Canada Pension Plan Investment Board Sells 562,395 Shares of Xcel Energy Inc. $XEL

Key Points

• The Canada Pension Plan Investment Board has reduced its stake in Xcel Energy by 53.6%, holding 486,417 shares valued at approximately $34.43 million.
• Institutional investors now hold 78.38% of Xcel Energy's stock, with notable increases from firms like Bank of America and Price T Rowe Associates.
• Xcel Energy declared a quarterly dividend of $0.57 per share, reflecting a 3.1% annualized yield and a payout ratio of 63.16%.

Canada Pension Plan Investment Board lowered its position in shares of Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 53.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 486,417 shares of the company's stock after selling 562,395 shares during the quarter. Canada Pension Plan Investment Board owned about 0.08% of Xcel Energy worth $34,433,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in XEL. Accent Capital Management LLC purchased a new position in shares of Xcel Energy in the 1st quarter worth about $29,000. BankPlus Trust Department purchased a new position in shares of Xcel Energy in the 1st quarter worth about $34,000. Rossby Financial LCC purchased a new position in shares of Xcel Energy in the 1st quarter worth about $50,000. Alpine Bank Wealth Management purchased a new position in shares of Xcel Energy in the 1st quarter worth about $53,000. Finally, Cary Street Partners Investment Advisory LLC raised its position in shares of Xcel Energy by 36.9% in the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 861 shares of the company's stock worth $61,000 after purchasing an additional 232 shares during the last quarter. Hedge funds and other institutional investors own 78.38% of the company's stock.

Wall Street Analyst Weigh In

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

Xcel Energy Stock Performance

Shares of Xcel Energy stock traded up $0.29 during trading hours on Wednesday, reaching $72.43. 3,044,879 shares of the stock traded hands, compared to its average volume of 3,279,642. The company has a 50 day moving average price of $71.30 and a 200 day moving average price of $70.06. The firm has a market capitalization of $42.84 billion, a price-to-earnings ratio of 20.06, a P/E/G ratio of 2.44 and a beta of 0.35. Xcel Energy Inc. has a one year low of $62.12 and a one 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.

Xcel Energy (NASDAQ:XEL - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The company reported $0.75 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.66 by $0.09. The business had revenue of $3.29 billion during the quarter, compared to the consensus estimate of $3.31 billion. Xcel Energy had a return on equity of 10.52% and a net margin of 14.85%.The business's quarterly revenue was up 8.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.54 EPS. Xcel Energy has set its FY 2025 guidance at 3.750-3.850 EPS. On average, equities research analysts expect that Xcel Energy Inc. will post 3.82 earnings per share for the current fiscal year.

Xcel Energy Announces Dividend

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