GC Wealth Management RIA LLC Takes Position in Xcel Energy Inc. $XEL

GC Wealth Management RIA LLC purchased a new stake in Xcel Energy Inc. (NASDAQ:XEL) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,562 shares of the company’s stock, valued at approximately $243,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Accent Capital Management LLC acquired a new position in shares of Xcel Energy in the first quarter valued at about $29,000. BankPlus Trust Department acquired a new position in shares of Xcel Energy in the first quarter valued at about $34,000. Rise Advisors LLC grew its stake in shares of Xcel Energy by 62.9% in the second quarter. Rise Advisors LLC now owns 518 shares of the company’s stock valued at $35,000 after acquiring an additional 200 shares in the last quarter. Marshall & Sullivan Inc. WA acquired a new position in shares of Xcel Energy in the second quarter valued at about $44,000. Finally, Rossby Financial LCC acquired a new position in shares of Xcel Energy in the first quarter valued at about $50,000. 78.38% of the stock is currently owned by institutional investors and hedge funds.

Xcel Energy Trading Down 0.9%

XEL opened at $79.60 on Friday. The company’s 50 day moving average is $73.62 and its 200-day moving average is $70.81. The company has a market cap of $47.08 billion, a P/E ratio of 22.05, a PEG ratio of 2.70 and a beta of 0.37. Xcel Energy Inc. has a 1-year low of $62.12 and a 1-year high of $81.15. The company has a current ratio of 0.96, a quick ratio of 0.85 and a debt-to-equity ratio of 1.48.

Xcel Energy (NASDAQ:XEL) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.66 by $0.09. The business 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 firm’s quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter last year, the business earned $0.54 EPS. Xcel Energy has set its FY 2025 guidance at 3.750-3.850 EPS. Equities research 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. 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 2.9%. Xcel Energy’s dividend payout ratio (DPR) is presently 63.16%.

Analyst Ratings Changes

XEL has been the topic of several research reports. UBS Group set a $82.00 price target on shares of Xcel Energy in a research note on Thursday, September 25th. Barclays increased their price objective on shares of Xcel Energy from $72.00 to $81.00 and gave the stock an “overweight” rating in a research note on Monday. Mizuho set a $83.00 price objective on shares of Xcel Energy in a research note on Thursday, September 25th. BMO Capital Markets set a $84.00 price objective on shares of Xcel Energy in a research note on Thursday, September 25th. Finally, Morgan Stanley reduced their price objective on shares of 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. Nine analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Xcel Energy presently has an average rating of “Moderate Buy” and a consensus target price of $80.36.

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.