Waycross Partners LLC Makes New Investment in Xcel Energy Inc. $XEL

Key Points

• Waycross Partners LLC acquired a new position in Xcel Energy Inc., purchasing 5,550 shares valued at approximately $378,000 in the second quarter.
• Xcel Energy reported a quarterly earnings per share (EPS) of $0.75, exceeding the consensus estimate of $0.66, and its revenue for the quarter was $3.29 billion, up 8.6% from the same period last year.
• A recent dividend of $0.57 per share will be paid on October 20th, which results in an annualized dividend of $2.28 and a yield of 3.1%.

Waycross Partners LLC acquired a new position in Xcel Energy Inc. (NASDAQ:XEL - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 5,550 shares of the company's stock, valued at approximately $378,000.

A number of other hedge funds have also recently added to or reduced their stakes in the business. LCM Capital Management Inc boosted its holdings in Xcel Energy by 4.3% in the second quarter. LCM Capital Management Inc now owns 3,572 shares of the company's stock worth $243,000 after purchasing an additional 147 shares during the period. Conning Inc. boosted its holdings in Xcel Energy by 4.1% in the first quarter. Conning Inc. now owns 4,400 shares of the company's stock worth $311,000 after purchasing an additional 172 shares during the period. Redhawk Wealth Advisors Inc. boosted its holdings in Xcel Energy by 4.3% in the first quarter. Redhawk Wealth Advisors Inc. now owns 4,406 shares of the company's stock worth $312,000 after purchasing an additional 182 shares during the period. First Horizon Advisors Inc. boosted its holdings in Xcel Energy by 3.1% in the first quarter. First Horizon Advisors Inc. now owns 5,998 shares of the company's stock worth $425,000 after purchasing an additional 183 shares during the period. Finally, First National Advisers LLC boosted its holdings in Xcel Energy by 0.5% in 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. Institutional investors and hedge funds own 78.38% of the company's stock.

Xcel Energy Price Performance

Shares of Xcel Energy stock opened at $73.04 on Wednesday. The company has a current ratio of 0.96, a quick ratio of 0.85 and a debt-to-equity ratio of 1.48. The company's 50-day moving average price is $72.50 and its two-hundred day moving average price is $70.33. Xcel Energy Inc. has a 52 week low of $62.12 and a 52 week high of $74.57. The stock has a market cap of $43.20 billion, a PE ratio of 20.23, a price-to-earnings-growth ratio of 2.44 and a beta of 0.35.

Xcel Energy (NASDAQ:XEL - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The company reported $0.75 EPS for the quarter, topping the consensus estimate of $0.66 by $0.09. Xcel Energy had a net margin of 14.85% and a return on equity of 10.52%. The firm had revenue of $3.29 billion for the quarter, compared to analysts' expectations of $3.31 billion. During the same period in the previous year, the business earned $0.54 earnings per share. Xcel Energy's revenue for the quarter 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, sell-side analysts anticipate that Xcel Energy Inc. will post 3.82 EPS for the current fiscal year.

Xcel Energy Announces Dividend

The firm also recently declared 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. The ex-dividend date is Monday, September 15th. This represents a $2.28 annualized dividend and a yield of 3.1%. Xcel Energy's payout ratio is 63.16%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on XEL. Mizuho lifted their price objective on shares of Xcel Energy from $74.00 to $78.00 and gave the stock an "outperform" rating in a report on Friday, August 1st. Morgan Stanley reissued an "outperform" rating on shares of Xcel Energy in a report on Thursday, August 21st. Finally, BMO Capital Markets raised shares of Xcel Energy from a "market perform" rating to an "outperform" rating and boosted their price target for the company from $73.00 to $80.00 in a report on Monday. Nine equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, Xcel Energy currently has a consensus rating of "Moderate Buy" and an average price target of $77.50.

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.

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