Xcel Energy Inc. $XEL Shares Sold by Procyon Advisors LLC

Key Points

• Procyon Advisors LLC decreased its stake in Xcel Energy Inc. by 18.1% during the second quarter, now holding 23,465 shares valued at approximately $1.6 million.
• Xcel Energy recently declared a quarterly dividend of $0.57, with a dividend yield of 3.2%, payable on October 20th.
• Analysts have a Moderate Buy rating on Xcel Energy, with a consensus price target of $76.80.

Procyon Advisors LLC lessened its stake in shares of Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 18.1% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 23,465 shares of the company's stock after selling 5,172 shares during the quarter. Procyon Advisors LLC's holdings in Xcel Energy were worth $1,598,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Brighton Jones LLC purchased a new position in Xcel Energy during the fourth quarter valued at $240,000. Tidal Investments LLC raised its holdings in Xcel Energy by 8.9% during the 4th quarter. Tidal Investments LLC now owns 20,186 shares of the company's stock valued at $1,363,000 after buying an additional 1,646 shares during the period. Vident Advisory LLC grew its position in Xcel Energy by 7.5% in the 4th quarter. Vident Advisory LLC now owns 14,673 shares of the company's stock valued at $991,000 after acquiring an additional 1,018 shares during the last quarter. iSAM Funds UK Ltd bought a new stake in Xcel Energy during the fourth quarter valued at about $300,000. Finally, Woodline Partners LP purchased a new stake in Xcel Energy in the fourth quarter valued at about $2,328,000. Hedge funds and other institutional investors own 78.38% of the company's stock.

Analysts Set New Price Targets

Several brokerages have commented on XEL. Mizuho raised their price objective on Xcel Energy from $74.00 to $78.00 and gave the company an "outperform" rating in a report on Friday, August 1st. Morgan Stanley restated an "outperform" rating on shares of Xcel Energy in a report on Thursday, August 21st. Eight investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $76.80.

Xcel Energy Price Performance

Xcel Energy stock traded down $0.06 during mid-day trading on Friday, hitting $72.11. 10,033,723 shares of the company were exchanged, compared to its average volume of 4,175,971. Xcel Energy Inc. has a 12-month low of $62.12 and a 12-month high of $74.57. The business's 50 day simple moving average is $72.34 and its two-hundred day simple moving average is $70.26. 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 company has a market capitalization of $42.65 billion, a P/E ratio of 19.98, a PEG ratio of 2.43 and a beta of 0.35.

Xcel Energy (NASDAQ:XEL - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The company reported $0.75 earnings per share (EPS) for the quarter, topping 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 business had revenue of $3.29 billion for the quarter, compared to analysts' expectations of $3.31 billion. During the same quarter last year, the firm earned $0.54 earnings per share. The business's revenue 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 forecast that Xcel Energy Inc. will post 3.82 earnings per share for the current fiscal year.

Xcel Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 20th. Investors of record on Monday, September 15th will be issued a $0.57 dividend. The ex-dividend date is Monday, September 15th. This represents a $2.28 dividend on an annualized basis and a yield of 3.2%. Xcel Energy's dividend payout ratio (DPR) is presently 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.