Arkadios Wealth Advisors Boosts Stock Holdings in Xcel Energy Inc. $XEL

Group 1: Institutional Investment Activity - Arkadios Wealth Advisors increased its position in Xcel Energy by 85.1% during Q3, owning 16,115 shares valued at $1,300,000 after acquiring an additional 7,409 shares [2] - ORG Partners LLC raised its position by 168.4% in Q3, now owning 314 shares worth $25,000 after acquiring 197 additional shares [3] - Clearstead Trust LLC grew its position by 202.2% in Q2, now holding 417 shares valued at $28,000 after purchasing 279 shares [3] - Salomon & Ludwin LLC increased its stake by 98.8% in Q3, owning 509 shares worth $41,000 after acquiring 253 shares [3] - Harel Insurance Investments & Financial Services Ltd. purchased a new stake valued at about $50,000 in Q3 [3] - Institutional investors collectively own 78.38% of Xcel Energy's stock [3] Group 2: Analyst Ratings and Price Targets - Royal Bank Of Canada reaffirmed an "outperform" rating with a target price of $95.00 [4] - Evercore ISI initiated coverage with an "outperform" rating and a target price of $92.00 [4] - Citigroup raised its price target from $80.00 to $92.00, maintaining a "buy" rating [4] - Mizuho set a price objective of $86.00 [4] - Weiss Ratings restated a "buy (b-)" rating [4] - The consensus rating for Xcel Energy is "Buy" with a target price of $87.53 [4] Group 3: Financial Performance - Xcel Energy reported Q3 earnings of $1.24 per share, missing the consensus estimate of $1.32 by $0.08 [6] - The company had revenue of $3.92 billion for the quarter, exceeding expectations of $3.89 billion, with a year-over-year revenue increase of 7.4% [6] - The return on equity was 10.45% and the net margin was 13.46% [6] Group 4: Stock and Dividend Information - Xcel Energy's stock opened at $75.01, with a market capitalization of $44.37 billion and a P/E ratio of 22.87 [5] - The company has a 52-week low of $65.21 and a high of $83.01 [5] - A quarterly dividend of $0.57 was declared, representing an annualized dividend of $2.28 and a yield of 3.0% [7] - The dividend payout ratio is currently 69.51% [7] Group 5: Company Overview - Xcel Energy is a Minneapolis-based utility holding company that operates regulated electricity and natural gas delivery systems [9] - The company engages in the generation, transmission, and distribution of electricity, as well as the delivery of natural gas [9] - Xcel Energy's generation portfolio includes nuclear, natural gas, coal, and a growing share of renewable resources such as wind and solar [10]