Norinchukin Bank The Purchases 12,637 Shares of Xcel Energy Inc. $XEL

Key Points

• Norinchukin Bank The increased its stake in Xcel Energy Inc. by 45.2%, reaching a total of 40,608 shares valued at approximately $2.875 million.
• Xcel Energy reported $0.75 earnings per share for the most recent quarter, surpassing analyst expectations of $0.66, while its revenue was $3.29 billion.
• The company declared a quarterly dividend of $0.57 per share, reflecting an annual yield of 3.1% and a payout ratio of 63.16%.

Norinchukin Bank The grew its position in shares of Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 45.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 40,608 shares of the company's stock after acquiring an additional 12,637 shares during the period. Norinchukin Bank The's holdings in Xcel Energy were worth $2,875,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of XEL. Conning Inc. raised its stake in Xcel Energy by 4.1% in the first quarter. Conning Inc. now owns 4,400 shares of the company's stock worth $311,000 after buying an additional 172 shares in the last quarter. Redhawk Wealth Advisors Inc. raised its stake in Xcel Energy by 4.3% in the first quarter. Redhawk Wealth Advisors Inc. now owns 4,406 shares of the company's stock worth $312,000 after buying an additional 182 shares in the last quarter. Benjamin Edwards Inc. raised its stake in Xcel Energy by 1.1% in the fourth quarter. Benjamin Edwards Inc. now owns 16,605 shares of the company's stock worth $1,121,000 after buying an additional 183 shares in the last quarter. First Horizon Advisors Inc. raised its stake in Xcel Energy by 3.1% in the first quarter. First Horizon Advisors Inc. now owns 5,998 shares of the company's stock worth $425,000 after buying an additional 183 shares in the last quarter. Finally, First National Advisers LLC raised its stake in Xcel Energy by 0.5% in the first quarter. First National Advisers LLC now owns 33,930 shares of the company's stock worth $2,401,000 after buying an additional 183 shares in the last quarter. 78.38% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

XEL has been the subject of a number of research reports. Morgan Stanley decreased their price target on shares of Xcel Energy from $78.00 to $77.00 and set an "equal weight" rating for the company in a research note on Wednesday, June 18th. Evercore ISI increased their price target on shares of Xcel Energy from $74.00 to $77.00 and gave the stock an "outperform" rating in a research note on Monday, April 28th. Wall Street Zen downgraded shares of Xcel Energy from a "hold" rating to a "sell" rating in a research note on Tuesday, May 20th. Finally, Mizuho increased their price target on shares of Xcel Energy from $74.00 to $78.00 and gave the stock an "outperform" rating in a research note on Friday, August 1st. Eight research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $76.00.

Xcel Energy Stock Down 1.7%

Shares of NASDAQ XEL traded down $1.23 on Monday, reaching $73.03. 2,250,131 shares of the company's stock traded hands, compared to its average volume of 3,840,280. Xcel Energy Inc. has a 12 month low of $60.53 and a 12 month high of $74.57. The business's 50 day simple moving average is $70.53 and its two-hundred day simple moving average is $69.87. The company has a market cap of $43.19 billion, a price-to-earnings ratio of 20.23, a price-to-earnings-growth ratio of 2.50 and a beta of 0.34. 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 earnings results on Thursday, July 31st. The company reported $0.75 earnings per share for the quarter, beating analysts' consensus estimates of $0.66 by $0.09. Xcel Energy had a net margin of 14.85% and a return on equity of 10.52%. The business had revenue of $3.29 billion during the quarter, compared to the consensus estimate of $3.31 billion. During the same quarter last year, the firm earned $0.54 earnings per share. The business's revenue for the quarter was up 8.6% on a year-over-year basis. Xcel Energy has set its FY 2025 guidance at 3.750-3.850 EPS. As a group, equities research analysts forecast that Xcel Energy Inc. will post 3.82 EPS for the current fiscal 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 given a dividend of $0.57 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a $2.28 annualized dividend and a dividend yield of 3.1%. Xcel Energy's dividend payout ratio (DPR) is 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.