Focus Partners Wealth Boosts Stake in Xcel Energy Inc. $XEL

Key Points

• Focus Partners Wealth increased its stake in Xcel Energy Inc. by 13.5%, acquiring an additional 7,465 shares, bringing their total holdings to 62,862 shares valued at approximately $4.45 million.
• Xcel Energy recently announced a quarterly dividend of $0.57 per share, with a dividend yield of 3.1% and a payout ratio of 63.16%.
• Xcel Energy's stock has a consensus rating of "Moderate Buy" from analysts, with an average target price of $76.80, following a recent earnings report that exceeded expectations.

Focus Partners Wealth boosted its stake in shares of Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 13.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 62,862 shares of the company's stock after buying an additional 7,465 shares during the quarter. Focus Partners Wealth's holdings in Xcel Energy were worth $4,450,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Integrity Alliance LLC. purchased a new position in shares of Xcel Energy in the first quarter valued at approximately $274,000. Ransom Advisory Ltd purchased a new stake in shares of Xcel Energy during the 1st quarter worth approximately $50,000. Glenview Trust co raised its position in Xcel Energy by 19.1% in the 1st quarter. Glenview Trust co now owns 8,538 shares of the company's stock valued at $604,000 after purchasing an additional 1,370 shares during the last quarter. Ilmarinen Mutual Pension Insurance Co increased its stake in Xcel Energy by 7.4% in the 1st quarter. Ilmarinen Mutual Pension Insurance Co now owns 167,000 shares of the company's stock valued at $11,822,000 after buying an additional 11,500 shares during the period. Finally, SageView Advisory Group LLC grew its stake in Xcel Energy by 27.1% in the 1st quarter. SageView Advisory Group LLC now owns 5,022 shares of the company's stock valued at $356,000 after acquiring an additional 1,071 shares during the last quarter. Hedge funds and other institutional investors own 78.38% of the company's stock.

Xcel Energy Stock Performance

Shares of XEL stock traded down $0.94 during trading on Tuesday, hitting $72.11. The company's stock had a trading volume of 3,173,513 shares, compared to its average volume of 4,148,415. The company has a market cap of $42.65 billion, a PE ratio of 19.98, a P/E/G ratio of 2.46 and a beta of 0.35. 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 business has a fifty day moving average of $72.02 and a 200-day moving average of $70.21. Xcel Energy Inc. has a 52 week low of $62.12 and a 52 week high of $74.57.

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, 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 period in the prior year, the business posted $0.54 earnings per share. The company's revenue was up 8.6% on a year-over-year basis. Xcel Energy has set its FY 2025 guidance at 3.750-3.850 EPS. As a group, research analysts anticipate that Xcel Energy Inc. will post 3.82 earnings per share for the current year.

Xcel Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, October 20th. Shareholders of record on Monday, September 15th will be paid a dividend of $0.57 per share. The ex-dividend date is Monday, September 15th. This represents a $2.28 dividend on an annualized basis and a yield of 3.2%. Xcel Energy's payout ratio is currently 63.16%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Mizuho lifted their price objective on shares of Xcel Energy from $74.00 to $78.00 and gave the company an "outperform" rating in a research note on Friday, August 1st. Wall Street Zen lowered Xcel Energy from a "hold" rating to a "sell" rating in a report on Tuesday, May 20th. Finally, Morgan Stanley reiterated an "outperform" rating on shares of Xcel Energy in a research report on Thursday, August 21st. Eight equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $76.80.

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.