Nissay Asset Management Corp Japan ADV Grows Stock Position in Xcel Energy Inc. $XEL

Key Points

• Nissay Asset Management Corp Japan ADV increased its stake in Xcel Energy Inc. by 9.5%, owning 223,039 shares worth approximately $15.79 million as of the latest SEC filing.
• Xcel Energy recently announced a quarterly dividend of $0.57 per share, with a yield of 3.1%, and a payout ratio of 63.16%.
• The company reported $0.75 EPS for the last quarter, exceeding analysts' expectations, and set FY 2025 guidance at $3.750-$3.850 EPS.

Nissay Asset Management Corp Japan ADV increased its holdings in Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 9.5% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 223,039 shares of the company's stock after buying an additional 19,263 shares during the period. Nissay Asset Management Corp Japan ADV's holdings in Xcel Energy were worth $15,789,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. raised its position in shares of Xcel Energy by 1.3% in the first quarter. Vanguard Group Inc. now owns 74,818,158 shares of the company's stock worth $5,296,377,000 after buying an additional 986,170 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Xcel Energy by 31.0% in 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 buying an additional 6,109,190 shares in the last quarter. 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 worth $1,473,228,000 after buying an additional 1,520,092 shares in the last quarter. Northern Trust Corp raised its position in shares of Xcel Energy by 5.8% in the first quarter. Northern Trust Corp now owns 5,967,952 shares of the company's stock worth $422,471,000 after buying an additional 328,845 shares in the last quarter. Finally, Invesco Ltd. raised its position in shares of Xcel Energy by 0.6% in the first quarter. Invesco Ltd. now owns 5,711,917 shares of the company's stock worth $404,347,000 after buying an additional 33,469 shares in the last quarter. Hedge funds and other institutional investors own 78.38% of the company's stock.

Wall Street Analyst Weigh In

XEL has been the topic of a number of recent analyst reports. Morgan Stanley reiterated an "outperform" rating on shares of Xcel Energy in a research report on Thursday, August 21st. Mizuho increased their price objective 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, Wall Street Zen downgraded Xcel Energy from a "hold" rating to a "sell" rating in a research report on Tuesday, May 20th. Eight analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $76.80.

Xcel Energy Price Performance

NASDAQ XEL traded down $0.93 during trading hours on Monday, reaching $71.75. 6,050,899 shares of the stock traded hands, compared to its average volume of 3,521,642. The stock has a 50 day simple moving average of $71.56 and a two-hundred day simple moving average of $70.14. Xcel Energy Inc. has a 1 year low of $62.12 and a 1 year high of $74.57. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.96 and a quick ratio of 0.85. The company has a market cap of $42.44 billion, a price-to-earnings ratio of 19.88, a price-to-earnings-growth ratio of 2.45 and a beta of 0.35.

Xcel Energy (NASDAQ:XEL - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The company reported $0.75 EPS for the quarter, topping the consensus estimate of $0.66 by $0.09. The firm had revenue of $3.29 billion for 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 company's quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.54 earnings per share. Xcel Energy has set its FY 2025 guidance at 3.750-3.850 EPS. On average, analysts predict that Xcel Energy Inc. will post 3.82 EPS for the current fiscal year.

Xcel Energy Announces Dividend

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

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.