Intech Investment Management LLC Has $4.45 Million Stock Holdings in Xcel Energy Inc. $XEL

Key Points

• Intech Investment Management LLC decreased its holdings in Xcel Energy Inc. by 29.4%, owning 62,785 shares worth approximately $4.45 million at the end of the last quarter.
• Equities analysts have mixed ratings for Xcel Energy, with eight analysts giving it a Buy rating and a new average target price set at $76.80.
• The company announced a quarterly dividend of $0.57 per share, translating to a 3.1% annual yield, with the ex-dividend date set for September 15th.

Intech Investment Management LLC decreased its position in Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 29.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 62,785 shares of the company's stock after selling 26,179 shares during the period. Intech Investment Management LLC's holdings in Xcel Energy were worth $4,445,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Focus Partners Wealth increased its holdings in Xcel Energy by 13.5% during the first quarter. Focus Partners Wealth now owns 62,862 shares of the company's stock worth $4,450,000 after buying an additional 7,465 shares during the last quarter. Integrity Alliance LLC. purchased a new position in shares of Xcel Energy in the first quarter worth $274,000. Ransom Advisory Ltd purchased a new position in Xcel Energy during the 1st quarter valued at $50,000. Glenview Trust co grew its position in shares of Xcel Energy by 19.1% in the 1st quarter. Glenview Trust co now owns 8,538 shares of the company's stock worth $604,000 after buying an additional 1,370 shares during the period. Finally, Ilmarinen Mutual Pension Insurance Co boosted 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 worth $11,822,000 after purchasing an additional 11,500 shares in the last quarter. 78.38% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have issued reports on XEL shares. Mizuho upped their target price 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 shares of Xcel Energy from a "hold" rating to a "sell" rating in a report on Tuesday, May 20th. Finally, Morgan Stanley reaffirmed an "outperform" rating on shares of Xcel Energy in a report on Thursday, August 21st. Eight analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat, Xcel Energy has an average rating of "Moderate Buy" and an average target price of $76.80.

Xcel Energy Stock Performance

Shares of Xcel Energy stock opened at $73.35 on Friday. Xcel Energy Inc. has a one year low of $62.12 and a one year high of $74.57. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.85 and a current ratio of 0.96. The company 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 50-day simple moving average of $71.92 and a two-hundred day simple moving average of $70.21.

Xcel Energy (NASDAQ:XEL - Get Free Report) last issued its earnings results on Thursday, July 31st. The company reported $0.75 EPS for the quarter, beating 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 firm had revenue of $3.29 billion for the quarter, compared to analyst estimates of $3.31 billion. During the same quarter in the prior year, the firm earned $0.54 earnings per share. Xcel Energy's revenue for the quarter was up 8.6% on a year-over-year basis. Xcel Energy has set its FY 2025 guidance at 3.750-3.850 EPS. Research analysts expect that Xcel Energy Inc. will post 3.82 EPS for the current fiscal year.

Xcel Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 20th. Stockholders of record on Monday, September 15th will be paid a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend is Monday, September 15th. Xcel Energy's dividend 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.

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