Capital Management Associates Inc Sells 6,762 Shares of Xcel Energy Inc. $XEL

Capital Management Associates Inc decreased its position in Xcel Energy Inc. (NASDAQ:XEL) by 49.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,840 shares of the company’s stock after selling 6,762 shares during the period. Capital Management Associates Inc’s holdings in Xcel Energy were worth $466,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Brighton Jones LLC bought a new position in shares of Xcel Energy in the 4th quarter valued at about $240,000. UMB Bank n.a. boosted its stake in Xcel Energy by 12.3% in the first quarter. UMB Bank n.a. now owns 3,525 shares of the company’s stock valued at $250,000 after acquiring an additional 386 shares during the last quarter. Park Avenue Securities LLC boosted its stake in Xcel Energy by 7.6% in the first quarter. Park Avenue Securities LLC now owns 20,662 shares of the company’s stock valued at $1,463,000 after acquiring an additional 1,460 shares during the last quarter. Capital Investment Advisors LLC boosted its stake in Xcel Energy by 10.5% in the first quarter. Capital Investment Advisors LLC now owns 4,696 shares of the company’s stock valued at $332,000 after acquiring an additional 445 shares during the last quarter. Finally, Portside Wealth Group LLC bought a new position in Xcel Energy in the first quarter valued at approximately $202,000. Institutional investors own 78.38% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Mizuho set a $83.00 price target on Xcel Energy in a research report on Thursday, September 25th. Evercore ISI initiated coverage on Xcel Energy in a report on Monday. They set an “outperform” rating and a $92.00 target price on the stock. Bank of America raised their target price on Xcel Energy from $78.00 to $84.00 and gave the stock a “buy” rating in a report on Thursday, September 25th. UBS Group set a $82.00 target price on Xcel Energy in a report on Thursday, September 25th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Xcel Energy in a research note on Wednesday. Nine research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Xcel Energy presently has an average rating of “Moderate Buy” and a consensus price target of $81.73.

Xcel Energy Stock Performance

NASDAQ:XEL opened at $81.85 on Thursday. Xcel Energy Inc. has a fifty-two week low of $62.12 and a fifty-two week high of $82.22. 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 stock has a market capitalization of $48.41 billion, a PE ratio of 22.67, a price-to-earnings-growth ratio of 2.76 and a beta of 0.37. The business’s 50-day simple moving average is $74.35 and its 200-day simple moving average is $71.12.

Xcel Energy (NASDAQ:XEL) last announced its quarterly earnings results on Thursday, July 31st. The company reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.66 by $0.09. Xcel Energy had a net margin of 14.85% and a return on equity of 10.52%. The firm had revenue of $3.29 billion for the quarter, compared to analyst estimates of $3.31 billion. During the same quarter in the previous year, the firm posted $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. Sell-side analysts expect that Xcel Energy Inc. will post 3.82 earnings per share for the current fiscal year.

Xcel Energy Announces Dividend

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 issued a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Monday, September 15th. 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.