Vanguard Personalized Indexing Management LLC Raises Stake in Xcel Energy Inc. $XEL

Key Points

• Vanguard Personalized Indexing Management LLC increased its stake in Xcel Energy by 27.4% in Q2, bringing its total shares to 65,231, valued at approximately $4.44 million.
• Xcel Energy reported $0.75 earnings per share for the last quarter, outperforming estimates and showing an 8.6% increase in revenue compared to the previous year.
• The company is set to pay a quarterly dividend of $0.57 on October 20, representing an annualized yield of 2.8% and a payout ratio of 63.16%.

Vanguard Personalized Indexing Management LLC grew its stake in shares of Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 27.4% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 65,231 shares of the company's stock after purchasing an additional 14,025 shares during the quarter. Vanguard Personalized Indexing Management LLC's holdings in Xcel Energy were worth $4,442,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in XEL. Vanguard Group Inc. boosted its position in Xcel Energy by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 74,818,158 shares of the company's stock valued at $5,296,377,000 after buying an additional 986,170 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in shares of Xcel Energy by 31.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 25,809,978 shares of the company's stock valued at $1,827,090,000 after purchasing an additional 6,109,190 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Xcel Energy by 7.9% in the first quarter. JPMorgan Chase & Co. now owns 20,811,241 shares of the company's stock valued at $1,473,228,000 after purchasing an additional 1,520,092 shares during the period. Northern Trust Corp boosted its holdings in shares of Xcel Energy by 5.8% in the first quarter. Northern Trust Corp now owns 5,967,952 shares of the company's stock valued at $422,471,000 after purchasing an additional 328,845 shares during the period. Finally, Invesco Ltd. boosted its holdings in shares of Xcel Energy by 0.6% in the first quarter. Invesco Ltd. now owns 5,711,917 shares of the company's stock valued at $404,347,000 after purchasing an additional 33,469 shares during the period. 78.38% of the stock is owned by hedge funds and other institutional investors.

Xcel Energy Trading Up 0.9%

NASDAQ XEL opened at $80.85 on Wednesday. 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 firm has a market cap of $47.82 billion, a PE ratio of 22.40, a price-to-earnings-growth ratio of 2.83 and a beta of 0.37. The company has a 50 day moving average price of $74.91 and a 200 day moving average price of $71.47. Xcel Energy Inc. has a 52 week low of $62.58 and a 52 week high of $82.54.

Xcel Energy (NASDAQ:XEL - Get Free Report) last announced its earnings results on Thursday, July 31st. The company reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.09. The company had revenue of $3.29 billion during the quarter, compared to the consensus estimate of $3.31 billion. Xcel Energy had a net margin of 14.85% and a return on equity of 10.52%. Xcel Energy's revenue was up 8.6% compared to the same quarter last year. During the same period last year, the firm earned $0.54 earnings per share. Xcel Energy has set its FY 2025 guidance at 3.750-3.850 EPS. As a group, sell-side analysts forecast that Xcel Energy Inc. will post 3.82 EPS 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 2.8%. Xcel Energy's dividend payout ratio (DPR) is presently 63.16%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on XEL. BMO Capital Markets set a $84.00 target price on Xcel Energy in a report on Thursday, September 25th. Evercore ISI started coverage on shares of Xcel Energy in a research note on Monday, October 6th. They issued an "outperform" rating and a $92.00 price objective for the company. Morgan Stanley lowered 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 note on Thursday, September 25th. Mizuho set a $83.00 price target on shares of Xcel Energy in a research report on Thursday, September 25th. Finally, UBS Group upped their price target on shares of Xcel Energy from $82.00 to $84.00 and gave the stock a "neutral" rating in a research report on Friday. Nine analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $81.91.

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.

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