State of Wyoming Increases Stock Position in Xcel Energy Inc. $XEL

Key Points

• The State of Wyoming has increased its stake in **Xcel Energy Inc.** by **344.8%**, now holding **7,206 shares** valued at **$510,000** as reported in its latest Form 13F filing with the SEC.
• Xcel Energy reported earnings of **$0.75 per share**, surpassing the consensus estimate of **$0.66**, with revenues of **$3.29 billion** for the quarter, showing an **8.6% year-over-year increase**.
• The company declared a quarterly dividend of **$0.57** per share, which indicates an annualized yield of **3.1%** and a payout ratio of **63.16%**.

State of Wyoming increased its position in shares of Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 344.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,206 shares of the company's stock after buying an additional 5,586 shares during the period. State of Wyoming's holdings in Xcel Energy were worth $510,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC boosted its holdings in Xcel Energy by 18.3% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 472,344 shares of the company's stock worth $33,437,000 after buying an additional 73,036 shares in the last quarter. Navellier & Associates Inc. purchased a new position in Xcel Energy during the first quarter valued at $2,735,000. J.W. Cole Advisors Inc. purchased a new position in Xcel Energy during the first quarter valued at $905,000. Financial Gravity Asset Management Inc. purchased a new position in Xcel Energy during the first quarter valued at $329,000. Finally, Pinnacle Financial Partners Inc purchased a new position in Xcel Energy during the first quarter valued at $267,000. 78.38% of the stock is owned by hedge funds and other institutional investors.

Xcel Energy Stock Performance

NASDAQ:XEL opened at $72.39 on Friday. The company's 50-day moving average price is $71.03 and its 200-day moving average price is $70.00. 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 cap of $42.81 billion, a P/E ratio of 20.05, a P/E/G ratio of 2.44 and a beta of 0.34. Xcel Energy Inc. has a twelve month low of $60.66 and a twelve month high of $74.57.

Xcel Energy (NASDAQ:XEL - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.09. The firm had revenue of $3.29 billion for the quarter, compared to the consensus estimate of $3.31 billion. Xcel Energy had a net margin of 14.85% and a return on equity of 10.52%. The company's revenue for the quarter was up 8.6% on a year-over-year basis. During the same period last year, the firm posted $0.54 earnings per share. Xcel Energy has set its FY 2025 guidance at 3.750-3.850 EPS. On average, sell-side analysts forecast that Xcel Energy Inc. will post 3.82 earnings per share for the current fiscal year.

Xcel Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 20th. Stockholders of record on Monday, September 15th will be paid a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend is Monday, September 15th. Xcel Energy's dividend payout ratio (DPR) is currently 63.16%.

Analysts Set New Price Targets

XEL has been the topic of several recent analyst reports. Morgan Stanley reaffirmed an "outperform" rating on shares of Xcel Energy in a report on Thursday, August 21st. 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. Finally, Wall Street Zen downgraded shares of Xcel Energy from a "hold" rating to a "sell" rating in a report on Tuesday, May 20th. Eight investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus 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.

Want to see what other hedge funds are holding XEL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Xcel Energy Inc. (NASDAQ:XEL - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.