Xcel Energy Inc. $XEL Stock Position Raised by Raymond James Financial Inc.

Key Points

• Raymond James Financial Inc. increased its stake in Xcel Energy Inc. by 1.5%, acquiring an additional 18,687 shares to bring its total ownership to approximately 1,257,622 shares, worth about $89 million.
• Several analysts have recently upgraded their target prices for Xcel Energy, with Mizuho setting a new target of $78.00, while the average target price across analysts stands at $76.00.
• Xcel Energy announced a quarterly dividend of $0.57, which yields approximately 3.1%, and indicated a full-year 2025 EPS guidance of 3.750-3.850.

Raymond James Financial Inc. grew its position in Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 1.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,257,622 shares of the company's stock after purchasing an additional 18,687 shares during the period. Raymond James Financial Inc. owned approximately 0.22% of Xcel Energy worth $89,027,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Accent Capital Management LLC bought a new position in Xcel Energy in the 1st quarter worth about $29,000. BankPlus Trust Department bought a new position in Xcel Energy in the 1st quarter worth about $34,000. Rossby Financial LCC bought a new position in Xcel Energy in the 1st quarter worth about $50,000. Itau Unibanco Holding S.A. bought a new position in Xcel Energy in the 4th quarter worth about $52,000. Finally, Alpine Bank Wealth Management bought a new position in Xcel Energy in the 1st quarter worth about $53,000. Institutional investors own 78.38% of the company's stock.

Xcel Energy Price Performance

XEL stock traded up $1.10 on Friday, hitting $74.26. 3,374,345 shares of the company's stock traded hands, compared to its average volume of 3,809,564. Xcel Energy Inc. has a 1-year low of $59.91 and a 1-year high of $74.57. The stock has a market cap of $43.92 billion, a price-to-earnings ratio of 20.57, a P/E/G ratio of 2.46 and a beta of 0.34. The stock has a fifty day moving average of $70.40 and a 200-day moving average of $69.79. The company has a current ratio of 0.96, a quick ratio of 0.85 and a debt-to-equity ratio of 1.48.

Xcel Energy (NASDAQ:XEL - Get Free Report) last released its 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. 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 analyst estimates of $3.31 billion. During the same period in the prior year, the business earned $0.54 earnings per share. The business's quarterly revenue was up 8.6% on a year-over-year basis. Xcel Energy has set its FY 2025 guidance at 3.750-3.850 EPS. On average, 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 $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 3.1%. The ex-dividend date is Monday, September 15th. Xcel Energy's dividend payout ratio is 63.16%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Evercore ISI increased their price objective on shares of Xcel Energy from $74.00 to $77.00 and gave the company an "outperform" rating in a report on Monday, April 28th. Wall Street Zen cut shares of Xcel Energy from a "hold" rating to a "sell" rating in a report on Tuesday, May 20th. Wells Fargo & Company set a $78.00 price objective on shares of Xcel Energy and gave the company an "overweight" rating in a report on Friday, April 25th. Morgan Stanley decreased their price objective on shares of Xcel Energy from $78.00 to $77.00 and set an "equal weight" rating for the company in a report on Wednesday, June 18th. Finally, Mizuho increased their price objective on shares of Xcel Energy from $74.00 to $78.00 and gave the company an "outperform" rating in a report on Friday, August 1st. Eight equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $76.00.

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.