Cookson Peirce & Co. Inc. Purchases 3,903 Shares of Xcel Energy Inc. $XEL

Key Points

• Cookson Peirce & Co. Inc. increased its stake in Xcel Energy Inc. by 24.1%, acquiring an additional 3,903 shares, bringing total holdings to 20,093 shares valued at approximately $1.37 million.
• Xcel Energy reported earnings of $0.75 per share for the latest quarter, surpassing analyst estimates, while revenue was $3.29 billion, slightly below expectations.
• The company declared a quarterly dividend of $0.57 per share, equating to an annualized yield of 2.8% with a payout ratio of 63.16%.

Cookson Peirce & Co. Inc. raised its position in shares of Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 24.1% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 20,093 shares of the company's stock after purchasing an additional 3,903 shares during the quarter. Cookson Peirce & Co. Inc.'s holdings in Xcel Energy were worth $1,368,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Accent Capital Management LLC bought a new stake in Xcel Energy during the 1st quarter valued at about $29,000. BankPlus Trust Department bought a new stake in Xcel Energy during the 1st quarter valued at about $34,000. Rise Advisors LLC increased its stake in Xcel Energy by 62.9% during the 2nd quarter. Rise Advisors LLC now owns 518 shares of the company's stock valued at $35,000 after purchasing an additional 200 shares in the last quarter. Marshall & Sullivan Inc. WA bought a new stake in shares of Xcel Energy in the second quarter worth approximately $44,000. Finally, RMG Wealth Management LLC bought a new stake in shares of Xcel Energy in the second quarter worth approximately $46,000. 78.38% of the stock is currently owned by institutional investors.

Xcel Energy Stock Performance

Shares of NASDAQ XEL opened at $80.69 on Thursday. The firm has a 50 day moving average of $75.89 and a 200 day moving average of $71.90. 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 $47.72 billion, a price-to-earnings ratio of 22.35, a price-to-earnings-growth ratio of 2.84 and a beta of 0.37. Xcel Energy Inc. has a 12-month low of $62.58 and a 12-month high of $83.01.

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

Xcel Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, October 20th. Shareholders of record on Monday, September 15th were issued a dividend of $0.57 per share. The ex-dividend date of this dividend was Monday, September 15th. This represents a $2.28 annualized dividend and a yield of 2.8%. Xcel Energy's payout ratio is currently 63.16%.

Analyst Ratings Changes

XEL has been the subject of a number of research analyst reports. Jefferies Financial Group lifted their price target on shares of Xcel Energy from $84.00 to $92.00 and gave the stock a "buy" rating in a research note on Thursday, October 16th. Weiss Ratings reiterated a "hold (c+)" rating on shares of Xcel Energy in a research note on Wednesday, October 8th. TD Cowen initiated coverage on shares of Xcel Energy in a research note on Thursday, October 16th. They issued a "buy" rating and a $93.00 price target for the company. Barclays lifted their price target on shares of Xcel Energy from $72.00 to $81.00 and gave the stock an "overweight" rating in a research note on Monday, September 29th. Finally, BTIG Research initiated coverage on shares of Xcel Energy in a research note on Tuesday. They issued a "buy" rating and a $96.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $86.23.

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.

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