Ashton Thomas Private Wealth LLC Grows Stock Position in Xcel Energy Inc. $XEL

Key Points

• Ashton Thomas Private Wealth LLC increased its stake in Xcel Energy Inc. by 30.5% during the first quarter, bringing its total holdings to 18,767 shares valued at approximately $1.34 million.
• Xcel Energy reported a Q2 EPS of $0.75, surpassing analyst estimates by $0.09, while the company's revenue grew 8.6% year-over-year.
• The company declared a quarterly dividend of $0.57, representing a yield of 3.2%, with expectations of a payout ratio at 63.16%.

Ashton Thomas Private Wealth LLC boosted its holdings in Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 30.5% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,767 shares of the company's stock after purchasing an additional 4,383 shares during the quarter. Ashton Thomas Private Wealth LLC's holdings in Xcel Energy were worth $1,339,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in XEL. Price T Rowe Associates Inc. MD boosted its stake 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 worth $1,827,090,000 after purchasing an additional 6,109,190 shares during the period. Zimmer Partners LP boosted its stake in Xcel Energy by 1,625.7% in the 4th quarter. Zimmer Partners LP now owns 3,667,200 shares of the company's stock worth $247,609,000 after purchasing an additional 3,454,700 shares during the period. Nuveen LLC bought a new position in Xcel Energy in the 1st quarter worth approximately $155,510,000. JPMorgan Chase & Co. boosted its stake in Xcel Energy by 7.9% in the 1st 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 period. Finally, Point72 Asset Management L.P. boosted its stake in Xcel Energy by 187.0% in the 4th quarter. Point72 Asset Management L.P. now owns 1,829,425 shares of the company's stock worth $123,523,000 after purchasing an additional 1,192,049 shares during the period. 78.38% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Mizuho upped their price target on Xcel Energy from $74.00 to $78.00 and gave the stock an "outperform" rating in a research note on Friday, August 1st. Morgan Stanley reaffirmed an "outperform" rating on shares of Xcel Energy in a report on Thursday, August 21st. Finally, Wall Street Zen cut Xcel Energy from a "hold" rating to a "sell" rating in a report on Tuesday, May 20th. Eight investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $76.80.

Xcel Energy Price Performance

Shares of XEL traded up $0.50 during mid-day trading on Friday, hitting $73.35. 7,080,569 shares of the stock were exchanged, compared to its average volume of 4,201,873. The company has a market cap of $43.38 billion, a PE ratio of 20.32, a price-to-earnings-growth ratio of 2.45 and a beta of 0.35. Xcel Energy Inc. has a 52-week low of $62.12 and a 52-week high of $74.57. The firm has a 50-day moving average of $71.92 and a two-hundred day moving average of $70.21. 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 issued its quarterly earnings data 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. The business had revenue of $3.29 billion for 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 for the quarter was up 8.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.54 EPS. Xcel Energy has set its FY 2025 guidance at 3.750-3.850 EPS. On average, equities analysts predict that Xcel Energy Inc. will post 3.82 earnings per share for the current year.

Xcel Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, October 20th. Investors of record on Monday, September 15th will be issued a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 3.1%. The ex-dividend date is Monday, September 15th. Xcel Energy's dividend payout ratio 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.