Xcel Energy Inc. $XEL Shares Purchased by Sumitomo Mitsui DS Asset Management Company Ltd

Key Points

• Sumitomo Mitsui DS Asset Management increased its holdings in Xcel Energy by 6.1%, adding 4,790 shares to reach a total of 83,683 shares valued at approximately $5.7 million.
• Xcel Energy reported earnings of $0.75 per share for the latest quarter, exceeding analyst expectations of $0.66, while revenue grew by 8.6% year-over-year.
• The company recently announced a quarterly dividend of $0.57 per share, reflecting an annualized payout of $2.28 and a yield of 3.2%.

Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 6.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 83,683 shares of the company's stock after purchasing an additional 4,790 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in Xcel Energy were worth $5,699,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Accent Capital Management LLC acquired a new stake in shares of Xcel Energy in the first quarter worth approximately $29,000. BankPlus Trust Department acquired a new stake in shares of Xcel Energy in the first quarter worth approximately $34,000. Rise Advisors LLC boosted its stake in shares of Xcel Energy by 62.9% in the second quarter. Rise Advisors LLC now owns 518 shares of the company's stock worth $35,000 after acquiring an additional 200 shares during the last quarter. Ransom Advisory Ltd acquired a new stake in shares of Xcel Energy in the first quarter worth approximately $50,000. Finally, Rossby Financial LCC acquired a new stake in shares of Xcel Energy in the first quarter worth approximately $50,000. 78.38% of the stock is owned by institutional investors and hedge funds.

Xcel Energy Trading Down 0.1%

Shares of XEL stock traded down $0.05 on Tuesday, hitting $72.30. The stock had a trading volume of 370,204 shares, compared to its average volume of 3,755,704. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.96 and a quick ratio of 0.85. The firm has a market capitalization of $42.76 billion, a P/E ratio of 20.03, a P/E/G ratio of 2.43 and a beta of 0.35. Xcel Energy Inc. has a 1 year low of $62.12 and a 1 year high of $74.57. The company's 50 day moving average price is $72.40 and its 200-day moving average price is $70.31.

Xcel Energy (NASDAQ:XEL - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $3.31 billion. During the same quarter in the previous year, the business earned $0.54 EPS. The company's quarterly revenue 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. Analysts anticipate that Xcel Energy Inc. will post 3.82 earnings per share for the current 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 issued a dividend of $0.57 per share. The ex-dividend date is Monday, September 15th. This represents a $2.28 annualized dividend and a yield of 3.2%. Xcel Energy's dividend payout ratio is 63.16%.

Analyst Upgrades and Downgrades

XEL has been the topic of a number of analyst reports. Mizuho lifted their price objective on Xcel Energy from $74.00 to $78.00 and gave the stock an "outperform" rating in a research report on Friday, August 1st. Morgan Stanley reiterated an "outperform" rating on shares of Xcel Energy in a research report on Thursday, August 21st. Finally, BMO Capital Markets upgraded Xcel Energy from a "market perform" rating to an "outperform" rating and lifted their price objective for the stock from $73.00 to $80.00 in a research report on Monday. Nine investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $77.50.

About Xcel Energy

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.