4,283 Shares in Xcel Energy Inc. $XEL Purchased by Endeavor Private Wealth Inc.

Key Points

• Endeavor Private Wealth Inc. acquired 4,283 shares of Xcel Energy Inc. for approximately $292,000 in Q2, reflecting increased institutional interest in the company.
• Analyst reports indicate a generally favorable outlook for Xcel Energy, with the stock receiving a consensus rating of "Moderate Buy" and a price target average of $81.73.
• Xcel Energy announced a quarterly dividend of $0.57 per share, which will be paid on October 20th, boasting an annual yield of 2.8% and a dividend payout ratio of 63.16%.

Endeavor Private Wealth Inc. purchased a new position in Xcel Energy Inc. (NASDAQ:XEL - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 4,283 shares of the company's stock, valued at approximately $292,000.

Several other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in shares of Xcel Energy by 1.3% during the first quarter. Vanguard Group Inc. now owns 74,818,158 shares of the company's stock worth $5,296,377,000 after buying an additional 986,170 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Xcel Energy by 31.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 25,809,978 shares of the company's stock valued at $1,827,090,000 after acquiring an additional 6,109,190 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Xcel Energy by 7.9% in the first quarter. JPMorgan Chase & Co. now owns 20,811,241 shares of the company's stock valued at $1,473,228,000 after acquiring an additional 1,520,092 shares during the last quarter. Northern Trust Corp boosted its stake in Xcel Energy by 5.8% in the first quarter. Northern Trust Corp now owns 5,967,952 shares of the company's stock valued at $422,471,000 after acquiring an additional 328,845 shares during the last quarter. Finally, Invesco Ltd. boosted its stake in Xcel Energy by 0.6% in the first quarter. Invesco Ltd. now owns 5,711,917 shares of the company's stock valued at $404,347,000 after acquiring an additional 33,469 shares during the last quarter. Institutional investors and hedge funds own 78.38% of the company's stock.

Analyst Ratings Changes

XEL has been the topic of a number of recent analyst reports. Weiss Ratings reissued a "hold (c+)" rating on shares of Xcel Energy in a research report on Wednesday. UBS Group set a $82.00 price target on shares of Xcel Energy in a research report on Thursday, September 25th. Bank of America lifted their target price on Xcel Energy from $78.00 to $84.00 and gave the company a "buy" rating in a research report on Thursday, September 25th. Morgan Stanley lowered 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. Finally, Evercore ISI started coverage on shares of Xcel Energy in a research note on Monday. They set an "outperform" rating and a $92.00 price objective on the stock. Nine equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $81.73.

Xcel Energy Stock Performance

NASDAQ XEL opened at $81.26 on Friday. The company has a quick ratio of 0.85, a current ratio of 0.96 and a debt-to-equity ratio of 1.48. The company has a market capitalization of $48.06 billion, a P/E ratio of 22.51, a P/E/G ratio of 2.76 and a beta of 0.37. Xcel Energy Inc. has a 12-month low of $62.12 and a 12-month high of $82.54. The firm has a 50-day moving average price of $74.50 and a two-hundred day moving average price of $71.21.

Xcel Energy (NASDAQ:XEL - Get Free Report) last posted 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 firm had revenue of $3.29 billion during the quarter, compared to the consensus estimate 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 for the quarter was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.54 EPS. Xcel Energy has set its FY 2025 guidance at 3.750-3.850 EPS. Analysts anticipate that Xcel Energy Inc. will post 3.82 earnings per share for the current year.

Xcel Energy Announces Dividend

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

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