Nomura Holdings Inc. Sells 51,427 Shares of Xcel Energy Inc. $XEL

Key Points

• Nomura Holdings Inc. reduced its stake in Xcel Energy Inc. by 81.8%, selling 51,427 shares and leaving it with 11,429 shares valued at approximately $809,000.
• Price T. Rowe Associates Inc. significantly increased its holdings in Xcel Energy by 31.0%, while other institutional investors such as Zimmer Partners and Janus Henderson Group also made substantial increases to their positions.
• Xcel Energy's recent quarterly earnings report showed an EPS of $0.75, beating estimates, alongside a projected FY 2025 EPS guidance of 3.750-3.850.

Nomura Holdings Inc. lowered its stake in Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 81.8% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 11,429 shares of the company's stock after selling 51,427 shares during the quarter. Nomura Holdings Inc.'s holdings in Xcel Energy were worth $809,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of XEL. Accent Capital Management LLC acquired a new position in Xcel Energy during the first quarter worth about $29,000. BankPlus Trust Department acquired a new stake in Xcel Energy in the first quarter worth about $34,000. Rossby Financial LCC acquired a new stake in shares of Xcel Energy during the 1st quarter valued at $50,000. Alpine Bank Wealth Management acquired a new position in shares of Xcel Energy in the 1st quarter valued at about $53,000. Finally, Cary Street Partners Investment Advisory LLC lifted its position in shares of Xcel Energy by 36.9% in the first quarter. Cary Street Partners Investment Advisory LLC now owns 861 shares of the company's stock worth $61,000 after buying an additional 232 shares during the last quarter. Institutional investors and hedge funds own 78.38% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on XEL. Morgan Stanley reaffirmed an "outperform" rating on shares of Xcel Energy in a report on Thursday, August 21st. Wall Street Zen lowered Xcel Energy from a "hold" rating to a "sell" rating in a report on Tuesday, May 20th. Finally, Mizuho increased their price target on Xcel Energy from $74.00 to $78.00 and gave the stock an "outperform" rating in a report on Friday, August 1st. Eight equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $76.80.

Xcel Energy Price Performance

Xcel Energy stock traded down $1.11 during mid-day trading on Monday, reaching $71.57. 1,841,835 shares of the company's stock traded hands, compared to its average volume of 3,649,887. The company has a market cap of $42.33 billion, a price-to-earnings ratio of 19.82, a PEG ratio of 2.45 and a beta of 0.35. The stock has a 50 day moving average of $71.49 and a two-hundred day moving average of $70.13. Xcel Energy Inc. has a 12-month low of $62.12 and a 12-month 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 EPS for the quarter, beating the consensus estimate of $0.66 by $0.09. The company had revenue of $3.29 billion for the quarter, compared to analyst estimates of $3.31 billion. Xcel Energy had a net margin of 14.85% and a return on equity of 10.52%. The firm's revenue was up 8.6% on a year-over-year basis. During the same quarter last year, the business earned $0.54 earnings per share. Xcel Energy has set its FY 2025 guidance at 3.750-3.850 EPS. Equities analysts forecast that Xcel Energy Inc. will post 3.82 earnings per share for the current year.

Xcel Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, October 20th. Investors of record on Monday, September 15th will be paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date is Monday, September 15th. Xcel Energy's dividend payout ratio (DPR) is 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.