Concentric Capital Strategies LP Acquires Shares of 6,024 Xcel Energy Inc. $XEL

Key Points

• Concentric Capital Strategies LP has acquired a new stake in Xcel Energy Inc., purchasing 6,024 shares valued at approximately $426,000.
• Multiple institutional investors, including Price T Rowe Associates and Zimmer Partners, have significantly increased their holdings in Xcel Energy, contributing to a total of 78.38% institutional ownership.
• Xcel Energy recently reported earnings of $0.75 per share for the last quarter, exceeding expectations, and also announced a quarterly dividend of $0.57 per share, yielding 3.2% annually.

Concentric Capital Strategies LP bought a new stake in shares of Xcel Energy Inc. (NASDAQ:XEL - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 6,024 shares of the company's stock, valued at approximately $426,000.

Other institutional investors have also added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD increased its holdings in shares of Xcel Energy by 31.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 25,809,978 shares of the company's stock valued at $1,827,090,000 after acquiring an additional 6,109,190 shares in the last quarter. Zimmer Partners LP grew its position in Xcel Energy by 1,625.7% during the 4th quarter. Zimmer Partners LP now owns 3,667,200 shares of the company's stock worth $247,609,000 after purchasing an additional 3,454,700 shares during the last quarter. Janus Henderson Group PLC grew its position in Xcel Energy by 379.3% during the 4th quarter. Janus Henderson Group PLC now owns 4,022,085 shares of the company's stock worth $271,578,000 after purchasing an additional 3,182,939 shares during the last quarter. Nuveen LLC acquired a new position in Xcel Energy during the 1st quarter valued at approximately $155,510,000. Finally, JPMorgan Chase & Co. raised its holdings in shares of Xcel Energy by 7.9% in the first quarter. JPMorgan Chase & Co. now owns 20,811,241 shares of the company's stock worth $1,473,228,000 after buying an additional 1,520,092 shares during the last quarter. Institutional investors and hedge funds own 78.38% of the company's stock.

Xcel Energy Stock Performance

Xcel Energy stock traded up $0.27 during mid-day trading on Tuesday, hitting $72.02. The company had a trading volume of 5,425,511 shares, compared to its average volume of 3,685,787. 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 12-month low of $62.12 and a 12-month high of $74.57. The company's fifty day moving average is $71.56 and its 200-day moving average is $70.14. The company has a market capitalization of $42.59 billion, a price-to-earnings ratio of 19.95, a P/E/G ratio of 2.45 and a beta of 0.35.

Xcel Energy (NASDAQ:XEL - Get Free Report) last posted its earnings results on Thursday, July 31st. The company reported $0.75 earnings per share for the quarter, beating 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 firm had revenue of $3.29 billion during the quarter, compared to analyst estimates of $3.31 billion. During the same period in the previous year, the firm earned $0.54 EPS. The business's quarterly 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. Equities research analysts predict that Xcel Energy Inc. will post 3.82 EPS for the current year.

Xcel Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 20th. Shareholders of record on Monday, September 15th will be given a $0.57 dividend. The ex-dividend date is Monday, September 15th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 3.2%. Xcel Energy's dividend payout ratio is 63.16%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Wall Street Zen lowered shares of Xcel Energy from a "hold" rating to a "sell" rating in a report on Tuesday, May 20th. Mizuho boosted their price target on Xcel Energy from $74.00 to $78.00 and gave the company an "outperform" rating in a research note on Friday, August 1st. Finally, Morgan Stanley restated an "outperform" rating on shares of Xcel Energy in a research note on Thursday, August 21st. Eight equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Xcel Energy currently has a consensus rating of "Moderate Buy" and a consensus target price of $76.80.

Xcel Energy 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.