Xcel Energy Inc. $XEL Holdings Cut by IFM Investors Pty Ltd

Key Points

• IFM Investors Pty Ltd reduced its holdings in Xcel Energy Inc. by 22.2%, owning 125,297 shares valued at $8.87 million after selling 35,702 shares in the first quarter.
• Xcel Energy reported an EPS of $0.75 for its most recent quarter, surpassing expectations of $0.66, with a revenue of $3.29 billion, slightly below analysts' forecasts.
• The company has announced a quarterly dividend of $0.57 per share, translating to a 3.2% dividend yield, with a payout ratio of 63.16%.

IFM Investors Pty Ltd lowered its holdings in Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 22.2% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 125,297 shares of the company's stock after selling 35,702 shares during the period. IFM Investors Pty Ltd's holdings in Xcel Energy were worth $8,870,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Accent Capital Management LLC bought a new position in Xcel Energy in the first quarter worth about $29,000. BankPlus Trust Department bought a new position in Xcel Energy in the first quarter worth about $34,000. Rossby Financial LCC bought a new position in Xcel Energy in the first quarter worth about $50,000. Ransom Advisory Ltd bought a new position in Xcel Energy in the first quarter worth about $50,000. Finally, Alpine Bank Wealth Management bought a new position in Xcel Energy in the 1st quarter worth about $53,000. Institutional investors own 78.38% of the company's stock.

Xcel Energy Trading Up 0.4%

Xcel Energy stock opened at $72.31 on Thursday. The firm has a 50 day simple moving average of $71.72 and a 200-day simple moving average of $70.17. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.96 and a quick ratio of 0.85. The stock has a market capitalization of $42.77 billion, a PE ratio of 20.03, a price-to-earnings-growth ratio of 2.42 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 posted its quarterly earnings data on Thursday, July 31st. The company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.09. The business had revenue of $3.29 billion during the quarter, compared to analysts' expectations of $3.31 billion. Xcel Energy had a net margin of 14.85% and a return on equity of 10.52%. The business's revenue was up 8.6% on a year-over-year basis. During the same period last year, the firm posted $0.54 earnings per share. Xcel Energy has set its FY 2025 guidance at 3.750-3.850 EPS. As a group, equities research analysts expect that Xcel Energy Inc. will post 3.82 EPS for the current fiscal year.

Xcel Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 20th. Stockholders of record on Monday, September 15th will be issued a $0.57 dividend. The ex-dividend date is Monday, September 15th. This represents a $2.28 annualized dividend and a dividend yield of 3.2%. Xcel Energy's dividend payout ratio (DPR) is 63.16%.

Analyst Ratings Changes

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

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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