Xcel Energy Inc. $XEL Shares Sold by Korea Investment CORP

Key Points

• Korea Investment Corp has reduced its holdings in Xcel Energy Inc by 3.9%, now owning approximately 454,373 shares valued at $32.17 million as of its recent SEC filing.
• Several institutional investors, including Northern Trust Corp and Cresset Asset Management LLC, have increased their stakes in Xcel Energy, indicating ongoing interest in the stock.
• Equities research analysts have set target prices for Xcel Energy shares ranging from $73.00 to $78.00, with a consensus rating of "Moderate Buy" and an average target price of $76.00.

Korea Investment CORP decreased its stake in shares of Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 3.9% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 454,373 shares of the company's stock after selling 18,372 shares during the period. Korea Investment CORP owned 0.08% of Xcel Energy worth $32,165,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Accent Capital Management LLC purchased a new stake in shares of Xcel Energy in the first quarter valued at $29,000. BankPlus Trust Department purchased a new stake in Xcel Energy during the first quarter valued at about $34,000. Rossby Financial LCC purchased a new stake in Xcel Energy during the first quarter valued at about $50,000. Itau Unibanco Holding S.A. purchased a new stake in Xcel Energy during the fourth quarter valued at about $52,000. Finally, Alpine Bank Wealth Management purchased a new stake in Xcel Energy during the first quarter valued at about $53,000. Hedge funds and other institutional investors own 78.38% of the company's stock.

Xcel Energy Stock Performance

Shares of Xcel Energy stock traded up $1.10 on Friday, reaching $74.26. 3,374,345 shares of the company were exchanged, compared to its average volume of 3,809,564. 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's 50-day moving average is $70.40 and its two-hundred day moving average is $69.79. The firm has a market cap of $43.92 billion, a price-to-earnings ratio of 20.57, a P/E/G ratio of 2.46 and a beta of 0.34. Xcel Energy Inc. has a 1-year low of $59.91 and a 1-year 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, topping 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 return on equity of 10.52% and a net margin of 14.85%.The business's quarterly revenue was up 8.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.54 EPS. Xcel Energy has set its FY 2025 guidance at 3.750-3.850 EPS. As a group, research analysts expect that Xcel Energy Inc. will post 3.82 earnings per share 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. Investors of record on Monday, September 15th will be given a $0.57 dividend. This represents a $2.28 annualized dividend 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%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on XEL shares. Wall Street Zen downgraded Xcel Energy from a "hold" rating to a "sell" rating in a research report on Tuesday, May 20th. Morgan Stanley decreased their target price on Xcel Energy from $78.00 to $77.00 and set an "equal weight" rating for the company in a research report on Wednesday, June 18th. Wells Fargo & Company set a $78.00 target price on Xcel Energy and gave the stock an "overweight" rating in a research report on Friday, April 25th. Mizuho upped their target price on Xcel Energy from $74.00 to $78.00 and gave the stock an "outperform" rating in a research report on Friday, August 1st. Finally, Evercore ISI upped their target price on Xcel Energy from $74.00 to $77.00 and gave the stock an "outperform" rating in a research report on Monday, April 28th. Eight analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Xcel Energy has an average rating of "Moderate Buy" and an average price target of $76.00.

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.