Amundi Raises Stock Position in Xcel Energy Inc. $XEL

Key Points

• Amundi increased its stake in Xcel Energy Inc. by 116.0%, owning approximately 1.56 million shares valued at $112.3 million at the end of the first quarter.
• Xcel Energy reported earnings of $0.75 per share, surpassing analyst estimates, and set a FY 2025 guidance of 3.750-3.850 EPS.
• The company announced a quarterly dividend of $0.57, representing an annualized yield of 3.1%, with a dividend payout ratio of 63.16%.

Amundi raised its position in shares of Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 116.0% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,556,188 shares of the company's stock after purchasing an additional 835,703 shares during the quarter. Amundi owned 0.27% of Xcel Energy worth $112,263,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Conning Inc. grew its holdings in shares of Xcel Energy by 4.1% during the first quarter. Conning Inc. now owns 4,400 shares of the company's stock worth $311,000 after buying an additional 172 shares in the last quarter. Redhawk Wealth Advisors Inc. lifted its stake in shares of Xcel Energy by 4.3% in the first quarter. Redhawk Wealth Advisors Inc. now owns 4,406 shares of the company's stock worth $312,000 after buying an additional 182 shares in the last quarter. Benjamin Edwards Inc. boosted its position in Xcel Energy by 1.1% during the fourth quarter. Benjamin Edwards Inc. now owns 16,605 shares of the company's stock worth $1,121,000 after acquiring an additional 183 shares during the last quarter. First Horizon Advisors Inc. grew its stake in Xcel Energy by 3.1% during the 1st quarter. First Horizon Advisors Inc. now owns 5,998 shares of the company's stock valued at $425,000 after acquiring an additional 183 shares in the last quarter. Finally, First National Advisers LLC raised its holdings in Xcel Energy by 0.5% in the 1st quarter. First National Advisers LLC now owns 33,930 shares of the company's stock valued at $2,401,000 after acquiring an additional 183 shares during the last quarter. 78.38% of the stock is owned by institutional investors and hedge funds.

Xcel Energy Trading Up 0.4%

NASDAQ:XEL traded up $0.27 on Tuesday, reaching $72.02. The company's stock had a trading volume of 5,443,358 shares, compared to its average volume of 3,685,788. Xcel Energy Inc. has a 12-month low of $62.12 and a 12-month high of $74.57. The stock has a 50 day moving average price of $71.56 and a 200 day moving average price of $70.14. The firm has a market cap of $42.59 billion, a price-to-earnings ratio of 19.95, a price-to-earnings-growth ratio of 2.45 and a beta of 0.35. 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 results on Thursday, July 31st. The company reported $0.75 earnings per share for the quarter, topping analysts' consensus estimates of $0.66 by $0.09. The business had revenue of $3.29 billion during the quarter, compared to analysts' expectations of $3.31 billion. Xcel Energy had a return on equity of 10.52% and a net margin of 14.85%.The company's revenue was up 8.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.54 EPS. Xcel Energy has set its FY 2025 guidance at 3.750-3.850 EPS. On average, equities analysts anticipate that Xcel Energy Inc. will post 3.82 EPS for the current fiscal year.

Xcel Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, October 20th. Stockholders of record on Monday, September 15th will be paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend is Monday, September 15th. Xcel Energy's payout ratio is 63.16%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on XEL. Wall Street Zen lowered shares of Xcel Energy from a "hold" rating to a "sell" rating in a research note on Tuesday, May 20th. Mizuho lifted their price objective on Xcel Energy from $74.00 to $78.00 and gave the stock an "outperform" rating in a research report on Friday, August 1st. Finally, Morgan Stanley reissued an "outperform" rating on shares of Xcel Energy in a research note on Thursday, August 21st. Eight investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $76.80.

Xcel Energy 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.