Chevy Chase Trust Holdings LLC Purchases 3,429 Shares of Xcel Energy Inc. $XEL

Key Points

• Chevy Chase Trust Holdings LLC increased its stake in Xcel Energy Inc. by 1.1%, acquiring an additional 3,429 shares in the second quarter, bringing their total ownership to approximately $20.8 million.
• Xcel Energy's recent earnings report showed an EPS of $0.75, surpassing estimates, with revenue increasing 8.6% year-over-year despite marginally missing the consensus revenue estimate.
• The company declared a quarterly dividend of $0.57 per share, resulting in an annualized yield of 2.8%, with a payout ratio of 63.16%.

Chevy Chase Trust Holdings LLC increased its position in Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 1.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 306,105 shares of the company's stock after acquiring an additional 3,429 shares during the quarter. Chevy Chase Trust Holdings LLC owned about 0.05% of Xcel Energy worth $20,846,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Accent Capital Management LLC bought a new position in shares of Xcel Energy in the first quarter valued at approximately $29,000. BankPlus Trust Department bought a new position in shares of Xcel Energy in the first quarter valued at approximately $34,000. Rise Advisors LLC boosted its position in shares of Xcel Energy by 62.9% in the second quarter. Rise Advisors LLC now owns 518 shares of the company's stock valued at $35,000 after acquiring an additional 200 shares during the period. Marshall & Sullivan Inc. WA bought a new position in shares of Xcel Energy in the second quarter valued at approximately $44,000. Finally, RMG Wealth Management LLC bought a new position in shares of Xcel Energy in the second quarter valued at approximately $46,000. 78.38% of the stock is currently owned by institutional investors.

Xcel Energy Trading Up 0.1%

XEL stock opened at $81.16 on Friday. The company has a market capitalization of $48.00 billion, a PE ratio of 22.48, a price-to-earnings-growth ratio of 2.86 and a beta of 0.37. Xcel Energy Inc. has a one year low of $62.58 and a one year high of $83.01. The company's 50 day moving average price is $75.40 and its two-hundred day moving average price is $71.69. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.85 and a current ratio of 0.96.

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, topping the consensus estimate of $0.66 by $0.09. The firm had revenue of $3.29 billion for the quarter, compared to the consensus estimate of $3.31 billion. Xcel Energy had a net margin of 14.85% and a return on equity of 10.52%. The business's revenue was up 8.6% compared to the same quarter last year. During the same period last year, the firm posted $0.54 earnings per share. Xcel Energy has set its FY 2025 guidance at 3.750-3.850 EPS. As a group, analysts predict that Xcel Energy Inc. will post 3.82 earnings per share for the current fiscal year.

Xcel Energy Announces Dividend

The firm 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. The ex-dividend date of this dividend is Monday, September 15th. This represents a $2.28 annualized dividend and a dividend yield of 2.8%. Xcel Energy's dividend payout ratio (DPR) is 63.16%.

Wall Street Analyst Weigh In

XEL has been the subject of a number of analyst reports. KeyCorp raised their price objective on shares of Xcel Energy from $79.00 to $85.00 and gave the company an "overweight" rating in a research report on Wednesday. Barclays lifted their target price on shares of Xcel Energy from $72.00 to $81.00 and gave the company an "overweight" rating in a research report on Monday, September 29th. TD Cowen assumed coverage on shares of Xcel Energy in a research report on Thursday. They set a "buy" rating and a $93.00 target price for the company. Morgan Stanley dropped their target price on shares of Xcel Energy from $81.00 to $80.00 and set an "equal weight" rating for the company in a research report on Thursday, September 25th. Finally, BMO Capital Markets lifted their target price on shares of Xcel Energy from $84.00 to $87.00 and gave the company an "outperform" rating in a research report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $84.92.

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.

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