Xcel Energy Inc. $XEL Shares Sold by 17 Capital Partners LLC

Key Points

• 17 Capital Partners LLC reduced its holdings in Xcel Energy by 45.2%, selling 8,058 shares, leaving them with a stake valued at $690,000.
• Xcel Energy recently reported a quarterly earnings per share of $0.75, exceeding estimates, while its revenue fell slightly short of expectations at $3.29 billion.
• The company also declared a quarterly dividend of $0.57 per share, which represents an annual yield of 3.2%.

17 Capital Partners LLC reduced its position in shares of Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 45.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,752 shares of the company's stock after selling 8,058 shares during the period. 17 Capital Partners LLC's holdings in Xcel Energy were worth $690,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Accent Capital Management LLC purchased a new position in shares of Xcel Energy during the 1st quarter worth about $29,000. BankPlus Trust Department purchased a new position in shares of Xcel Energy during the 1st quarter worth about $34,000. Rossby Financial LCC purchased a new position in shares of Xcel Energy during the 1st quarter worth about $50,000. Itau Unibanco Holding S.A. purchased a new position in shares of Xcel Energy during the 4th quarter worth about $52,000. Finally, Alpine Bank Wealth Management purchased a new position in shares of Xcel Energy during the 1st quarter worth about $53,000. 78.38% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently weighed in on XEL. Wall Street Zen lowered shares of Xcel Energy from a "hold" rating to a "sell" rating in a report on Tuesday, May 20th. Mizuho increased their price objective 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. BMO Capital Markets lifted their price objective on shares of Xcel Energy from $69.00 to $73.00 and gave the company a "market perform" rating in a research note on Wednesday, April 23rd. Barclays lifted their price objective on shares of Xcel Energy from $72.00 to $73.00 and gave the company an "overweight" rating in a research note on Tuesday, April 22nd. Finally, Morgan Stanley dropped their price objective on shares of Xcel Energy from $78.00 to $77.00 and set an "equal weight" rating on the stock in a research note on Wednesday, June 18th. Eight investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat, Xcel Energy currently has a consensus rating of "Moderate Buy" and a consensus target price of $76.00.

Xcel Energy Stock Performance

Xcel Energy stock traded up $1.01 during mid-day trading on Tuesday, reaching $73.22. The company's stock had a trading volume of 4,001,512 shares, compared to its average volume of 3,698,267. The firm has a market cap of $43.30 billion, a price-to-earnings ratio of 20.28, a PEG ratio of 2.43 and a beta of 0.34. The business has a 50 day moving average price of $70.09 and a 200-day moving average price of $69.68. 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 twelve month low of $59.60 and a twelve month high of $74.57.

Xcel Energy (NASDAQ:XEL - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The company reported $0.75 EPS for the quarter, topping 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 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 quarter in the previous year, the company posted $0.54 earnings per share. Xcel Energy has set its FY 2025 guidance at 3.750-3.850 EPS. Sell-side analysts predict that Xcel Energy Inc. will post 3.82 EPS for the current fiscal year.

Xcel Energy Announces Dividend

The firm 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 $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend is Monday, September 15th. Xcel Energy's payout ratio is currently 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.