Xcel Energy Inc. $XEL Holdings Decreased by DeDora Capital Inc.

Key Points

• DeDora Capital Inc. reduced its stake in Xcel Energy Inc. by 15.7% during the second quarter, holding 17,398 shares valued at approximately $1.185 million by the end of the reporting period.
• Xcel Energy reported earnings of $0.75 per share for the last quarter, exceeding expectations, with revenue increasing 8.6% year-over-year, though slightly below analyst predictions.
• The company announced a quarterly dividend of $0.57 per share, representing a yield of 2.8%, with the payout ratio standing at 63.16%.

DeDora Capital Inc. reduced its stake in shares of Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 15.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,398 shares of the company's stock after selling 3,237 shares during the quarter. DeDora Capital Inc.'s holdings in Xcel Energy were worth $1,185,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of XEL. Accent Capital Management LLC bought a new stake in shares of Xcel Energy during the first quarter valued at about $29,000. BankPlus Trust Department bought a new stake in Xcel Energy in the first quarter worth about $34,000. Rise Advisors LLC raised its position in Xcel Energy by 62.9% in the second quarter. Rise Advisors LLC now owns 518 shares of the company's stock worth $35,000 after acquiring an additional 200 shares in the last quarter. Marshall & Sullivan Inc. WA bought a new stake in Xcel Energy in the second quarter worth about $44,000. Finally, RMG Wealth Management LLC bought a new stake in Xcel Energy in the second quarter worth about $46,000. 78.38% of the stock is currently owned by institutional investors.

Xcel Energy Trading Up 0.1%

Shares of XEL opened at $81.16 on Friday. The business's 50-day moving average price is $75.40 and its 200 day moving average price is $71.69. The stock has a market capitalization of $48.00 billion, a P/E ratio of 22.48, a P/E/G ratio of 2.86 and a beta of 0.37. Xcel Energy Inc. has a 1-year low of $62.58 and a 1-year high of $83.01. 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 (NASDAQ:XEL - Get Free Report) last released 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. Xcel Energy had a return on equity of 10.52% and a net margin of 14.85%.The company had revenue of $3.29 billion for the quarter, compared to analysts' expectations of $3.31 billion. During the same quarter in the previous year, the business posted $0.54 EPS. The business's revenue for the quarter was up 8.6% on a year-over-year basis. Xcel Energy has set its FY 2025 guidance at 3.750-3.850 EPS. Analysts expect that Xcel Energy Inc. will post 3.82 earnings per share for the current year.

Xcel Energy Dividend Announcement

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

Analyst Upgrades and Downgrades

XEL has been the topic of several research reports. Cowen initiated coverage on shares of Xcel Energy in a research report on Wednesday. They issued a "buy" rating on the stock. KeyCorp boosted their price target on shares of Xcel Energy from $79.00 to $85.00 and gave the stock an "overweight" rating in a research report on Wednesday. TD Cowen initiated coverage on shares of Xcel Energy in a research report on Thursday. They issued a "buy" rating and a $93.00 price target on the stock. BMO Capital Markets boosted their price target on shares of Xcel Energy from $84.00 to $87.00 and gave the stock an "outperform" rating in a research report on Wednesday. Finally, Evercore ISI started coverage on Xcel Energy in a research note on Monday, October 6th. They issued an "outperform" rating and a $92.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $84.92.

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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