Xcel Energy Inc. $XEL Stock Position Increased by BROOKFIELD Corp ON

Key Points

• BROOKFIELD Corp ON increased its stake in Xcel Energy Inc. by 4.5%, acquiring an additional 126,130 shares, which now totals 2,928,597 shares.
• Xcel Energy reported earnings of $0.75 per share for the last quarter, beating analysts' expectations of $0.66, while also noting an 8.6% year-over-year revenue growth.
• The company has declared a quarterly dividend of $0.57, with an annualized dividend yield of 3.1%.

BROOKFIELD Corp ON boosted its holdings in shares of Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 4.5% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,928,597 shares of the company's stock after purchasing an additional 126,130 shares during the quarter. Xcel Energy makes up approximately 1.2% of BROOKFIELD Corp ON's holdings, making the stock its 13th largest holding. BROOKFIELD Corp ON owned about 0.51% of Xcel Energy worth $207,315,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Conning Inc. increased its holdings in Xcel Energy by 4.1% during the 1st quarter. Conning Inc. now owns 4,400 shares of the company's stock worth $311,000 after purchasing an additional 172 shares during the last quarter. Redhawk Wealth Advisors Inc. increased its holdings in shares of Xcel Energy by 4.3% in the 1st quarter. Redhawk Wealth Advisors Inc. now owns 4,406 shares of the company's stock valued at $312,000 after acquiring an additional 182 shares during the last quarter. First Horizon Advisors Inc. increased its holdings in shares of Xcel Energy by 3.1% in 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 during the last quarter. First National Advisers LLC increased its holdings in shares of 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. Finally, Perigon Wealth Management LLC increased its holdings in shares of Xcel Energy by 3.3% in the 1st quarter. Perigon Wealth Management LLC now owns 6,134 shares of the company's stock valued at $434,000 after acquiring an additional 197 shares during the last quarter. 78.38% of the stock is currently owned by hedge funds and other institutional investors.

Xcel Energy Stock Performance

XEL stock traded up $0.50 during trading on Friday, reaching $73.35. 7,080,569 shares of the company's stock were exchanged, compared to its average volume of 4,166,236. 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 Inc. has a 1-year low of $62.12 and a 1-year high of $74.57. The company's fifty day moving average price is $71.92 and its 200-day moving average price is $70.20. The firm has a market cap of $43.38 billion, a PE ratio of 20.32, a P/E/G ratio of 2.47 and a beta of 0.35.

Xcel Energy (NASDAQ:XEL - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The company reported $0.75 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.66 by $0.09. Xcel Energy had a return on equity of 10.52% and a net margin of 14.85%.The company had revenue of $3.29 billion during the quarter, compared to analyst estimates of $3.31 billion. During the same quarter in the previous year, the firm posted $0.54 EPS. The firm's quarterly revenue was up 8.6% on a year-over-year basis. 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 Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 20th. Shareholders of record on Monday, September 15th will be given a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date is Monday, September 15th. Xcel Energy's payout ratio is 63.16%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on XEL. Mizuho boosted their price target on Xcel Energy from $74.00 to $78.00 and gave the company an "outperform" rating in a report on Friday, August 1st. Wall Street Zen downgraded Xcel Energy from a "hold" rating to a "sell" rating in a report on Tuesday, May 20th. Finally, Morgan Stanley reiterated 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 stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $76.80.

About Xcel Energy

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.