Xcel Energy Inc. $XEL Shares Sold by Stiles Financial Services Inc

Key Points

• Stiles Financial Services Inc reduced its stake in Xcel Energy by 9.2%, owning 47,450 shares after selling 4,815 shares in the second quarter, which constitutes about 1.1% of its investment portfolio.
• Xcel Energy reported $0.75 earnings per share for the last quarter, exceeding analyst expectations of $0.66, and set its FY 2025 guidance at 3.750-3.850 EPS.
• The company is set to pay a quarterly dividend of $0.57 per share on October 20th, which translates to an annual yield of 2.8%.

Stiles Financial Services Inc cut its holdings in shares of Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 9.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 47,450 shares of the company's stock after selling 4,815 shares during the period. Xcel Energy accounts for approximately 1.1% of Stiles Financial Services Inc's investment portfolio, making the stock its 24th biggest holding. Stiles Financial Services Inc's holdings in Xcel Energy were worth $3,231,000 at the end of the most recent quarter.

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

Xcel Energy Stock Performance

NASDAQ XEL opened at $81.26 on Friday. The stock has a market capitalization of $48.06 billion, a price-to-earnings ratio of 22.51, a PEG ratio of 2.76 and a beta of 0.37. Xcel Energy Inc. has a twelve month low of $62.12 and a twelve month high of $82.54. The company has a current ratio of 0.96, a quick ratio of 0.85 and a debt-to-equity ratio of 1.48. The stock has a 50-day moving average of $74.50 and a 200 day moving average of $71.21.

Xcel Energy (NASDAQ:XEL - Get Free Report) last released its quarterly 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. 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 during the quarter, compared to analysts' expectations of $3.31 billion. During the same quarter in the prior year, the firm posted $0.54 EPS. Xcel Energy's quarterly revenue was up 8.6% compared to the same quarter last year. Xcel Energy has set its FY 2025 guidance at 3.750-3.850 EPS. Sell-side analysts anticipate that Xcel Energy Inc. will post 3.82 EPS for the current fiscal year.

Xcel Energy Dividend Announcement

The company also recently disclosed 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 is Monday, September 15th. Xcel Energy's payout ratio is 63.16%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on XEL shares. Evercore ISI started coverage on Xcel Energy in a research report on Monday. They set an "outperform" rating and a $92.00 price target on the stock. Morgan Stanley decreased their price objective on Xcel Energy from $81.00 to $80.00 and set an "equal weight" rating for the company in a report on Thursday, September 25th. Weiss Ratings reissued a "hold (c+)" rating on shares of Xcel Energy in a report on Wednesday. Barclays boosted their price objective on Xcel Energy from $72.00 to $81.00 and gave the company an "overweight" rating in a report on Monday, September 29th. Finally, UBS Group set a $82.00 price objective on Xcel Energy in a report on Thursday, September 25th. Nine analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $81.73.

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.

Want to see what other hedge funds are holding XEL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Xcel Energy Inc. (NASDAQ:XEL - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.