving average price is $71.61. The company has a market capitalization of $47.96 billion, a P/E ratio of 22.47, a P/E/G ratio of 2.89 and a beta of 0.37.

Xcel Energy (NASDAQ:XEL - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.75 earnings per share for the quarter, topping analysts' consensus estimates 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 in the previous year, the company earned $0.54 earnings per share. The business's revenue was up 8.6% compared to the same quarter last year. Xcel Energy has set its FY 2025 guidance at 3.750-3.850 EPS. On average, analysts anticipate that Xcel Energy Inc. will post 3.82 EPS for the current year.

Xcel Energy Dividend Announcement

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

Xcel Energy Company 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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