BNP Paribas Financial Markets Grows Stock Position in Xcel Energy Inc. $XEL

Key Points

• BNP Paribas Financial Markets increased its stake in Xcel Energy Inc. by 11.7% in Q1, holding approximately 1.72 million shares valued at $122 million.
• Xcel Energy's latest earnings report beat expectations, reporting $0.75 EPS, surpassing the consensus estimate of $0.66, with revenues of $3.29 billion.
• The company declared a quarterly dividend of $0.57 per share, providing an annualized yield of 3.1%, with a payout ratio of 63.16%.

BNP Paribas Financial Markets boosted its position in Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 11.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,724,433 shares of the company's stock after buying an additional 180,319 shares during the quarter. BNP Paribas Financial Markets owned approximately 0.30% of Xcel Energy worth $122,073,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the company. Beck Bode LLC increased its position in Xcel Energy by 1.2% in the first quarter. Beck Bode LLC now owns 254,148 shares of the company's stock worth $17,991,000 after buying an additional 3,032 shares during the last quarter. Truvestments Capital LLC purchased a new stake in Xcel Energy in the first quarter worth $64,000. CreativeOne Wealth LLC increased its position in Xcel Energy by 12.5% in the first quarter. CreativeOne Wealth LLC now owns 7,474 shares of the company's stock worth $529,000 after buying an additional 829 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec bought a new position in shares of Xcel Energy in the first quarter worth $37,507,000. Finally, ICONIQ Capital LLC bought a new position in shares of Xcel Energy in the first quarter worth $238,000. 78.38% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on XEL shares. Morgan Stanley reaffirmed an "outperform" rating on shares of Xcel Energy in a report on Thursday, August 21st. Mizuho raised their price target on Xcel Energy from $74.00 to $78.00 and gave the stock an "outperform" rating in a report on Friday, August 1st. Finally, Wall Street Zen lowered Xcel Energy from a "hold" rating to a "sell" rating in a report on Tuesday, May 20th. Eight analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Xcel Energy presently has an average rating of "Moderate Buy" and a consensus price target of $76.80.

Xcel Energy Price Performance

NASDAQ:XEL opened at $72.39 on Friday. The firm has a market capitalization of $42.81 billion, a price-to-earnings ratio of 20.05, a P/E/G ratio of 2.44 and a beta of 0.34. Xcel Energy Inc. has a 52-week low of $60.66 and a 52-week high of $74.57. The stock has a fifty day moving average of $71.03 and a 200 day moving average of $69.98. 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 posted its quarterly earnings data on Thursday, July 31st. The company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.09. The company had revenue of $3.29 billion during the quarter, compared to analyst estimates of $3.31 billion. Xcel Energy had a return on equity of 10.52% and a net margin of 14.85%.The firm's quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter last year, the company earned $0.54 earnings per share. Xcel Energy has set its FY 2025 guidance at 3.750-3.850 EPS. On average, research analysts expect that Xcel Energy Inc. will post 3.82 EPS for the current fiscal year.

Xcel Energy Announces Dividend

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 of this dividend is Monday, September 15th. This represents a $2.28 annualized dividend and a yield of 3.1%. Xcel Energy's dividend payout ratio (DPR) is currently 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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