Union Bancaire Privee UBP SA Decreases Stake in Xcel Energy Inc. $XEL

Key Points

• Union Bancaire Privee UBP SA has reduced its stake in Xcel Energy by 24.9%, owning 9,838 shares after selling 3,266 shares in the second quarter.
• Xcel Energy reported $0.75 earnings per share for the last quarter, exceeding analysts' estimates of $0.66, with a year-over-year revenue increase of 8.6%.
• The company recently declared a quarterly dividend of $0.57 per share, resulting in an annualized dividend yield of 2.8%.

Union Bancaire Privee UBP SA lowered its position in Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 24.9% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,838 shares of the company's stock after selling 3,266 shares during the quarter. Union Bancaire Privee UBP SA's holdings in Xcel Energy were worth $670,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC lifted its stake in Xcel Energy by 18.3% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 472,344 shares of the company's stock worth $33,437,000 after acquiring an additional 73,036 shares during the last quarter. Navellier & Associates Inc. purchased a new stake in shares of Xcel Energy during the 1st quarter worth approximately $2,735,000. J.W. Cole Advisors Inc. purchased a new stake in shares of Xcel Energy during the 1st quarter worth approximately $905,000. Financial Gravity Asset Management Inc. purchased a new stake in shares of Xcel Energy during the 1st quarter worth approximately $329,000. Finally, Pinnacle Financial Partners Inc purchased a new stake in shares of Xcel Energy during the 1st quarter worth approximately $267,000. Hedge funds and other institutional investors own 78.38% of the company's stock.

Xcel Energy Stock Performance

Shares of XEL opened at $80.65 on Wednesday. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.85 and a current ratio of 0.96. Xcel Energy Inc. has a 1 year low of $62.12 and a 1 year high of $80.96. The stock has a market capitalization of $47.70 billion, a P/E ratio of 22.34, a P/E/G ratio of 2.70 and a beta of 0.35. The company's fifty day moving average is $73.32 and its two-hundred day moving average is $70.68.

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 analysts' consensus estimates of $0.66 by $0.09. Xcel Energy had a net margin of 14.85% and a return on equity of 10.52%. The business had revenue of $3.29 billion for the quarter, compared to analysts' expectations of $3.31 billion. During the same period in the prior year, the company posted $0.54 EPS. The business's revenue for the quarter was up 8.6% on a year-over-year basis. Xcel Energy has set its FY 2025 guidance at 3.750-3.850 EPS. On average, sell-side 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 declared a quarterly dividend, which will be paid on Monday, October 20th. Stockholders of record on Monday, September 15th will be paid 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 2.8%. Xcel Energy's dividend payout ratio is 63.16%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Bank of America boosted their price objective on shares of Xcel Energy from $78.00 to $84.00 and gave the stock a "buy" rating in a research report on Thursday, September 25th. BMO Capital Markets set a $84.00 price objective on shares of Xcel Energy in a research report on Thursday, September 25th. UBS Group set a $82.00 price objective on shares of Xcel Energy in a research report on Thursday, September 25th. Morgan Stanley reduced their price objective on shares of Xcel Energy from $81.00 to $80.00 and set an "equal weight" rating for the company in a research report on Thursday, September 25th. Finally, Barclays lifted their target price on shares of Xcel Energy from $72.00 to $81.00 and gave the company an "overweight" rating in a report on Monday. Nine equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $80.36.

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.

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.