TriaGen Wealth Management LLC Purchases Shares of 62,479 Xcel Energy Inc. $XEL

Key Points

• TriaGen Wealth Management LLC purchased 62,479 shares of Xcel Energy Inc., valued at approximately $4.25 million, making it the company's 17th largest investment position.
• Recent analyst reports have increased target prices for Xcel Energy, with Barclays setting a new target at $81.00 and Bank of America raising it to $84.00, both recommending a Buy rating.
• Xcel Energy announced a quarterly dividend of $0.57, resulting in an annualized yield of 2.8%, with a payout ratio of 63.16%.

TriaGen Wealth Management LLC acquired a new position in shares of Xcel Energy Inc. (NASDAQ:XEL - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 62,479 shares of the company's stock, valued at approximately $4,255,000. Xcel Energy makes up about 1.3% of TriaGen Wealth Management LLC's investment portfolio, making the stock its 17th biggest position.

Several other large investors also recently made changes to their positions in XEL. Accent Capital Management LLC acquired a new stake in Xcel Energy in the first quarter valued at approximately $29,000. BankPlus Trust Department bought a new position in shares of Xcel Energy in the 1st quarter worth $34,000. Rise Advisors LLC grew its position in Xcel Energy by 62.9% in the 2nd quarter. Rise Advisors LLC now owns 518 shares of the company's stock valued at $35,000 after purchasing an additional 200 shares during the period. Marshall & Sullivan Inc. WA bought a new stake in Xcel Energy during the 2nd quarter valued at $44,000. Finally, RMG Wealth Management LLC acquired a new position in Xcel Energy during the second quarter worth $46,000. 78.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on XEL. Barclays upped their target price on shares of Xcel Energy from $72.00 to $81.00 and gave the stock an "overweight" rating in a report on Monday, September 29th. Bank of America increased their price objective on Xcel Energy from $78.00 to $84.00 and gave the stock a "buy" rating in a research note on Thursday, September 25th. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Xcel Energy in a research report on Saturday, September 27th. BMO Capital Markets set a $84.00 price target on Xcel Energy in a research report on Thursday, September 25th. Finally, Evercore ISI set a $92.00 price objective on Xcel Energy and gave the company an "outperform" rating in a research note on Monday. Nine analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $81.73.

Xcel Energy Stock Performance

Shares of Xcel Energy stock opened at $81.00 on Tuesday. The business's fifty day simple moving average is $73.97 and its 200 day simple moving average is $70.97. 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 Inc. has a 12 month low of $62.12 and a 12 month high of $81.28. The firm has a market capitalization of $47.91 billion, a P/E ratio of 22.44, a price-to-earnings-growth ratio of 2.70 and a beta of 0.37.

Xcel Energy (NASDAQ:XEL - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The company reported $0.75 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.66 by $0.09. The firm had revenue of $3.29 billion during 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 business's revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.54 EPS. Xcel Energy has set its FY 2025 guidance at 3.750-3.850 EPS. As a group, 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 given a $0.57 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $2.28 annualized dividend and a yield of 2.8%. 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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