Patton Fund Management Inc. Purchases New Holdings in Xcel Energy Inc. $XEL

Key Points

• Patton Fund Management Inc. acquired a new stake in Xcel Energy Inc. during the 2nd quarter, purchasing 3,192 shares valued at approximately $217,000.
• Xcel Energy recently reported earnings per share (EPS) of $0.75 for the quarter, beating analysts' expectations of $0.66, while revenue grew 8.6% year-over-year.
• The company declared a quarterly dividend of $0.57 per share, representing an annual yield of 2.8%, with a payout ratio of 63.16%.

Patton Fund Management Inc. acquired a new stake in Xcel Energy Inc. (NASDAQ:XEL - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 3,192 shares of the company's stock, valued at approximately $217,000.

Other large investors also recently added to or reduced their stakes in the company. Accent Capital Management LLC purchased a new stake in Xcel Energy in the 1st quarter valued at about $29,000. BankPlus Trust Department purchased a new stake in Xcel Energy in the 1st quarter valued at about $34,000. Rise Advisors LLC boosted its position in Xcel Energy by 62.9% in the 2nd quarter. Rise Advisors LLC now owns 518 shares of the company's stock valued at $35,000 after buying an additional 200 shares during the period. Marshall & Sullivan Inc. WA purchased a new stake in Xcel Energy in the 2nd quarter valued at about $44,000. Finally, Ransom Advisory Ltd purchased a new stake in Xcel Energy in the 1st quarter valued at about $50,000. 78.38% of the stock is owned by hedge funds and other institutional investors.

Xcel Energy Trading Up 1.0%

NASDAQ:XEL opened at $80.05 on Tuesday. Xcel Energy Inc. has a 52 week low of $62.12 and a 52 week high of $80.07. The firm has a 50 day moving average of $73.17 and a 200 day moving average of $70.61. The company has a quick ratio of 0.85, a current ratio of 0.96 and a debt-to-equity ratio of 1.48. The stock has a market capitalization of $47.34 billion, a price-to-earnings ratio of 22.17, a PEG ratio of 2.67 and a beta of 0.35.

Xcel Energy (NASDAQ:XEL - Get Free Report) last posted its earnings results on Thursday, July 31st. The company reported $0.75 EPS 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 company had revenue of $3.29 billion during the quarter, compared to analysts' expectations of $3.31 billion. During the same quarter in the prior year, the company posted $0.54 earnings per share. Xcel Energy's revenue for the quarter was up 8.6% compared to the same quarter last year. Xcel Energy has set its FY 2025 guidance at 3.750-3.850 EPS. As a group, sell-side analysts anticipate that Xcel Energy Inc. will post 3.82 earnings per share for the current fiscal year.

Xcel Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, October 20th. Shareholders of record on Monday, September 15th will be paid a dividend of $0.57 per share. The ex-dividend date is Monday, September 15th. This represents a $2.28 dividend on an annualized basis and a yield of 2.8%. Xcel Energy's dividend payout ratio is presently 63.16%.

Analyst Ratings Changes

Several research firms have issued reports on XEL. BMO Capital Markets set a $84.00 price objective on shares of Xcel Energy in a research report on Thursday. Morgan Stanley lowered their price target 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. Bank of America upped their price target 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. Barclays upped their price target on shares of Xcel Energy from $72.00 to $81.00 and gave the stock an "overweight" rating in a research report on Monday. Finally, Mizuho set a $83.00 price target on shares of Xcel Energy in a research report on Thursday. Nine analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $80.36.

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.

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