6,706 Shares in Xcel Energy Inc. $XEL Bought by Ashton Thomas Securities LLC

Key Points

• Ashton Thomas Securities LLC acquired a new stake in Xcel Energy, purchasing 6,706 shares valued at approximately $457,000 during the 2nd quarter.
• Xcel Energy reported a $0.75 earnings per share (EPS) for the last quarter, exceeding the consensus estimate by $0.09, and has set its FY 2025 guidance at 3.750-3.850 EPS.
• The company announced a quarterly dividend of $0.57 to be paid on October 20th, representing an annualized yield of 2.8%.

Ashton Thomas Securities LLC acquired a new stake in shares of Xcel Energy Inc. (NASDAQ:XEL - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,706 shares of the company's stock, valued at approximately $457,000.

Several other large investors also recently made changes to their positions in XEL. Vanguard Group Inc. boosted its stake in Xcel Energy by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 74,818,158 shares of the company's stock valued at $5,296,377,000 after purchasing an additional 986,170 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of 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 purchasing an additional 6,109,190 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Xcel Energy by 7.9% during the first quarter. JPMorgan Chase & Co. now owns 20,811,241 shares of the company's stock worth $1,473,228,000 after purchasing an additional 1,520,092 shares during the last quarter. Northern Trust Corp lifted its position in shares of Xcel Energy by 5.8% during the 1st quarter. Northern Trust Corp now owns 5,967,952 shares of the company's stock worth $422,471,000 after buying an additional 328,845 shares in the last quarter. Finally, Invesco Ltd. grew its holdings in shares of 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 in the last quarter. 78.38% of the stock is currently owned by institutional investors and hedge funds.

Xcel Energy Price Performance

Shares of Xcel Energy stock opened at $80.26 on Friday. The firm has a market capitalization of $47.47 billion, a PE ratio of 22.23, a price-to-earnings-growth ratio of 2.68 and a beta of 0.37. 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 Inc. has a 12 month low of $62.12 and a 12 month high of $81.15. The business's 50-day moving average price is $73.77 and its 200-day moving average price is $70.88.

Xcel Energy (NASDAQ:XEL - Get Free Report) last issued its earnings results on Thursday, July 31st. The company reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.09. Xcel Energy had a return on equity of 10.52% and a net margin of 14.85%.The business had revenue of $3.29 billion during the quarter, compared to analyst estimates of $3.31 billion. Xcel Energy's revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.54 earnings per share. Xcel Energy has set its FY 2025 guidance at 3.750-3.850 EPS. Sell-side analysts forecast that Xcel Energy Inc. will post 3.82 EPS for the current fiscal year.

Xcel Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 20th. Investors of record on Monday, September 15th will be given a $0.57 dividend. 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 (DPR) is presently 63.16%.

Analyst Ratings Changes

A number of research firms have recently commented on XEL. Weiss Ratings reiterated a "hold (c+)" rating on shares of Xcel Energy in a research note on Saturday, September 27th. BMO Capital Markets set a $84.00 price objective on Xcel Energy in a research note on Thursday, September 25th. UBS Group set a $82.00 price target on shares of Xcel Energy in a research report on Thursday, September 25th. Bank of America raised their price target on Xcel Energy from $78.00 to $84.00 and gave the stock a "buy" rating in a report on Thursday, September 25th. Finally, Barclays upped their price target on Xcel Energy from $72.00 to $81.00 and gave the company an "overweight" rating in a research report on Monday. Nine research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $80.36.

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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