Cbre Investment Management Listed Real Assets LLC Increases Stake in Xcel Energy Inc. $XEL

Key Points

• Cbre Investment Management Listed Real Assets LLC increased its stake in Xcel Energy by 33.2%, acquiring 362,519 additional shares, bringing its total ownership to 1,455,038 shares.
• Several institutional investors have boosted their holdings in Xcel Energy, with Vanguard Group Inc. raising its stake by 1.3% and Price T Rowe Associates increasing theirs by 31.0% during the first quarter.
• Xcel Energy recently announced a quarterly dividend of $0.57 per share, reflecting an annualized dividend yield of 3.1%.

Cbre Investment Management Listed Real Assets LLC boosted its stake in Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 33.2% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,455,038 shares of the company's stock after acquiring an additional 362,519 shares during the period. Xcel Energy accounts for about 1.6% of Cbre Investment Management Listed Real Assets LLC's holdings, making the stock its 18th biggest position. Cbre Investment Management Listed Real Assets LLC owned about 0.25% of Xcel Energy worth $103,002,000 as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. Accent Capital Management LLC purchased a new position in shares of Xcel Energy in the first quarter worth about $29,000. BankPlus Trust Department purchased a new position in shares of Xcel Energy in the first quarter worth about $34,000. Rossby Financial LCC purchased a new position in shares of Xcel Energy in the first quarter worth about $50,000. Alpine Bank Wealth Management purchased a new position in shares of Xcel Energy in the first quarter worth about $53,000. Finally, Itau Unibanco Holding S.A. purchased a new position in shares of Xcel Energy in the fourth quarter worth about $52,000. Hedge funds and other institutional investors own 78.38% of the company's stock.

Xcel Energy Trading Down 0.5%

Shares of XEL traded down $0.38 during mid-day trading on Thursday, reaching $72.50. The company's stock had a trading volume of 979,158 shares, compared to its average volume of 3,622,953. The stock has a market cap of $42.88 billion, a PE ratio of 20.08, a P/E/G ratio of 2.44 and a beta of 0.34. The company has a current ratio of 0.96, a quick ratio of 0.85 and a debt-to-equity ratio of 1.48. Xcel Energy Inc. has a 52 week low of $60.66 and a 52 week high of $74.57. The company's fifty day moving average price is $70.80 and its two-hundred day moving average price is $69.90.

Xcel Energy (NASDAQ:XEL - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.75 EPS for the quarter, beating 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 company had revenue of $3.29 billion during the quarter, compared to analyst estimates of $3.31 billion. During the same period in the prior year, the business posted $0.54 EPS. The firm's revenue 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. On average, analysts predict 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. Investors of record on Monday, September 15th will be issued 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 dividend payout ratio is currently 63.16%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Mizuho boosted their price objective on shares of Xcel Energy from $74.00 to $78.00 and gave the company an "outperform" rating in a research note on Friday, August 1st. Morgan Stanley reaffirmed an "outperform" rating on shares of Xcel Energy in a research note on Thursday, August 21st. Finally, Wall Street Zen cut 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 given a Hold rating to the company. Based on data from MarketBeat, Xcel Energy presently has a consensus rating of "Moderate Buy" and a consensus price target of $76.80.

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.