Dimensional Fund Advisors LP Purchases 22,567 Shares of Xcel Energy Inc. $XEL

Key Points

• Dimensional Fund Advisors LP increased its stake in Xcel Energy Inc. by 1.2% during the first quarter, owning approximately 1.94 million shares valued at $137.27 million.
• Wall Street analysts have mixed views on Xcel Energy, with eight analysts rating it a Buy, three as Hold, and several adjusting target prices—Mizuho raising it to $78.00.
• Xcel Energy recently announced a quarterly dividend of $0.57, which equates to an annual yield of 3.1%, with the payment scheduled for October 20th.

Dimensional Fund Advisors LP increased its position in Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 1.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,939,354 shares of the company's stock after buying an additional 22,567 shares during the quarter. Dimensional Fund Advisors LP owned 0.34% of Xcel Energy worth $137,273,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Accent Capital Management LLC purchased a new position in shares of Xcel Energy in the first quarter worth $29,000. BankPlus Trust Department bought a new stake in Xcel Energy in the first quarter valued at $34,000. Rossby Financial LCC bought a new stake in Xcel Energy in the first quarter valued at $50,000. Itau Unibanco Holding S.A. bought a new stake in Xcel Energy in the fourth quarter valued at $52,000. Finally, Alpine Bank Wealth Management bought a new stake in Xcel Energy in the first quarter valued at $53,000. 78.38% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Xcel Energy Stock Down 1.7%

Shares of XEL stock traded down $1.23 during mid-day trading on Monday, reaching $73.03. 2,250,128 shares of the company's stock traded hands, compared to its average volume of 3,648,756. Xcel Energy Inc. has a 12 month low of $60.53 and a 12 month high of $74.57. The company has a market cap of $43.19 billion, a P/E ratio of 20.23, a P/E/G ratio of 2.50 and a beta of 0.34. The company has a quick ratio of 0.85, a current ratio of 0.96 and a debt-to-equity ratio of 1.48. The company's 50-day moving average price is $70.40 and its 200-day moving average price is $69.82.

Xcel Energy (NASDAQ:XEL - Get Free Report) last announced its 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. The firm had revenue of $3.29 billion for the quarter, compared to analysts' expectations of $3.31 billion. Xcel Energy had a net margin of 14.85% and a return on equity of 10.52%. The company's quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.54 EPS. Xcel Energy has set its FY 2025 guidance at 3.750-3.850 EPS. On average, equities analysts expect 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 paid a $0.57 dividend. The ex-dividend date is Monday, September 15th. This represents a $2.28 dividend on an annualized basis and a yield of 3.1%. Xcel Energy's payout ratio is presently 63.16%.

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.