Xcel Energy Inc. $XEL Shares Purchased by Adage Capital Partners GP L.L.C.

Key Points

• Adage Capital Partners GP L.L.C. increased its stake in Xcel Energy by 44.3%, acquiring an additional 237,500 shares, bringing their total ownership to approximately 774,042 shares valued at about $54.8 million.
• Several other investment firms also increased their holdings in Xcel Energy, with a combined ownership by institutional investors at 78.38% of the stock.
• Xcel Energy recently announced a quarterly dividend of $0.57 per share, with a dividend yield of 3.2%, effective October 20th.

Adage Capital Partners GP L.L.C. lifted its stake in shares of Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 44.3% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 774,042 shares of the company's stock after purchasing an additional 237,500 shares during the period. Adage Capital Partners GP L.L.C. owned about 0.13% of Xcel Energy worth $54,794,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Accent Capital Management LLC bought a new position in shares of Xcel Energy during the first quarter worth about $29,000. BankPlus Trust Department bought a new position in shares of Xcel Energy during the first quarter worth about $34,000. Rossby Financial LCC bought a new position in shares of Xcel Energy during the first quarter worth about $50,000. Alpine Bank Wealth Management bought a new position in shares of Xcel Energy during the first quarter worth about $53,000. Finally, Cary Street Partners Investment Advisory LLC lifted its position in shares of Xcel Energy by 36.9% during the first quarter. Cary Street Partners Investment Advisory LLC now owns 861 shares of the company's stock worth $61,000 after purchasing an additional 232 shares during the last quarter. Institutional investors own 78.38% of the company's stock.

Analyst Ratings Changes

XEL has been the topic of a number of research reports. Wall Street Zen cut shares of Xcel Energy from a "hold" rating to a "sell" rating in a report on Tuesday, May 20th. Mizuho increased their target price on shares of Xcel Energy from $74.00 to $78.00 and gave the stock an "outperform" rating in a report on Friday, August 1st. Finally, Morgan Stanley reissued an "outperform" rating on shares of Xcel Energy in a report on Thursday, August 21st. Eight research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat, Xcel Energy presently has an average rating of "Moderate Buy" and an average target price of $76.80.

Xcel Energy Stock Performance

Shares of NASDAQ:XEL traded up $0.44 during trading hours on Friday, hitting $72.68. The stock had a trading volume of 6,225,935 shares, compared to its average volume of 3,376,788. The stock's fifty day simple moving average is $71.49 and its 200 day simple moving average is $70.13. Xcel Energy Inc. has a 1-year low of $62.12 and a 1-year high of $74.57. The firm has a market capitalization of $42.99 billion, a price-to-earnings ratio of 20.13, a PEG ratio of 2.45 and a beta of 0.35. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.85 and a current ratio of 0.96.

Xcel Energy (NASDAQ:XEL - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.66 by $0.09. Xcel Energy had a net margin of 14.85% and a return on equity of 10.52%. The company had revenue of $3.29 billion for the quarter, compared to analyst estimates of $3.31 billion. During the same quarter last year, the business earned $0.54 earnings per share. Xcel Energy's revenue was up 8.6% compared to the same quarter last year. Xcel Energy has set its FY 2025 guidance at 3.750-3.850 EPS. Sell-side analysts anticipate 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 paid a $0.57 dividend. The ex-dividend date is Monday, September 15th. This represents a $2.28 annualized dividend and a dividend yield of 3.1%. Xcel Energy's dividend payout ratio (DPR) is presently 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.