Cbre Investment Management Listed Real Assets LLC Grows Position 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 raised its holdings in Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 33.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,455,038 shares of the company's stock after acquiring an additional 362,519 shares during the period. Xcel Energy comprises 1.6% of Cbre Investment Management Listed Real Assets LLC's holdings, making the stock its 18th biggest holding. Cbre Investment Management Listed Real Assets LLC owned approximately 0.25% of Xcel Energy worth $103,002,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in XEL. Accent Capital Management LLC bought a new stake in Xcel Energy in the first quarter valued at approximately $29,000. BankPlus Trust Department acquired a new position in shares of Xcel Energy during the first quarter worth approximately $34,000. Rossby Financial LCC purchased a new stake in Xcel Energy in the 1st quarter valued at $50,000. Itau Unibanco Holding S.A. purchased a new stake in Xcel Energy in the 4th quarter valued at $52,000. Finally, Alpine Bank Wealth Management purchased a new stake in Xcel Energy in the 1st quarter valued at $53,000. 78.38% of the stock is currently owned by institutional investors.

Xcel Energy Stock Performance

Shares of XEL stock traded down $1.23 on Monday, hitting $73.03. 2,250,131 shares of the stock were exchanged, compared to its average volume of 3,840,280. The company has a current ratio of 0.96, a quick ratio of 0.85 and a debt-to-equity ratio of 1.48. The firm has a market capitalization of $43.19 billion, a PE ratio of 20.23, a P/E/G ratio of 2.50 and a beta of 0.34. Xcel Energy Inc. has a one year low of $60.53 and a one year high of $74.57. The firm's 50 day moving average is $70.53 and its two-hundred day moving average is $69.87.

Xcel Energy (NASDAQ:XEL - Get Free Report) last posted its quarterly earnings results 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 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 the consensus estimate of $3.31 billion. During the same quarter in the prior year, the company earned $0.54 EPS. The firm's quarterly 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. Sell-side analysts expect that Xcel Energy Inc. will post 3.82 earnings per share for the current fiscal year.

Xcel Energy Dividend Announcement

The business also recently announced 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 is Monday, September 15th. This represents a $2.28 annualized dividend and a yield of 3.1%. Xcel Energy's dividend payout ratio (DPR) is currently 63.16%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Morgan Stanley decreased their target price on Xcel Energy from $78.00 to $77.00 and set an "equal weight" rating for the company in a research report on Wednesday, June 18th. Evercore ISI raised their target price on Xcel Energy from $74.00 to $77.00 and gave the company an "outperform" rating in a research report on Monday, April 28th. Wall Street Zen lowered Xcel Energy from a "hold" rating to a "sell" rating in a research report on Tuesday, May 20th. Finally, Mizuho raised their target price on Xcel Energy from $74.00 to $78.00 and gave the company an "outperform" rating in a research report on Friday, August 1st. Eight investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat, Xcel Energy currently has a consensus rating of "Moderate Buy" and an average price target of $76.00.

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.