Jefferies Financial Group Inc. lifted its holdings in shares of Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 615.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 140,288 shares of the company's stock after acquiring an additional 120,668 shares during the period. Jefferies Financial Group Inc.'s holdings in Xcel Energy were worth $9,931,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of the business. Nicolet Advisory Services LLC lifted its holdings in shares of Xcel Energy by 9.8% during the first quarter. Nicolet Advisory Services LLC now owns 8,140 shares of the company's stock worth $557,000 after purchasing an additional 727 shares during the period. Coastal Bridge Advisors LLC acquired a new stake in shares of Xcel Energy during the first quarter worth $249,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new stake in shares of Xcel Energy during the first quarter worth $1,769,000. Sound View Wealth Advisors Group LLC lifted its holdings in shares of Xcel Energy by 7.8% during the first quarter. Sound View Wealth Advisors Group LLC now owns 16,836 shares of the company's stock worth $1,192,000 after purchasing an additional 1,218 shares during the period. Finally, Natixis Advisors LLC lifted its holdings in shares of Xcel Energy by 53.8% during the first quarter. Natixis Advisors LLC now owns 279,146 shares of the company's stock worth $19,761,000 after purchasing an additional 97,651 shares during the period. 78.38% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of equities research analysts have commented on XEL shares. Evercore ISI raised their target price on Xcel Energy from $74.00 to $77.00 and gave the company an "outperform" rating in a report on Monday, April 28th. Mizuho raised their target price on Xcel Energy from $74.00 to $78.00 and gave the company an "outperform" rating in a report on Friday. Morgan Stanley reduced their target price on Xcel Energy from $78.00 to $77.00 and set an "equal weight" rating for the company in a report on Wednesday, June 18th. Wall Street Zen downgraded Xcel Energy from a "hold" rating to a "sell" rating in a report on Tuesday, May 20th. Finally, BMO Capital Markets raised their target price on Xcel Energy from $69.00 to $73.00 and gave the company a "market perform" rating in a report on Wednesday, April 23rd. One analyst has rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, Xcel Energy has an average rating of "Moderate Buy" and a consensus target price of $76.00.
Read Our Latest Research Report on Xcel Energy
Xcel Energy Price Performance
Xcel Energy stock traded up $0.03 during midday trading on Friday, reaching $73.47. 4,004,104 shares of the company were exchanged, compared to its average volume of 2,782,631. The company has a market capitalization of $42.37 billion, a price-to-earnings ratio of 20.35, a P/E/G ratio of 2.47 and a beta of 0.34. The firm's 50-day simple moving average is $69.18 and its 200-day simple moving average is $69.14. Xcel Energy Inc. has a 1 year low of $57.24 and a 1 year high of $74.13. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.70 and a current ratio of 0.80.
Xcel Energy (NASDAQ:XEL - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The company reported $0.75 EPS for the quarter, topping analysts' consensus estimates of $0.66 by $0.09. The firm had revenue of $3.29 billion during the quarter, compared to analysts' expectations of $3.31 billion. Xcel Energy had a return on equity of 10.71% and a net margin of 14.85%. The firm's quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.54 EPS. On average, analysts anticipate that Xcel Energy Inc. will post 3.82 EPS for the current year.
Xcel Energy Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 20th. Investors of record on Monday, September 15th will be given a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date is Monday, September 15th. Xcel Energy's dividend payout ratio (DPR) is currently 63.16%.
About Xcel Energy
(
Free Report)
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.
Further Reading
Before you consider Xcel Energy, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Xcel Energy wasn't on the list.
While Xcel Energy currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Summer 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
