Forvis Mazars Wealth Advisors LLC Has $1.02 Million Position in Xcel Energy Inc. $XEL

Forvis Mazars Wealth Advisors LLC raised its stake in shares of Xcel Energy Inc. (NASDAQ:XEL) by 1.5% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,962 shares of the company’s stock after buying an additional 219 shares during the period. Forvis Mazars Wealth Advisors LLC’s holdings in Xcel Energy were worth $1,019,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Accent Capital Management LLC acquired a new stake in shares of Xcel Energy during the 1st quarter valued at $29,000. BankPlus Trust Department acquired a new stake in shares of Xcel Energy during the 1st quarter valued at $34,000. Rise Advisors LLC boosted its stake in shares of Xcel Energy by 62.9% during the 2nd 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 period. Marshall & Sullivan Inc. WA acquired a new stake in shares of Xcel Energy during the 2nd quarter valued at $44,000. Finally, RMG Wealth Management LLC acquired a new stake in shares of Xcel Energy in the 2nd quarter valued at $46,000. Institutional investors and hedge funds own 78.38% of the company’s stock.

Xcel Energy Stock Up 0.1%

Xcel Energy stock opened at $81.16 on Monday. The firm has a market cap of $48.00 billion, a price-to-earnings ratio of 22.48, a P/E/G ratio of 2.86 and a beta of 0.37. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.96 and a quick ratio of 0.85. Xcel Energy Inc. has a fifty-two week low of $62.58 and a fifty-two week high of $83.01. The firm has a fifty day moving average price of $75.40 and a two-hundred day moving average price of $71.68.

Xcel Energy (NASDAQ:XEL) last released its 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. The firm had revenue of $3.29 billion during the quarter, compared to analyst estimates of $3.31 billion. Xcel Energy had a net margin of 14.85% and a return on equity of 10.52%. The business’s revenue was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.54 EPS. Xcel Energy has set its FY 2025 guidance at 3.750-3.850 EPS. As a group, analysts forecast that Xcel Energy Inc. will post 3.82 earnings per share for the current year.

Xcel Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 20th. Stockholders 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 dividend yield of 2.8%. Xcel Energy’s payout ratio is presently 63.16%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on XEL shares. Bank of America lifted their price objective on shares of Xcel Energy from $78.00 to $84.00 and gave the company a “buy” rating in a research note on Thursday, September 25th. KeyCorp lifted their price objective on shares of Xcel Energy from $79.00 to $85.00 and gave the company an “overweight” rating in a research note on Wednesday. UBS Group lifted their price objective on shares of Xcel Energy from $82.00 to $84.00 and gave the company a “neutral” rating in a research note on Friday, October 10th. Morgan Stanley reduced their price objective on shares of Xcel Energy from $81.00 to $80.00 and set an “equal weight” rating for the company in a research note on Thursday, September 25th. Finally, Jefferies Financial Group lifted their price objective on shares of Xcel Energy from $84.00 to $92.00 and gave the company a “buy” rating in a research note on Thursday. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Xcel Energy has an average rating of “Moderate Buy” and an average price target of $84.92.

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.