Drucker Wealth 3.0 LLC Acquires Shares of 3,907 Xcel Energy Inc. $XEL

Key Points

• Drucker Wealth 3.0 LLC acquired 3,907 shares of Xcel Energy Inc. for approximately $265,000, highlighting a growing interest in the utility sector.
• Xcel Energy's quarterly earnings surpassed expectations, reporting $0.75 earnings per share against an estimated $0.66, and generating $3.29 billion in revenue.
• A recent dividend announcement stated that Xcel Energy will pay a quarterly dividend of $0.57 per share, reflecting a dividend yield of 2.8%.

Drucker Wealth 3.0 LLC bought a new stake in Xcel Energy Inc. (NASDAQ:XEL - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 3,907 shares of the company's stock, valued at approximately $265,000.

A number of other hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in shares of Xcel Energy by 1.3% during the first quarter. Vanguard Group Inc. now owns 74,818,158 shares of the company's stock valued at $5,296,377,000 after acquiring an additional 986,170 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Xcel Energy by 31.0% in the 1st 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 purchasing an additional 6,109,190 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Xcel Energy by 7.9% in the 1st quarter. JPMorgan Chase & Co. now owns 20,811,241 shares of the company's stock worth $1,473,228,000 after acquiring an additional 1,520,092 shares during the last quarter. Northern Trust Corp increased its position in shares of Xcel Energy by 5.8% during the 1st quarter. Northern Trust Corp now owns 5,967,952 shares of the company's stock worth $422,471,000 after purchasing an additional 328,845 shares during the last quarter. Finally, Invesco Ltd. grew its position in Xcel Energy by 0.6% in the 1st quarter. Invesco Ltd. now owns 5,711,917 shares of the company's stock valued at $404,347,000 after acquiring an additional 33,469 shares in the last quarter. 78.38% of the stock is owned by hedge funds and other institutional investors.

Xcel Energy Price Performance

XEL opened at $80.93 on Friday. Xcel Energy Inc. has a 1 year low of $62.12 and a 1 year high of $82.54. The stock has a fifty day moving average price of $74.65 and a 200 day moving average price of $71.31. The stock has a market cap of $47.86 billion, a price-to-earnings ratio of 22.42, a PEG ratio of 2.72 and a beta of 0.37. 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 (NASDAQ:XEL - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The company reported $0.75 earnings per share for the quarter, topping analysts' consensus estimates 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 analysts' expectations of $3.31 billion. During the same quarter in the previous year, the firm earned $0.54 earnings per share. The business'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. Analysts forecast that Xcel Energy Inc. will post 3.82 EPS for the current fiscal year.

Xcel Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 20th. Investors of record on Monday, September 15th will be given a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend is Monday, September 15th. Xcel Energy's payout ratio is currently 63.16%.

Analyst Ratings Changes

XEL has been the subject of several recent analyst reports. Mizuho set a $83.00 target price on Xcel Energy in a research note on Thursday, September 25th. Bank of America upped their price objective on Xcel Energy from $78.00 to $84.00 and gave the company a "buy" rating in a research report on Thursday, September 25th. BMO Capital Markets set a $84.00 price target on Xcel Energy in a research note on Thursday, September 25th. Evercore ISI began coverage on Xcel Energy in a research note on Monday, October 6th. They issued an "outperform" rating and a $92.00 target price for the company. Finally, Barclays increased their target price on Xcel Energy from $72.00 to $81.00 and gave the stock an "overweight" rating in a report on Monday, September 29th. Nine analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Xcel Energy has a consensus rating of "Moderate Buy" and an average price target of $81.91.

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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