Tema Etfs LLC Makes New Investment in Xcel Energy Inc. $XEL

Key Points

• Tema Etfs LLC has made a new investment of approximately $1.99 million in Xcel Energy Inc., acquiring 28,077 shares during the first quarter.
• Xcel Energy reported earnings of $0.75 per share for the last quarter, exceeding estimates, and had a revenue of $3.29 billion, a year-over-year increase of 8.6%.
• The company announced a quarterly dividend of $0.57 per share, resulting in an annualized dividend of $2.28 and a dividend yield of 3.1%.

Tema Etfs LLC purchased a new stake in shares of Xcel Energy Inc. (NASDAQ:XEL - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 28,077 shares of the company's stock, valued at approximately $1,988,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Conning Inc. boosted its stake in Xcel Energy by 4.1% during the first quarter. Conning Inc. now owns 4,400 shares of the company's stock valued at $311,000 after buying an additional 172 shares during the last quarter. Redhawk Wealth Advisors Inc. raised its holdings in shares of Xcel Energy by 4.3% in the first quarter. Redhawk Wealth Advisors Inc. now owns 4,406 shares of the company's stock worth $312,000 after buying an additional 182 shares during the period. Benjamin Edwards Inc. raised its holdings in shares of Xcel Energy by 1.1% in the fourth quarter. Benjamin Edwards Inc. now owns 16,605 shares of the company's stock worth $1,121,000 after buying an additional 183 shares during the period. First Horizon Advisors Inc. raised its holdings in shares of Xcel Energy by 3.1% in the first quarter. First Horizon Advisors Inc. now owns 5,998 shares of the company's stock worth $425,000 after buying an additional 183 shares during the period. Finally, First National Advisers LLC raised its holdings in shares of Xcel Energy by 0.5% in the first quarter. First National Advisers LLC now owns 33,930 shares of the company's stock worth $2,401,000 after buying an additional 183 shares during the period. 78.38% of the stock is owned by institutional investors.

Xcel Energy Stock Up 0.1%

Shares of NASDAQ:XEL traded up $0.05 on Monday, reaching $72.39. The company had a trading volume of 3,003,393 shares, compared to its average volume of 3,572,233. Xcel Energy Inc. has a 52-week low of $60.66 and a 52-week high of $74.57. The firm's 50 day simple moving average is $71.03 and its 200-day simple moving average is $70.01. The firm has a market capitalization of $42.81 billion, a PE ratio of 20.05, a PEG ratio of 2.44 and a beta of 0.35. 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 announced its quarterly earnings results on Thursday, July 31st. The company reported $0.75 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.66 by $0.09. The business had revenue of $3.29 billion for the quarter, compared to the consensus estimate of $3.31 billion. Xcel Energy had a return on equity of 10.52% and a net margin of 14.85%.The business's revenue was up 8.6% compared to the same quarter last year. During the same period last year, the business posted $0.54 EPS. Xcel Energy has set its FY 2025 guidance at 3.750-3.850 EPS. As a group, analysts expect that Xcel Energy Inc. will post 3.82 earnings per share for the current fiscal year.

Xcel Energy Announces Dividend

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

Analysts Set New Price Targets

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