OLD National Bancorp IN purchased a new stake in shares of Xcel Energy Inc. (NASDAQ:XEL - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 4,306 shares of the company's stock, valued at approximately $293,000.
Several other hedge funds also recently made changes to their positions in XEL. Brighton Jones LLC bought a new stake in shares of Xcel Energy during the fourth quarter valued at approximately $240,000. Wedmont Private Capital boosted its position in shares of Xcel Energy by 9.7% during the first quarter. Wedmont Private Capital now owns 8,136 shares of the company's stock valued at $566,000 after purchasing an additional 719 shares in the last quarter. UMB Bank n.a. boosted its position in shares of Xcel Energy by 12.3% during the first quarter. UMB Bank n.a. now owns 3,525 shares of the company's stock valued at $250,000 after purchasing an additional 386 shares in the last quarter. Park Avenue Securities LLC raised its stake in Xcel Energy by 7.6% during the first quarter. Park Avenue Securities LLC now owns 20,662 shares of the company's stock valued at $1,463,000 after buying an additional 1,460 shares during the last quarter. Finally, Capital Investment Advisors LLC raised its stake in Xcel Energy by 10.5% during the first quarter. Capital Investment Advisors LLC now owns 4,696 shares of the company's stock valued at $332,000 after buying an additional 445 shares during the last quarter. 78.38% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
XEL has been the subject of a number of recent research reports. UBS Group set a $82.00 price objective on Xcel Energy in a research note on Thursday, September 25th. Barclays lifted their price objective on Xcel Energy from $72.00 to $81.00 and gave the company an "overweight" rating in a research note on Monday, September 29th. BMO Capital Markets set a $84.00 price objective on Xcel Energy in a research note on Thursday, September 25th. Evercore ISI initiated coverage on Xcel Energy in a research note on Monday. They set an "outperform" rating and a $92.00 price objective for the company. Finally, Weiss Ratings reiterated a "hold (c+)" rating on shares of Xcel Energy in a research note on Saturday, September 27th. Nine equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $81.73.
Get Our Latest Stock Analysis on XEL
Xcel Energy Stock Up 1.0%
XEL stock opened at $81.85 on Wednesday. The stock has a market capitalization of $48.41 billion, a P/E ratio of 22.67, a P/E/G ratio of 2.73 and a beta of 0.37. 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 1-year low of $62.12 and a 1-year high of $82.09. The business has a fifty day moving average price of $74.16 and a 200-day moving average price of $71.05.
Xcel Energy (NASDAQ:XEL - Get Free Report) last posted 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 company had revenue of $3.29 billion during the quarter, compared to analysts' expectations of $3.31 billion. Xcel Energy had a return on equity of 10.52% and a net margin of 14.85%.Xcel Energy's revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter in the prior 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 fiscal year.
Xcel Energy Announces Dividend
The company also recently disclosed 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. This represents a $2.28 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date is Monday, September 15th. Xcel Energy's dividend payout ratio is 63.16%.
About Xcel Energy
(
Free Report)
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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