Vident Advisory LLC Boosts Stake in Xcel Energy Inc. $XEL

Key Points

• Vident Advisory LLC increased its holdings in Xcel Energy by 146% during the first quarter, acquiring an additional 21,427 shares to own a total of 36,100 shares valued at $2.56 million.
• Total institutional ownership of Xcel Energy is at 78.38%, with significant contributions from firms like Vanguard Group and Price T Rowe Associates increasing their stakes this year.
• Xcel Energy recently declared a quarterly dividend of $0.57 per share, which will be paid on October 20th, representing an annual yield of 3.1% and a payout ratio of 63.16%.

Vident Advisory LLC lifted its holdings in Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 146.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 36,100 shares of the company's stock after acquiring an additional 21,427 shares during the quarter. Vident Advisory LLC's holdings in Xcel Energy were worth $2,556,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Accent Capital Management LLC acquired a new stake in shares of Xcel Energy in the first quarter worth $29,000. BankPlus Trust Department acquired a new stake in shares of Xcel Energy in the first quarter worth $34,000. Rossby Financial LCC acquired a new stake in shares of Xcel Energy in the first quarter worth $50,000. Alpine Bank Wealth Management acquired a new stake in shares of Xcel Energy in the first quarter worth $53,000. Finally, Cary Street Partners Investment Advisory LLC increased its stake in shares of Xcel Energy by 36.9% in the first quarter. Cary Street Partners Investment Advisory LLC now owns 861 shares of the company's stock worth $61,000 after acquiring an additional 232 shares during the period. Institutional investors and hedge funds own 78.38% of the company's stock.

Xcel Energy Price Performance

Shares of NASDAQ XEL traded up $0.29 during trading on Wednesday, hitting $72.43. The company had a trading volume of 3,044,879 shares, compared to its average volume of 3,279,642. The stock has a fifty day simple moving average of $71.30 and a two-hundred day simple moving average of $70.06. Xcel Energy Inc. has a fifty-two week low of $62.12 and a fifty-two week high of $74.57. The firm has a market capitalization of $42.84 billion, a price-to-earnings ratio of 20.06, a price-to-earnings-growth ratio of 2.44 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.

Xcel Energy (NASDAQ:XEL - Get Free Report) last announced its earnings results 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. Xcel Energy had a net margin of 14.85% and a return on equity of 10.52%. The business had revenue of $3.29 billion for the quarter, compared to analyst estimates of $3.31 billion. During the same quarter last year, the business earned $0.54 earnings per share. The company'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. On average, research analysts expect that Xcel Energy Inc. will post 3.82 earnings per share for the current year.

Xcel Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 20th. Stockholders of record on Monday, September 15th will be paid a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend is Monday, September 15th. Xcel Energy's dividend payout ratio (DPR) is currently 63.16%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on XEL shares. Wall Street Zen lowered shares of Xcel Energy from a "hold" rating to a "sell" rating in a research note on Tuesday, May 20th. Mizuho raised their price target on shares of Xcel Energy from $74.00 to $78.00 and gave the company an "outperform" rating in a research report on Friday, August 1st. Finally, Morgan Stanley restated an "outperform" rating on shares of Xcel Energy in a research report on Thursday, August 21st. Eight analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $76.80.

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.