Integrated Wealth Concepts LLC Sells 5,534 Shares of Xcel Energy Inc. $XEL

Key Points

• Integrated Wealth Concepts LLC reduced its holdings in Xcel Energy Inc. by 11.9%, owning 40,799 shares after selling 5,534 shares in the 1st quarter.
• Xcel Energy's stock currently has an average rating of "Moderate Buy" from analysts, with a consensus target price of $76.80.
• The company has announced a quarterly dividend of $0.57 due on October 20th, representing an annual yield of 3.2%.

Integrated Wealth Concepts LLC lessened its position in shares of Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 11.9% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 40,799 shares of the company's stock after selling 5,534 shares during the period. Integrated Wealth Concepts LLC's holdings in Xcel Energy were worth $2,888,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Conning Inc. increased its position in Xcel Energy by 4.1% during the 1st quarter. Conning Inc. now owns 4,400 shares of the company's stock worth $311,000 after buying an additional 172 shares during the period. Redhawk Wealth Advisors Inc. increased its position in Xcel Energy by 4.3% during the first quarter. Redhawk Wealth Advisors Inc. now owns 4,406 shares of the company's stock worth $312,000 after acquiring an additional 182 shares during the period. First Horizon Advisors Inc. increased its position in Xcel Energy by 3.1% during 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 period. First National Advisers LLC raised its stake 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 purchasing an additional 183 shares in the last quarter. Finally, Perigon Wealth Management LLC boosted its holdings in Xcel Energy by 3.3% in the 1st quarter. Perigon Wealth Management LLC now owns 6,134 shares of the company's stock valued at $434,000 after purchasing an additional 197 shares during the period. Institutional investors and hedge funds own 78.38% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Wall Street Zen cut Xcel Energy from a "hold" rating to a "sell" rating in a report on Tuesday, May 20th. Mizuho boosted their price target on Xcel Energy from $74.00 to $78.00 and gave the company an "outperform" rating in a research note on Friday, August 1st. Finally, Morgan Stanley reaffirmed an "outperform" rating on shares of Xcel Energy in a research report on Thursday, August 21st. Eight analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, Xcel Energy has a consensus rating of "Moderate Buy" and a consensus price target of $76.80.

Xcel Energy Trading Up 0.7%

Shares of XEL traded up $0.50 during trading hours on Friday, hitting $73.35. 7,080,569 shares of the stock were exchanged, compared to its average volume of 4,201,873. Xcel Energy Inc. has a fifty-two week low of $62.12 and a fifty-two week high of $74.57. The business has a 50-day moving average of $71.92 and a 200-day moving average of $70.21. The firm has a market capitalization of $43.38 billion, a P/E ratio of 20.32, a price-to-earnings-growth ratio of 2.45 and a beta of 0.35. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.96 and a quick ratio of 0.85.

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, topping analysts' consensus estimates of $0.66 by $0.09. The business 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 firm's revenue for the quarter was up 8.6% on a year-over-year basis. During the same period 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. On average, research analysts expect that Xcel Energy Inc. will post 3.82 EPS for the current year.

Xcel Energy Announces Dividend

The business also recently declared 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. The ex-dividend date 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 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.