Xcel Energy Inc. $XEL Stock Holdings Lessened by Voya Investment Management LLC

Key Points

• Voya Investment Management LLC reduced its stake in Xcel Energy Inc. by 2.8%, now holding 201,000 shares valued at approximately $14.2 million.
• Other institutional investors, such as Price T Rowe Associates Inc. and GAMMA Investing LLC, significantly increased their holdings, indicating strong interest in Xcel Energy.
• Xcel Energy recently announced a quarterly dividend of $0.57 per share, reflecting an annualized yield of 3.1% with a payout ratio of 63.16%.

Voya Investment Management LLC lowered its position in shares of Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 2.8% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 201,000 shares of the company's stock after selling 5,741 shares during the quarter. Voya Investment Management LLC's holdings in Xcel Energy were worth $14,229,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of XEL. Conning Inc. lifted its stake in Xcel Energy by 4.1% in 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 in the last quarter. Redhawk Wealth Advisors Inc. grew its stake 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 valued at $312,000 after acquiring an additional 182 shares in the last quarter. First Horizon Advisors Inc. grew its stake 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 valued at $425,000 after acquiring an additional 183 shares in the last quarter. First National Advisers LLC lifted its position in Xcel Energy by 0.5% during the first quarter. First National Advisers LLC now owns 33,930 shares of the company's stock worth $2,401,000 after purchasing an additional 183 shares during the period. Finally, Perigon Wealth Management LLC lifted its position in Xcel Energy by 3.3% during the first quarter. Perigon Wealth Management LLC now owns 6,134 shares of the company's stock worth $434,000 after purchasing an additional 197 shares during the period. Institutional investors own 78.38% of the company's stock.

Analyst Upgrades and Downgrades

XEL has been the subject of a number of research reports. Morgan Stanley reissued an "outperform" rating on shares of Xcel Energy in a report on Thursday, August 21st. Mizuho increased their target price on shares of Xcel Energy from $74.00 to $78.00 and gave the company an "outperform" rating in a research report on Friday, August 1st. Eight investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Xcel Energy currently has a consensus rating of "Moderate Buy" and a consensus target price of $76.80.

Xcel Energy Trading Down 0.1%

Shares of Xcel Energy stock traded down $0.06 during midday trading on Friday, reaching $72.11. 10,033,723 shares of the company's stock traded hands, compared to its average volume of 4,175,971. The stock has a 50 day moving average of $72.34 and a 200-day moving average of $70.25. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.85 and a current ratio of 0.96. The company has a market cap of $42.65 billion, a PE ratio of 19.98, a price-to-earnings-growth ratio of 2.43 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 released its quarterly earnings data on Thursday, July 31st. The company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.66 by $0.09. Xcel Energy had a return on equity of 10.52% and a net margin of 14.85%.The company had revenue of $3.29 billion for the quarter, compared to analysts' expectations of $3.31 billion. During the same period last year, the firm posted $0.54 earnings per share. Xcel Energy's revenue was up 8.6% compared to the same quarter last year. Xcel Energy has set its FY 2025 guidance at 3.750-3.850 EPS. As a group, equities analysts expect 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. Shareholders of record on Monday, September 15th will be given a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend is Monday, September 15th. Xcel Energy's dividend 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.