AMF Tjanstepension AB Increases Holdings in Xcel Energy Inc. $XEL

Key Points

• AMF Tjanstepension AB significantly increased its holdings in Xcel Energy by 458.7% in Q2, resulting in ownership of 195,312 shares valued at approximately $13.3 million.
• Analysts have raised price targets for Xcel Energy, with Barclays setting a new objective of $81.00 and Bank of America increasing its target to $84.00, reflecting a consensus rating of "Moderate Buy."
• Xcel Energy recently declared a quarterly dividend of $0.57 per share, which equates to an annual yield of 2.8%.

AMF Tjanstepension AB raised its position in Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 458.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 195,312 shares of the company's stock after buying an additional 160,352 shares during the period. AMF Tjanstepension AB's holdings in Xcel Energy were worth $13,314,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in XEL. Price T Rowe Associates Inc. MD boosted its position in Xcel Energy by 31.0% in the 1st 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 buying an additional 6,109,190 shares during the last quarter. Nuveen LLC purchased a new position in Xcel Energy in the 1st quarter valued at about $155,510,000. JPMorgan Chase & Co. boosted its position in Xcel Energy by 7.9% in the 1st quarter. JPMorgan Chase & Co. now owns 20,811,241 shares of the company's stock valued at $1,473,228,000 after buying an additional 1,520,092 shares during the last quarter. Vanguard Group Inc. boosted its position in Xcel Energy by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 74,818,158 shares of the company's stock valued at $5,296,377,000 after buying an additional 986,170 shares during the last quarter. Finally, Assenagon Asset Management S.A. boosted its position in Xcel Energy by 5,894.2% in the 2nd quarter. Assenagon Asset Management S.A. now owns 998,507 shares of the company's stock valued at $67,998,000 after buying an additional 981,849 shares during the last quarter. 78.38% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

XEL has been the subject of a number of analyst reports. Barclays upped their price objective on shares of Xcel Energy from $72.00 to $81.00 and gave the company an "overweight" rating in a research report on Monday. Mizuho set a $83.00 price target on shares of Xcel Energy in a research report on Thursday, September 25th. BMO Capital Markets set a $84.00 price target on shares of Xcel Energy in a research report 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. Finally, Bank of America increased their price target on shares of Xcel Energy from $78.00 to $84.00 and gave the stock a "buy" rating in a research report on Thursday, September 25th. Nine research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Xcel Energy has an average rating of "Moderate Buy" and an average price target of $80.36.

Xcel Energy Price Performance

XEL opened at $80.26 on Friday. The firm has a market cap of $47.47 billion, a price-to-earnings ratio of 22.23, a price-to-earnings-growth ratio of 2.68 and a beta of 0.37. Xcel Energy Inc. has a fifty-two week low of $62.12 and a fifty-two week high of $81.15. The company's 50-day moving average price is $73.77 and its 200 day moving average price is $70.88. The company has a quick ratio of 0.85, a current ratio of 0.96 and a debt-to-equity ratio of 1.48.

Xcel Energy (NASDAQ:XEL - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The company reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.09. The firm had revenue of $3.29 billion for 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%. Xcel Energy's quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.54 earnings per share. Xcel Energy has set its FY 2025 guidance at 3.750-3.850 EPS. As a group, sell-side analysts expect that Xcel Energy Inc. will post 3.82 earnings per share for the current year.

Xcel Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 20th. Investors of record on Monday, September 15th will be paid 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 2.8%. Xcel Energy's dividend payout ratio is 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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