Stance Capital LLC Invests $1.33 Million in Xcel Energy Inc. $XEL

Key Points

• Stance Capital LLC invested approximately $1.33 million in Xcel Energy Inc., acquiring 18,716 shares during the first quarter.
• Xcel Energy reported $0.75 EPS for the last quarter, exceeding analyst expectations of $0.66 and marking an 8.6% year-over-year revenue increase.
• The company declared a quarterly dividend of $0.57 per share, translating to a 3.1% yield, with payment scheduled for October 20th.

Stance Capital LLC purchased a new position in shares of Xcel Energy Inc. (NASDAQ:XEL - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 18,716 shares of the company's stock, valued at approximately $1,325,000.

Several other institutional investors have also modified their holdings of XEL. Brighton Jones LLC purchased a new position in shares of Xcel Energy during the 4th quarter worth $240,000. Baird Financial Group Inc. raised its holdings in shares of Xcel Energy by 2.3% during the 4th quarter. Baird Financial Group Inc. now owns 30,259 shares of the company's stock worth $2,043,000 after acquiring an additional 694 shares during the period. Cary Street Partners Financial LLC purchased a new position in shares of Xcel Energy during the 4th quarter worth $183,000. Cetera Investment Advisers raised its holdings in shares of Xcel Energy by 9.0% during the 4th quarter. Cetera Investment Advisers now owns 157,193 shares of the company's stock worth $10,614,000 after acquiring an additional 12,937 shares during the period. Finally, Ethic Inc. raised its holdings in shares of Xcel Energy by 55.0% during the 4th quarter. Ethic Inc. now owns 23,030 shares of the company's stock worth $1,555,000 after acquiring an additional 8,168 shares during the period. Hedge funds and other institutional investors own 78.38% of the company's stock.

Xcel Energy Stock Up 0.6%

Shares of NASDAQ:XEL opened at $72.68 on Friday. The business has a 50-day moving average price of $71.49 and a 200 day moving average price of $70.13. The company has a current ratio of 0.96, a quick ratio of 0.85 and a debt-to-equity ratio of 1.48. The company has a market capitalization of $42.99 billion, a price-to-earnings ratio of 20.13, a PEG ratio of 2.45 and a beta of 0.35. Xcel Energy Inc. has a 12-month low of $62.12 and a 12-month high of $74.57.

Xcel Energy (NASDAQ:XEL - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.75 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.66 by $0.09. Xcel Energy had a return on equity of 10.52% and a net margin of 14.85%.The firm had revenue of $3.29 billion during the quarter, compared to the consensus estimate of $3.31 billion. During the same period last year, the company earned $0.54 EPS. The company'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. Sell-side analysts expect that Xcel Energy Inc. will post 3.82 EPS for the current year.

Xcel Energy Dividend Announcement

The firm 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 3.1%. Xcel Energy's dividend payout ratio is 63.16%.

Analyst Ratings Changes

Several research analysts have recently commented on XEL shares. Mizuho lifted 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. Wall Street Zen downgraded Xcel Energy from a "hold" rating to a "sell" rating in a research report on Tuesday, May 20th. Finally, Morgan Stanley reissued an "outperform" rating on shares of Xcel Energy in a research report on Thursday, August 21st. Eight research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Xcel Energy presently has an average rating of "Moderate Buy" and an average price target of $76.80.

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.

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