Czech National Bank Has $9.60 Million Stake in Xcel Energy Inc. $XEL

Key Points

• Czech National Bank increased its stake in Xcel Energy Inc. by 6.9% during the second quarter, bringing its total holdings to 140,980 shares valued at approximately $9.6 million.
• Xcel Energy recently announced a quarterly dividend of $0.57, representing a 3.2% yield with a payout ratio of 63.16%.
• Analysts have a generally positive outlook on Xcel Energy, with a consensus rating of "Moderate Buy" and an average price target of $76.80.

Czech National Bank increased its stake in shares of Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 6.9% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 140,980 shares of the company's stock after acquiring an additional 9,086 shares during the period. Czech National Bank's holdings in Xcel Energy were worth $9,601,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of XEL. Conning Inc. boosted its holdings in shares of Xcel Energy by 4.1% in the 1st quarter. Conning Inc. now owns 4,400 shares of the company's stock valued at $311,000 after purchasing an additional 172 shares in the last quarter. Redhawk Wealth Advisors Inc. boosted its holdings in shares of Xcel Energy by 4.3% in the 1st quarter. Redhawk Wealth Advisors Inc. now owns 4,406 shares of the company's stock valued at $312,000 after purchasing an additional 182 shares in the last quarter. First Horizon Advisors Inc. boosted its holdings in shares of Xcel Energy by 3.1% in the 1st quarter. First Horizon Advisors Inc. now owns 5,998 shares of the company's stock valued at $425,000 after purchasing an additional 183 shares in the last quarter. First National Advisers LLC boosted its holdings in shares of Xcel Energy by 0.5% in the 1st quarter. First National Advisers LLC now owns 33,930 shares of the company's stock valued at $2,401,000 after purchasing an additional 183 shares in the last quarter. Finally, Perigon Wealth Management LLC boosted its holdings in shares of Xcel Energy by 3.3% in the 1st quarter. Perigon Wealth Management LLC now owns 6,134 shares of the company's stock valued at $434,000 after purchasing an additional 197 shares in the last quarter. Institutional investors own 78.38% of the company's stock.

Xcel Energy Price Performance

Shares of XEL traded down $0.06 during trading hours on Friday, reaching $72.11. The stock had a trading volume of 10,033,723 shares, compared to its average volume of 3,773,059. Xcel Energy Inc. has a 12 month low of $62.12 and a 12 month high of $74.57. The stock has a market capitalization of $42.65 billion, a PE ratio of 19.98, a PEG ratio of 2.43 and a beta of 0.35. 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's 50-day moving average is $72.27 and its two-hundred day moving average is $70.24.

Xcel Energy (NASDAQ:XEL - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The company reported $0.75 EPS for the quarter, beating analysts' consensus estimates of $0.66 by $0.09. The company had revenue of $3.29 billion during 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%.Xcel Energy's revenue was up 8.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.54 EPS. Xcel Energy has set its FY 2025 guidance at 3.750-3.850 EPS. Research analysts expect that Xcel Energy Inc. will post 3.82 EPS for the current year.

Xcel Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, October 20th. Investors of record on Monday, September 15th will be given a dividend of $0.57 per share. 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 (DPR) is currently 63.16%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on XEL. Morgan Stanley reaffirmed an "outperform" rating on shares of Xcel Energy in a report on Thursday, August 21st. Mizuho increased their price target on Xcel Energy from $74.00 to $78.00 and gave the company an "outperform" rating in a research note on Friday, August 1st. Eight equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat, the company presently has a consensus 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.