MBB Public Markets I LLC Makes New Investment in Xcel Energy Inc. $XEL

Key Points

• MBB Public Markets I LLC has acquired a new stake in Xcel Energy Inc., purchasing 4,529 shares valued at approximately $321,000.
• Xcel Energy reported $0.75 earnings per share for the latest quarter, surpassing analysts' estimates, while its revenue increased by 8.6% year-over-year.
• The company announced a quarterly dividend of $0.57 per share, translating to an annualized yield of 3.2%, with a payout ratio of 63.16%.

MBB Public Markets I LLC purchased a new stake in shares of Xcel Energy Inc. (NASDAQ:XEL - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 4,529 shares of the company's stock, valued at approximately $321,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Accent Capital Management LLC purchased a new position in Xcel Energy in the first quarter valued at about $29,000. BankPlus Trust Department purchased a new position in Xcel Energy in the first quarter valued at about $34,000. Rossby Financial LCC acquired a new stake in shares of Xcel Energy in the first quarter worth about $50,000. Alpine Bank Wealth Management acquired a new stake in shares of Xcel Energy in the first quarter worth about $53,000. Finally, Bell Investment Advisors Inc lifted its position in shares of Xcel Energy by 34.0% in the first quarter. Bell Investment Advisors Inc now owns 832 shares of the company's stock worth $59,000 after buying an additional 211 shares during the last quarter. Hedge funds and other institutional investors own 78.38% of the company's stock.

Xcel Energy Price Performance

XEL stock traded up $0.50 during midday trading on Friday, reaching $73.35. 7,080,569 shares of the company's stock traded hands, compared to its average volume of 4,201,873. 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 Inc. has a 1-year low of $62.12 and a 1-year high of $74.57. The company has a market cap of $43.38 billion, a price-to-earnings ratio of 20.32, a PEG ratio of 2.45 and a beta of 0.35. 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 announced its quarterly earnings data on Thursday, July 31st. The company reported $0.75 EPS for the quarter, beating analysts' consensus estimates of $0.66 by $0.09. The firm had revenue of $3.29 billion for the quarter, compared to analyst estimates 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 last year, the company earned $0.54 EPS. Xcel Energy has set its FY 2025 guidance at 3.750-3.850 EPS. On average, analysts anticipate that Xcel Energy Inc. will post 3.82 earnings per share for the current year.

Xcel Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, October 20th. Stockholders of record on Monday, September 15th will be given a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 3.1%. The ex-dividend date is Monday, September 15th. Xcel Energy's dividend payout ratio (DPR) is currently 63.16%.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Mizuho boosted their price target on Xcel Energy from $74.00 to $78.00 and gave the stock an "outperform" rating in a research report on Friday, August 1st. Morgan Stanley reaffirmed an "outperform" rating on shares of Xcel Energy in a research report on Thursday, August 21st. Finally, Wall Street Zen downgraded Xcel Energy from a "hold" rating to a "sell" rating in a research note on Tuesday, May 20th. Eight equities research 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, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $76.80.

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.