M.E. Allison & CO. Inc. Takes $259,000 Position in Xcel Energy Inc. $XEL

Key Points

• M.E. Allison & CO. Inc. acquired a stake in Xcel Energy Inc. worth approximately $259,000, purchasing 3,800 shares in the second quarter.
• Institutional investors own 78.38% of Xcel Energy's stock, with several firms increasing their positions, including a 31.0% increase by Price T Rowe Associates Inc. during the first quarter.
• Analysts have set an average target price of $81.91 for Xcel Energy, with nine analysts rating the stock as a Buy and three as a Hold.

M.E. Allison & CO. Inc. acquired a new stake in Xcel Energy Inc. (NASDAQ:XEL - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 3,800 shares of the company's stock, valued at approximately $259,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in XEL. Price T Rowe Associates Inc. MD raised its position in Xcel Energy by 31.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 25,809,978 shares of the company's stock worth $1,827,090,000 after acquiring an additional 6,109,190 shares during the last quarter. Nuveen LLC acquired a new position in shares of Xcel Energy in the first quarter valued at approximately $155,510,000. JPMorgan Chase & Co. raised its position in shares of Xcel Energy by 7.9% in the first quarter. JPMorgan Chase & Co. now owns 20,811,241 shares of the company's stock valued at $1,473,228,000 after buying an additional 1,520,092 shares during the last quarter. Vanguard Group Inc. increased its position in Xcel Energy by 1.3% during the first quarter. Vanguard Group Inc. now owns 74,818,158 shares of the company's stock worth $5,296,377,000 after purchasing an additional 986,170 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its position in Xcel Energy by 5,894.2% during the second quarter. Assenagon Asset Management S.A. now owns 998,507 shares of the company's stock worth $67,998,000 after purchasing an additional 981,849 shares during the last quarter. Institutional investors and hedge funds own 78.38% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. UBS Group upped their price target on shares of Xcel Energy from $82.00 to $84.00 and gave the stock a "neutral" rating in a research report on Friday. Morgan Stanley dropped their price objective on shares of Xcel Energy from $81.00 to $80.00 and set an "equal weight" rating for the company in a research report on Thursday, September 25th. BMO Capital Markets set a $84.00 price objective on shares of Xcel Energy in a research report on Thursday, September 25th. Bank of America increased their price objective on shares of Xcel Energy from $78.00 to $84.00 and gave the stock a "buy" rating in a research report on Thursday, September 25th. Finally, Evercore ISI assumed coverage on shares of Xcel Energy in a research report on Monday, October 6th. They issued an "outperform" rating and a $92.00 price objective for the company. Nine investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $81.91.

Xcel Energy Trading Down 0.4%

NASDAQ XEL opened at $80.93 on Monday. The company's fifty day moving average price is $74.65 and its two-hundred day moving average price is $71.33. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.96 and a quick ratio of 0.85. Xcel Energy Inc. has a 12 month low of $62.12 and a 12 month high of $82.54. The company has a market capitalization of $47.86 billion, a price-to-earnings ratio of 22.42, a price-to-earnings-growth ratio of 2.72 and a beta of 0.37.

Xcel Energy (NASDAQ:XEL - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.75 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.66 by $0.09. The company had revenue of $3.29 billion for the quarter, compared to the consensus estimate of $3.31 billion. Xcel Energy had a net margin of 14.85% and a return on equity of 10.52%. The company's revenue for the quarter was up 8.6% on a year-over-year basis. During the same period last year, the firm posted $0.54 EPS. Xcel Energy has set its FY 2025 guidance at 3.750-3.850 EPS. As a group, research analysts predict that Xcel Energy Inc. will post 3.82 earnings per share for the current fiscal year.

Xcel Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 20th. Stockholders of record on Monday, September 15th will be paid a $0.57 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $2.28 annualized dividend and a dividend yield of 2.8%. Xcel Energy's payout ratio is currently 63.16%.

Xcel Energy Company 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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