Kettle Hill Capital Management LLC Takes Position in Xcel Energy Inc. $XEL

Key Points

• Kettle Hill Capital Management LLC purchased 158,507 shares of Xcel Energy Inc., valued at approximately $11,221,000, making it the firm's 16th largest position.
• Xcel Energy recently announced a quarterly dividend of $0.57 per share, translating to an annual yield of 3.2%, with a payout ratio of 63.16%.
• Analysts have mixed ratings for Xcel Energy, with eight analysts recommending a Buy rating and two maintaining a Hold rating, while the current consensus price target stands at $76.80.

Kettle Hill Capital Management LLC purchased a new stake in shares of Xcel Energy Inc. (NASDAQ:XEL - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 158,507 shares of the company's stock, valued at approximately $11,221,000. Xcel Energy accounts for 3.1% of Kettle Hill Capital Management LLC's holdings, making the stock its 16th biggest position.

Other institutional investors also recently added to or reduced their stakes in the company. Accent Capital Management LLC bought a new position in Xcel Energy during the first quarter valued at about $29,000. BankPlus Trust Department bought a new position in Xcel Energy during the first quarter worth about $34,000. Rossby Financial LCC bought a new position in Xcel Energy during the first quarter worth about $50,000. Alpine Bank Wealth Management bought a new position in Xcel Energy during the first quarter worth about $53,000. Finally, Cary Street Partners Investment Advisory LLC boosted its position in Xcel Energy by 36.9% during the first quarter. Cary Street Partners Investment Advisory LLC now owns 861 shares of the company's stock worth $61,000 after purchasing an additional 232 shares during the period. Institutional investors own 78.38% of the company's stock.

Wall Street Analysts Forecast Growth

XEL has been the subject of a number of research reports. Mizuho increased their target price on shares of 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 shares of Xcel Energy from a "hold" rating to a "sell" rating in a report on Tuesday, May 20th. Finally, Morgan Stanley reissued an "outperform" rating on shares of Xcel Energy in a report on Thursday, August 21st. Eight research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $76.80.

Xcel Energy Stock Performance

Shares of Xcel Energy stock traded up $0.27 during trading hours on Tuesday, reaching $72.02. 5,425,511 shares of the stock traded hands, compared to its average volume of 3,685,787. The company has a 50 day moving average price of $71.56 and a 200 day moving average price of $70.14. The firm has a market capitalization of $42.59 billion, a price-to-earnings ratio of 19.95, a P/E/G ratio of 2.45 and a beta of 0.35. Xcel Energy Inc. has a one year low of $62.12 and a one year high of $74.57. The company has a quick ratio of 0.85, a current ratio of 0.96 and a debt-to-equity ratio of 1.48.

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

Xcel Energy Announces Dividend

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

About Xcel Energy

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.