Reinhart Partners LLC. Trims Stock Position in Xcel Energy Inc. $XEL

Key Points

• Reinhart Partners LLC reduced its holdings in Xcel Energy Inc. by 8.1% during the second quarter, now owning 124,077 shares worth approximately $8.45 million.
• Analysts have a consensus rating of "Moderate Buy" for Xcel Energy, with a target price estimated at $76.80, although one firm downgraded the stock from a "hold" to a "sell".
• Xcel Energy recently announced a quarterly dividend of $0.57 per share, reflecting an annual yield of 3.2%, with a payout ratio of 63.16%.

Reinhart Partners LLC. cut its stake in shares of Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 8.1% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 124,077 shares of the company's stock after selling 10,954 shares during the period. Reinhart Partners LLC.'s holdings in Xcel Energy were worth $8,450,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC raised its position in Xcel Energy by 18.3% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 472,344 shares of the company's stock worth $33,437,000 after acquiring an additional 73,036 shares during the period. Navellier & Associates Inc. acquired a new stake in Xcel Energy in the 1st quarter worth about $2,735,000. J.W. Cole Advisors Inc. acquired a new stake in Xcel Energy in the 1st quarter worth about $905,000. Financial Gravity Asset Management Inc. acquired a new stake in Xcel Energy in the 1st quarter worth about $329,000. Finally, Pinnacle Financial Partners Inc acquired a new stake in Xcel Energy in the 1st quarter worth about $267,000. 78.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Morgan Stanley reiterated an "outperform" rating on shares of Xcel Energy in a report on Thursday, August 21st. Mizuho lifted their price objective on Xcel Energy from $74.00 to $78.00 and gave the stock an "outperform" rating in a report on Friday, August 1st. Eight investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $76.80.

Xcel Energy Price Performance

Shares of Xcel Energy stock traded up $0.12 on Thursday, hitting $72.17. 3,050,045 shares of the company were exchanged, compared to its average volume of 4,178,452. The stock has a market capitalization of $42.68 billion, a price-to-earnings ratio of 19.99, a price-to-earnings-growth ratio of 2.43 and a beta of 0.35. The company has a 50-day moving average price of $72.27 and a 200 day moving average price of $70.24. Xcel Energy Inc. has a 1-year low of $62.12 and a 1-year high of $74.57. The company has a quick ratio of 0.85, a current ratio of 0.96 and a debt-to-equity ratio of 1.48.

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 the consensus estimate of $0.66 by $0.09. The business had revenue of $3.29 billion for the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.54 EPS. Xcel Energy has set its FY 2025 guidance at 3.750-3.850 EPS. As a group, sell-side analysts predict that Xcel Energy Inc. will post 3.82 earnings per share for the current fiscal year.

Xcel Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, October 20th. Stockholders of record on Monday, September 15th will be given a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend is Monday, September 15th. Xcel Energy's payout ratio 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.