Tortoise Capital Advisors L.L.C. Acquires Shares of 30,463 Xcel Energy Inc. $XEL

Key Points

• Tortoise Capital Advisors L.L.C. has invested approximately $2.16 million in Xcel Energy, acquiring over 30,000 shares during the first quarter of the year.
• Xcel Energy reported a quarterly EPS of $0.75, which exceeded analysts' expectations, and showed an 8.6% increase in revenue year-over-year.
• The company has established a quarterly dividend of $0.57 per share, which reflects an annualized yield of 3.1% and a payout ratio of 63.16%.

Tortoise Capital Advisors L.L.C. bought a new stake in Xcel Energy Inc. (NASDAQ:XEL - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 30,463 shares of the company's stock, valued at approximately $2,156,000.

Other 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 first quarter valued at approximately $29,000. BankPlus Trust Department bought a new position in Xcel Energy in the first quarter valued at approximately $34,000. Rossby Financial LCC bought a new position in Xcel Energy in the first quarter valued at approximately $50,000. Itau Unibanco Holding S.A. bought a new position in Xcel Energy in the fourth quarter valued at approximately $52,000. Finally, Alpine Bank Wealth Management bought a new position in shares of Xcel Energy during the 1st quarter worth approximately $53,000. 78.38% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently commented on XEL. Wall Street Zen downgraded Xcel Energy from a "hold" rating to a "sell" rating in a research note on Tuesday, May 20th. Morgan Stanley reduced their price target on Xcel Energy from $78.00 to $77.00 and set an "equal weight" rating for the company in a research note on Wednesday, June 18th. Mizuho boosted their price target on Xcel Energy from $74.00 to $78.00 and gave the company an "outperform" rating in a research note on Friday, August 1st. Finally, Evercore ISI raised their target price on Xcel Energy from $74.00 to $77.00 and gave the company an "outperform" rating in a report on Monday, April 28th. Eight equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat.com, Xcel Energy has a consensus rating of "Moderate Buy" and an average price target of $76.00.

Xcel Energy Stock Performance

Shares of NASDAQ XEL traded down $1.23 during midday trading on Monday, reaching $73.03. The company's stock had a trading volume of 2,250,131 shares, compared to its average volume of 3,648,756. 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 stock has a market capitalization of $43.19 billion, a P/E ratio of 20.23, a PEG ratio of 2.50 and a beta of 0.34. The firm has a 50 day moving average price of $70.40 and a 200-day moving average price of $69.82. Xcel Energy Inc. has a 12-month low of $60.53 and a 12-month high of $74.57.

Xcel Energy (NASDAQ:XEL - Get Free Report) last posted its earnings results on Thursday, July 31st. The company reported $0.75 earnings per share (EPS) 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 return on equity of 10.52% and a net margin of 14.85%.The business's quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.54 earnings per share. Xcel Energy has set its FY 2025 guidance at 3.750-3.850 EPS. As a group, equities analysts predict that Xcel Energy Inc. will post 3.82 earnings per share for the current year.

Xcel Energy Dividend Announcement

The business also recently announced 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 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend is Monday, September 15th. Xcel Energy's payout ratio is 63.16%.

Xcel Energy 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.