Ilmarinen Mutual Pension Insurance Co Buys 11,500 Shares of Xcel Energy Inc. $XEL

Key Points

• Ilmarinen Mutual Pension Insurance Co increased its stake in Xcel Energy Inc. by 7.4%, acquiring an additional 11,500 shares for a total holding valued at approximately $11.82 million.
• Analyst ratings for Xcel Energy indicate a consensus rating of "Moderate Buy", with the average target price set at $76.80.
• Xcel Energy recently announced a quarterly dividend of $0.57 per share, resulting in an annualized dividend yield of 3.2%.

Ilmarinen Mutual Pension Insurance Co raised its stake in Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 7.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 167,000 shares of the company's stock after acquiring an additional 11,500 shares during the quarter. Ilmarinen Mutual Pension Insurance Co's holdings in Xcel Energy were worth $11,822,000 at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on XEL. Morgan Stanley reiterated an "outperform" rating on shares of Xcel Energy in a research report on Thursday, August 21st. 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 research report on Friday, August 1st. Finally, Wall Street Zen downgraded shares of Xcel Energy from a "hold" rating to a "sell" rating in a research report on Tuesday, May 20th. Eight research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $76.80.

Xcel Energy Price Performance

NASDAQ:XEL traded up $0.50 during mid-day trading on Friday, reaching $73.35. The stock had a trading volume of 7,080,569 shares, compared to its average volume of 4,201,873. The stock has a 50-day simple moving average of $71.92 and a two-hundred day simple moving average of $70.21. The stock has a market capitalization of $43.38 billion, a PE ratio of 20.32, a P/E/G ratio of 2.45 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 Inc. has a 12 month low of $62.12 and a 12 month high of $74.57.

Xcel Energy (NASDAQ:XEL - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The company reported $0.75 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 net margin of 14.85% and a return on equity of 10.52%. The firm's quarterly revenue was up 8.6% compared to the same quarter last year. During the same period last year, the firm posted $0.54 earnings per share. Xcel Energy has set its FY 2025 guidance at 3.750-3.850 EPS. On average, equities 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. 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 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.