Xcel Energy Inc. $XEL is Decade Renewable Partners LP's 5th Largest Position

Key Points

• Decade Renewable Partners LP has increased its stake in Xcel Energy by 4.9%, holding 105,599 shares valued at approximately $7.475 million, making it the firm's 5th largest holding.
• Xcel Energy reported earnings of $0.75 per share for the most recent quarter, exceeding expectations of $0.66, while the company also forecasts a FY 2025 EPS of 3.750-3.850.
• The company announced a quarterly dividend of $0.57 per share, representing an annualized yield of 3.1%, with a payout ratio currently at 63.16%.

Decade Renewable Partners LP raised its stake in Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 4.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 105,599 shares of the company's stock after buying an additional 4,899 shares during the quarter. Xcel Energy accounts for about 5.7% of Decade Renewable Partners LP's portfolio, making the stock its 5th largest position. Decade Renewable Partners LP's holdings in Xcel Energy were worth $7,475,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the business. Bank of America Corp DE increased its position in Xcel Energy by 43.6% during the fourth quarter. Bank of America Corp DE now owns 20,762,745 shares of the company's stock worth $1,401,901,000 after acquiring an additional 6,306,380 shares during the period. Price T Rowe Associates Inc. MD boosted its position in shares of Xcel Energy by 31.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 25,809,978 shares of the company's stock valued at $1,827,090,000 after purchasing an additional 6,109,190 shares in the last quarter. Zimmer Partners LP boosted its position in shares of Xcel Energy by 1,625.7% during the 4th quarter. Zimmer Partners LP now owns 3,667,200 shares of the company's stock worth $247,609,000 after purchasing an additional 3,454,700 shares in the last quarter. Janus Henderson Group PLC raised its holdings in Xcel Energy by 379.3% during the fourth quarter. Janus Henderson Group PLC now owns 4,022,085 shares of the company's stock worth $271,578,000 after buying an additional 3,182,939 shares during the last quarter. Finally, Nuveen LLC purchased a new stake in Xcel Energy in the 1st quarter valued at $155,510,000. Institutional investors own 78.38% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on XEL. Wall Street Zen cut Xcel Energy from a "hold" rating to a "sell" rating in a research note on Tuesday, May 20th. Mizuho boosted their price target on shares of Xcel Energy from $74.00 to $78.00 and gave the stock an "outperform" rating in a research note on Friday, August 1st. Finally, Morgan Stanley reaffirmed an "outperform" rating on shares of Xcel Energy in a research report on Thursday, August 21st. Eight investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat, Xcel Energy currently has an average rating of "Moderate Buy" and an average target price of $76.80.

Xcel Energy Stock Performance

Shares of Xcel Energy stock traded up $0.29 on Wednesday, hitting $72.43. 3,044,879 shares of the company's stock were exchanged, compared to its average volume of 3,279,642. The company has a 50-day simple moving average of $71.20 and a 200-day simple moving average of $70.05. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.85 and a current ratio of 0.96. Xcel Energy Inc. has a 1 year low of $62.12 and a 1 year high of $74.57. The stock has a market capitalization of $42.84 billion, a PE ratio of 19.83, a PEG ratio of 2.44 and a beta of 0.35.

Xcel Energy (NASDAQ:XEL - Get Free Report) last released its earnings results on Thursday, July 31st. The company reported $0.75 earnings per share (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 company had revenue of $3.29 billion during the quarter, compared to analyst estimates of $3.31 billion. During the same period in the prior year, the firm posted $0.54 EPS. The firm's quarterly 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 anticipate that Xcel Energy Inc. will post 3.82 EPS for the current year.

Xcel Energy Dividend Announcement

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 paid a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend is Monday, September 15th. Xcel Energy's dividend payout ratio (DPR) is presently 63.16%.

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.