DRW Securities LLC Decreases Holdings in Xcel Energy Inc. $XEL

Key Points

• DRW Securities LLC has significantly reduced its holdings in Xcel Energy, cutting its stake by 98.2% and owning only 3,200 shares after selling 170,400 shares in the first quarter.
• Despite the reduction in Xcel Energy's shares by DRW, other investors such as Baird Financial Group and Vident Advisory have increased their positions, showcasing mixed sentiments in the investment community.
• Xcel Energy announced a quarterly dividend of $0.57 per share, reflecting an annualized dividend yield of 3.1%, with a dividend payout ratio of 63.16%.

DRW Securities LLC lessened its position in shares of Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 98.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,200 shares of the company's stock after selling 170,400 shares during the period. DRW Securities LLC's holdings in Xcel Energy were worth $227,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Conning Inc. lifted its position in shares of Xcel Energy by 4.1% during the 1st quarter. Conning Inc. now owns 4,400 shares of the company's stock valued at $311,000 after buying an additional 172 shares during the last quarter. Redhawk Wealth Advisors Inc. lifted its position in shares of Xcel Energy by 4.3% during the 1st quarter. Redhawk Wealth Advisors Inc. now owns 4,406 shares of the company's stock valued at $312,000 after buying an additional 182 shares during the last quarter. Benjamin Edwards Inc. lifted its position in shares of Xcel Energy by 1.1% during the 4th quarter. Benjamin Edwards Inc. now owns 16,605 shares of the company's stock valued at $1,121,000 after buying an additional 183 shares during the last quarter. First Horizon Advisors Inc. lifted its position in shares of Xcel Energy by 3.1% during the 1st quarter. First Horizon Advisors Inc. now owns 5,998 shares of the company's stock valued at $425,000 after buying an additional 183 shares during the last quarter. Finally, First National Advisers LLC lifted its position in shares of Xcel Energy by 0.5% during the 1st quarter. First National Advisers LLC now owns 33,930 shares of the company's stock valued at $2,401,000 after buying an additional 183 shares during the last quarter. Hedge funds and other institutional investors own 78.38% of the company's stock.

Wall Street Analyst Weigh In

XEL has been the topic of a number of recent research reports. Wall Street Zen cut Xcel Energy from a "hold" rating to a "sell" rating in a research report on Tuesday, May 20th. Morgan Stanley reissued an "outperform" rating on shares of Xcel Energy in a report on Thursday, August 21st. Finally, Mizuho increased their price objective on Xcel Energy from $74.00 to $78.00 and gave the stock an "outperform" rating in a report on Friday, August 1st. Eight equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Xcel Energy has a consensus rating of "Moderate Buy" and an average price target of $76.80.

Xcel Energy Price Performance

Shares of NASDAQ:XEL traded up $0.44 on Friday, hitting $72.68. The company's stock had a trading volume of 6,225,935 shares, compared to its average volume of 3,376,788. The company has a 50-day simple moving average of $71.49 and a 200 day simple moving average of $70.12. Xcel Energy Inc. has a 1 year low of $62.12 and a 1 year high of $74.57. The company has a market capitalization of $42.99 billion, a PE ratio of 20.13, a PEG ratio of 2.43 and a beta of 0.35. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.96 and a quick ratio of 0.85.

Xcel Energy (NASDAQ:XEL - Get Free Report) last released its quarterly 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 return on equity of 10.52% and a net margin of 14.85%.The firm had revenue of $3.29 billion for the quarter, compared to analysts' expectations of $3.31 billion. During the same quarter last year, the firm posted $0.54 EPS. The company's 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. Sell-side analysts forecast that Xcel Energy Inc. will post 3.82 EPS for the current fiscal year.

Xcel Energy Dividend Announcement

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 issued a $0.57 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $2.28 annualized dividend and a dividend yield of 3.1%. Xcel Energy's dividend payout ratio (DPR) is presently 63.16%.

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.