Energy Income Partners LLC Buys 32,930 Shares of Xcel Energy Inc. $XEL

Key Points

• Energy Income Partners LLC increased its stake in Xcel Energy Inc. by 3.2%, owning 1,048,712 shares worth approximately $74.24 million, making it the 25th largest holding in their portfolio.
• Xcel Energy reported a quarterly EPS of $0.75, exceeding estimates, with revenue up 8.6% year-over-year, despite slightly missing the revenue consensus.
• The company announced a quarterly dividend of $0.57 per share, with a dividend yield of 3.1% and a payout ratio of 63.16%.

Energy Income Partners LLC lifted its holdings in shares of Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 3.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,048,712 shares of the company's stock after acquiring an additional 32,930 shares during the quarter. Xcel Energy accounts for about 1.4% of Energy Income Partners LLC's holdings, making the stock its 25th largest position. Energy Income Partners LLC owned about 0.18% of Xcel Energy worth $74,238,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Conning Inc. increased its position in Xcel Energy by 4.1% in the first quarter. Conning Inc. now owns 4,400 shares of the company's stock worth $311,000 after buying an additional 172 shares during the last quarter. Redhawk Wealth Advisors Inc. increased its position in Xcel Energy by 4.3% in the first quarter. Redhawk Wealth Advisors Inc. now owns 4,406 shares of the company's stock worth $312,000 after buying an additional 182 shares during the last quarter. Benjamin Edwards Inc. increased its position in Xcel Energy by 1.1% in the fourth quarter. Benjamin Edwards Inc. now owns 16,605 shares of the company's stock worth $1,121,000 after buying an additional 183 shares during the last quarter. First Horizon Advisors Inc. increased its position in Xcel Energy by 3.1% in the first quarter. First Horizon Advisors Inc. now owns 5,998 shares of the company's stock worth $425,000 after buying an additional 183 shares during the last quarter. Finally, First National Advisers LLC increased its position in Xcel Energy by 0.5% in the first quarter. First National Advisers LLC now owns 33,930 shares of the company's stock worth $2,401,000 after buying an additional 183 shares during the last quarter. 78.38% of the stock is owned by hedge funds and other institutional investors.

Xcel Energy Trading Up 0.4%

Shares of XEL traded up $0.29 during trading hours on Wednesday, hitting $72.43. The company had a trading volume of 3,044,879 shares, compared to its average volume of 3,279,642. Xcel Energy Inc. has a 52-week low of $62.12 and a 52-week high of $74.57. The firm has a market cap of $42.84 billion, a P/E ratio of 19.83, a P/E/G ratio of 2.44 and a beta of 0.35. 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 stock's 50 day moving average price is $71.20 and its 200 day moving average price is $70.05.

Xcel Energy (NASDAQ:XEL - Get Free Report) last posted its quarterly earnings data 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. The business had revenue of $3.29 billion for the quarter, compared to analysts' expectations of $3.31 billion. Xcel Energy had a return on equity of 10.52% and a net margin of 14.85%.The business's revenue was up 8.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.54 EPS. Xcel Energy has set its FY 2025 guidance at 3.750-3.850 EPS. On average, research analysts predict that Xcel Energy Inc. will post 3.82 EPS for the current year.

Xcel Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, October 20th. Stockholders of record on Monday, September 15th will be given a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend is Monday, September 15th. Xcel Energy's payout ratio is currently 63.16%.

Analysts Set New Price Targets

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

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.