Xcel Energy Inc. $XEL is Viking Fund Management LLC's 8th Largest Position

Key Points

• Viking Fund Management LLC increased its holdings in Xcel Energy Inc. by 31.3% in the 2nd quarter, now owning 210,000 shares valued at approximately $14.3 million.
• The company reported a quarterly earnings per share (EPS) of $0.75, surpassing analyst expectations of $0.66, with revenue increasing 8.6% year-over-year.
• Xcel Energy has set its full-year guidance for FY 2025 at $3.750-3.850 EPS, while its average price target is currently set at $76.80.

Viking Fund Management LLC boosted its holdings in Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 31.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 210,000 shares of the company's stock after purchasing an additional 50,000 shares during the period. Xcel Energy comprises 2.0% of Viking Fund Management LLC's holdings, making the stock its 8th largest position. Viking Fund Management LLC's holdings in Xcel Energy were worth $14,301,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC purchased a new stake in Xcel Energy during the fourth quarter worth about $240,000. Tidal Investments LLC raised its holdings 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 worth $1,363,000 after purchasing an additional 1,646 shares during the period. Vident Advisory LLC lifted its stake in Xcel Energy by 7.5% in the fourth 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 last quarter. Woodline Partners LP bought a new position in Xcel Energy during the fourth quarter valued at $2,328,000. Finally, Waverly Advisors LLC increased its position in Xcel Energy by 83.8% in the fourth quarter. Waverly Advisors LLC now owns 8,096 shares of the company's stock worth $547,000 after buying an additional 3,691 shares during the last quarter. Institutional investors own 78.38% of the company's stock.

Xcel Energy Trading Down 0.1%

Shares of XEL traded down $0.06 during trading hours on Friday, hitting $72.11. The company had a trading volume of 10,033,723 shares, compared to its average volume of 4,175,971. Xcel Energy Inc. has a 52-week low of $62.12 and a 52-week high of $74.57. 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 stock's 50 day moving average price is $72.34 and its 200 day moving average price is $70.26. The firm has a market cap of $42.65 billion, a P/E ratio of 19.98, a P/E/G ratio of 2.43 and a beta of 0.35.

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, 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 business's quarterly revenue was up 8.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.54 EPS. Xcel Energy has set its FY 2025 guidance at 3.750-3.850 EPS. On average, research analysts predict that Xcel Energy Inc. will post 3.82 EPS for the current year.

Xcel Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 20th. Shareholders of record on Monday, September 15th will be given 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 payout ratio is presently 63.16%.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Morgan Stanley reiterated an "outperform" rating on shares of Xcel Energy in a research note on Thursday, August 21st. Mizuho boosted 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. Eight equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target 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.