Miller Howard Investments Inc. NY Increases Stock Holdings in Xcel Energy Inc. $XEL

Key Points

• Miller Howard Investments Inc. increased its position in Xcel Energy by 174.5% during the second quarter, owning 85,542 shares valued at approximately $5.83 million.
• Xcel Energy has received several positive analyst ratings, with Mizuho raising its target price from $74.00 to $78.00 and an average rating of "Moderate Buy" among analysts.
• The company recently announced a quarterly dividend of $0.57 per share, representing a 3.2% dividend yield, with the ex-dividend date set for September 15th.

Miller Howard Investments Inc. NY raised its holdings in Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 174.5% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 85,542 shares of the company's stock after purchasing an additional 54,381 shares during the quarter. Miller Howard Investments Inc. NY's holdings in Xcel Energy were worth $5,825,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Brighton Jones LLC purchased a new stake in shares of Xcel Energy in the 4th quarter valued at $240,000. Tidal Investments LLC boosted its position in shares of Xcel Energy by 8.9% in the 4th quarter. Tidal Investments LLC now owns 20,186 shares of the company's stock valued at $1,363,000 after purchasing an additional 1,646 shares during the period. Vident Advisory LLC boosted its position in shares of Xcel Energy by 7.5% in the 4th quarter. Vident Advisory LLC now owns 14,673 shares of the company's stock valued at $991,000 after purchasing an additional 1,018 shares during the period. Woodline Partners LP acquired a new stake in shares of Xcel Energy in the 4th quarter valued at about $2,328,000. Finally, Waverly Advisors LLC raised its stake in Xcel Energy by 83.8% during the 4th quarter. Waverly Advisors LLC now owns 8,096 shares of the company's stock valued at $547,000 after acquiring an additional 3,691 shares during the last quarter. Hedge funds and other institutional investors own 78.38% of the company's stock.

Analyst Upgrades and Downgrades

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

Xcel Energy Price Performance

Shares of XEL traded up $0.24 on Monday, reaching $72.35. The stock had a trading volume of 4,129,807 shares, compared to its average volume of 3,768,036. The firm has a market capitalization of $42.79 billion, a PE ratio of 20.04, a PEG ratio of 2.43 and a beta of 0.35. 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 50-day moving average of $72.34 and a 200 day moving average of $70.28. Xcel Energy Inc. has a twelve month low of $62.12 and a twelve month high of $74.57.

Xcel Energy (NASDAQ:XEL - Get Free Report) last released 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. The business had revenue of $3.29 billion for the quarter, compared to analysts' expectations of $3.31 billion. Xcel Energy had a return on equity of 10.52% and a net margin of 14.85%.The company's revenue was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.54 EPS. Xcel Energy has set its FY 2025 guidance at 3.750-3.850 EPS. Sell-side analysts expect that Xcel Energy Inc. will post 3.82 EPS for the current year.

Xcel Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, October 20th. Investors 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 dividend on an annualized basis and a dividend yield of 3.2%. Xcel Energy's dividend payout ratio is currently 63.16%.

Xcel Energy Company 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.