UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Has $186.68 Million Stock Holdings in Xcel Energy Inc. $XEL

Key Points

• UBS Asset Management increased its stake in Xcel Energy Inc. by 4.9% in Q1, owning a total of 2,637,094 shares valued at approximately $186.68 million.
• Xcel Energy reported earnings per share (EPS) of $0.75 for the last quarter, exceeding analyst estimates of $0.66, while revenues were slightly below expectations at $3.29 billion.
• The company declared a quarterly dividend of $0.57 per share, with a 3.1% annual yield, set to be paid to shareholders on October 20th.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 4.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,637,094 shares of the company's stock after purchasing an additional 122,523 shares during the quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned about 0.46% of Xcel Energy worth $186,680,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in XEL. Accent Capital Management LLC acquired a new stake in shares of Xcel Energy during the 1st quarter worth approximately $29,000. BankPlus Trust Department acquired a new stake in shares of Xcel Energy during the 1st quarter worth approximately $34,000. Rossby Financial LCC acquired a new stake in shares of Xcel Energy during the 1st quarter worth approximately $50,000. Alpine Bank Wealth Management acquired a new stake in shares of Xcel Energy during the 1st quarter worth approximately $53,000. Finally, Bell Investment Advisors Inc raised its position in shares of Xcel Energy by 34.0% during the 1st quarter. Bell Investment Advisors Inc now owns 832 shares of the company's stock worth $59,000 after purchasing an additional 211 shares during the period. 78.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently weighed in on XEL shares. Wall Street Zen cut Xcel Energy from a "hold" rating to a "sell" rating in a research report on Tuesday, May 20th. Morgan Stanley restated an "outperform" rating on shares of Xcel Energy in a research report on Thursday, August 21st. Finally, Mizuho raised their target price on Xcel Energy from $74.00 to $78.00 and gave the company an "outperform" rating in a research report on Friday, August 1st. Eight equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $76.80.

Xcel Energy Price Performance

NASDAQ XEL traded up $0.50 on Friday, reaching $73.35. 7,080,569 shares of the stock traded hands, compared to its average volume of 4,166,236. The firm's fifty day simple moving average is $71.92 and its 200 day simple moving average is $70.21. The company has a quick ratio of 0.85, a current ratio of 0.96 and a debt-to-equity ratio of 1.48. The company has a market cap of $43.38 billion, a price-to-earnings ratio of 20.10, a P/E/G ratio of 2.47 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 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 firm had revenue of $3.29 billion during the quarter, compared to analyst estimates of $3.31 billion. Xcel Energy had a return on equity of 10.52% and a net margin of 14.85%.The firm's quarterly revenue was up 8.6% on a year-over-year basis. During the same period last year, the company posted $0.54 EPS. Xcel Energy has set its FY 2025 guidance at 3.750-3.850 EPS. As a group, research analysts predict that Xcel Energy Inc. will post 3.82 EPS for the current fiscal 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 given a dividend of $0.57 per share. 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 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.