Sequoia Financial Advisors LLC Increases Stock Holdings in Xcel Energy Inc. $XEL

Sequoia Financial Advisors LLC grew its position in Xcel Energy Inc. (NASDAQ:XEL) by 35.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 35,803 shares of the company’s stock after buying an additional 9,355 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Xcel Energy were worth $2,438,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Yousif Capital Management LLC increased its position in shares of Xcel Energy by 15.5% in the second quarter. Yousif Capital Management LLC now owns 89,890 shares of the company’s stock valued at $6,122,000 after buying an additional 12,087 shares in the last quarter. M.E. Allison & CO. Inc. acquired a new stake in shares of Xcel Energy during the second quarter valued at $259,000. LRI Investments LLC boosted its stake in shares of Xcel Energy by 8.7% during the second quarter. LRI Investments LLC now owns 2,068 shares of the company’s stock valued at $141,000 after acquiring an additional 165 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its stake in shares of Xcel Energy by 27.4% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 65,231 shares of the company’s stock valued at $4,442,000 after acquiring an additional 14,025 shares during the last quarter. Finally, Drucker Wealth 3.0 LLC acquired a new stake in shares of Xcel Energy during the second quarter valued at $265,000. Hedge funds and other institutional investors own 78.38% of the company’s stock.

Xcel Energy Stock Performance

Shares of NASDAQ:XEL opened at $81.80 on Thursday. The company has a market cap of $48.38 billion, a P/E ratio of 22.66, a PEG ratio of 2.85 and a beta of 0.37. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.85 and a current ratio of 0.96. Xcel Energy Inc. has a one year low of $62.58 and a one year high of $82.54. The business’s 50-day simple moving average is $75.08 and its 200 day simple moving average is $71.54.

Xcel Energy (NASDAQ:XEL) last announced its earnings results on Thursday, July 31st. The company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.66 by $0.09. The business had revenue of $3.29 billion for 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 company’s revenue was up 8.6% on a year-over-year basis. During the same period last year, the business posted $0.54 EPS. Xcel Energy has set its FY 2025 guidance at 3.750-3.850 EPS. On average, sell-side analysts forecast that Xcel Energy Inc. will post 3.82 earnings per share for the current fiscal year.

Xcel Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 20th. Shareholders of record on Monday, September 15th will be issued a dividend of $0.57 per share. The ex-dividend date is Monday, September 15th. This represents a $2.28 annualized dividend and a yield of 2.8%. Xcel Energy’s payout ratio is currently 63.16%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on XEL shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Xcel Energy in a research note on Wednesday, October 8th. Morgan Stanley decreased their price target on Xcel Energy from $81.00 to $80.00 and set an “equal weight” rating on the stock in a research note on Thursday, September 25th. Barclays raised their price target on Xcel Energy from $72.00 to $81.00 and gave the stock an “overweight” rating in a research note on Monday, September 29th. UBS Group raised their price target on Xcel Energy from $82.00 to $84.00 and gave the stock a “neutral” rating in a research note on Friday, October 10th. Finally, Evercore ISI began coverage on Xcel Energy in a research note on Monday, October 6th. They issued an “outperform” rating and a $92.00 price objective on the stock. Ten analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $82.73.

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.