Campbell & CO Investment Adviser LLC acquired a new position in Xcel Energy Inc. (NASDAQ:XEL - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 40,252 shares of the company's stock, valued at approximately $2,849,000.
A number of other hedge funds have also recently bought and sold shares of the stock. Brighton Jones LLC bought a new stake in shares of Xcel Energy in the fourth quarter valued at about $240,000. Marshall Wace LLP raised its holdings in Xcel Energy by 1,562.0% in the 4th quarter. Marshall Wace LLP now owns 58,055 shares of the company's stock valued at $3,920,000 after acquiring an additional 54,562 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Xcel Energy by 4.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,916,787 shares of the company's stock valued at $129,423,000 after acquiring an additional 80,744 shares in the last quarter. MML Investors Services LLC lifted its position in shares of Xcel Energy by 1.0% in the 4th quarter. MML Investors Services LLC now owns 73,073 shares of the company's stock worth $4,934,000 after acquiring an additional 708 shares during the period. Finally, T. Rowe Price Investment Management Inc. grew its holdings in shares of Xcel Energy by 24.3% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 48,201 shares of the company's stock worth $3,255,000 after purchasing an additional 9,428 shares in the last quarter. 78.38% of the stock is owned by institutional investors.
Analysts Set New Price Targets
A number of research analysts recently commented on XEL shares. Mizuho upped their target price on Xcel Energy from $74.00 to $78.00 and gave the company an "outperform" rating in a research note on Friday, August 1st. Wall Street Zen lowered shares of Xcel Energy from a "hold" rating to a "sell" rating in a report on Tuesday, May 20th. Finally, Morgan Stanley reaffirmed an "outperform" rating on shares of Xcel Energy in a report on Thursday, August 21st. Eight equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, Xcel Energy currently has an average rating of "Moderate Buy" and a consensus target price of $76.80.
Check Out Our Latest Report on Xcel Energy
Xcel Energy Price Performance
NASDAQ:XEL traded down $0.53 on Thursday, reaching $72.34. The stock had a trading volume of 3,361,861 shares, compared to its average volume of 3,637,883. The company has a market capitalization of $42.78 billion, a P/E ratio of 20.04, a price-to-earnings-growth ratio of 2.44 and a beta of 0.34. Xcel Energy Inc. has a 1-year low of $60.66 and a 1-year high of $74.57. The company has a quick ratio of 0.85, a current ratio of 0.96 and a debt-to-equity ratio of 1.48. The stock has a fifty day moving average price of $70.80 and a 200-day moving average price of $69.90.
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 for the quarter, topping the consensus estimate of $0.66 by $0.09. Xcel Energy had a net margin of 14.85% and a return on equity of 10.52%. The company had revenue of $3.29 billion during the quarter, compared to analyst estimates of $3.31 billion. During the same quarter last year, the business posted $0.54 earnings per share. The company's 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. Research analysts forecast that Xcel Energy Inc. will post 3.82 EPS for the current year.
Xcel Energy Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 20th. Shareholders of record on Monday, September 15th will be paid a $0.57 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $2.28 dividend on an annualized basis and a yield of 3.2%. Xcel Energy's payout ratio is currently 63.16%.
About Xcel Energy
(
Free Report)
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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