Caisse DE Depot ET Placement DU Quebec Acquires New Holdings in Xcel Energy Inc. $XEL

Key Points

• Caisse DE Depot ET Placement DU Quebec acquired a $37.51 million stake in Xcel Energy, purchasing 529,837 shares during the first quarter, representing approximately 0.09% of the company's stock.
• Xcel Energy's earnings per share for the latest quarter stood at $0.75, exceeding analysts' expectations by $0.09, with a revenue of $3.29 billion.
• The company declared a quarterly dividend of $0.57 per share, with a dividend yield of 3.1%, to be paid on October 20th to shareholders of record.

Caisse DE Depot ET Placement DU Quebec acquired a new stake in Xcel Energy Inc. (NASDAQ:XEL - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 529,837 shares of the company's stock, valued at approximately $37,507,000. Caisse DE Depot ET Placement DU Quebec owned about 0.09% of Xcel Energy at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the stock. Accent Capital Management LLC acquired a new stake in Xcel Energy during the 1st quarter worth $29,000. BankPlus Trust Department acquired a new stake in Xcel Energy during the 1st quarter worth $34,000. Rossby Financial LCC acquired a new stake in shares of Xcel Energy in the 1st quarter worth $50,000. Alpine Bank Wealth Management acquired a new stake in shares of Xcel Energy in the 1st quarter worth $53,000. Finally, Itau Unibanco Holding S.A. acquired a new stake in shares of Xcel Energy in the 4th quarter worth $52,000. 78.38% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

XEL has been the subject of a number of research analyst reports. Morgan Stanley reiterated an "outperform" rating on shares of Xcel Energy in a report on Thursday, August 21st. Mizuho boosted their price objective on shares of Xcel Energy from $74.00 to $78.00 and gave the stock an "outperform" rating in a research note on Friday, August 1st. Finally, Wall Street Zen downgraded shares of Xcel Energy from a "hold" rating to a "sell" rating in a research note on Tuesday, May 20th. Eight analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, Xcel Energy currently has a consensus rating of "Moderate Buy" and a consensus target price of $76.80.

Xcel Energy Stock Performance

Shares of NASDAQ:XEL traded up $0.05 on Friday, reaching $72.39. 3,003,393 shares of the company's stock were exchanged, compared to its average volume of 3,622,319. The firm has a market capitalization of $42.81 billion, a price-to-earnings ratio of 20.05, a PEG ratio of 2.44 and a beta of 0.34. Xcel Energy Inc. has a fifty-two week low of $60.66 and a fifty-two week high of $74.57. The business's 50-day moving average is $71.03 and its two-hundred day moving average is $69.98. 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 analysts' consensus estimates of $0.66 by $0.09. Xcel Energy had a net margin of 14.85% and a return on equity of 10.52%. The business had revenue of $3.29 billion for the quarter, compared to analysts' expectations of $3.31 billion. During the same quarter last year, the company earned $0.54 EPS. The company's revenue for the quarter was up 8.6% compared to the same quarter last year. Xcel Energy has set its FY 2025 guidance at 3.750-3.850 EPS. As a group, equities research analysts forecast that Xcel Energy Inc. will post 3.82 EPS for the current year.

Xcel Energy Announces Dividend

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