Xcel Energy Inc. $XEL Shares Bought by Price T Rowe Associates Inc. MD

Key Points

• Price T Rowe Associates Inc. MD increased its stake in Xcel Energy by 31.0%, owning approximately 25.8 million shares valued at $1.83 billion as of the latest SEC filing.
• The company recently declared a quarterly dividend of $0.57 per share, representing an annualized dividend yield of 3.1% with a payout ratio of 63.16%.
• Xcel Energy's stock has received a consensus rating of "Moderate Buy" from analysts, with an average target price of $76.00 per share.

Price T Rowe Associates Inc. MD grew its position in shares of Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 31.0% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 25,809,978 shares of the company's stock after purchasing an additional 6,109,190 shares during the quarter. Price T Rowe Associates Inc. MD owned approximately 4.47% of Xcel Energy worth $1,827,090,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Accent Capital Management LLC purchased a new position in shares of Xcel Energy in the 1st quarter valued at approximately $29,000. BankPlus Trust Department acquired a new stake in shares of Xcel Energy during the first quarter worth $34,000. Rossby Financial LCC purchased a new position in Xcel Energy in the 1st quarter valued at $50,000. Alpine Bank Wealth Management acquired a new position in Xcel Energy in the 1st quarter valued at $53,000. Finally, Itau Unibanco Holding S.A. acquired a new position in Xcel Energy in the 4th quarter valued at $52,000. Hedge funds and other institutional investors own 78.38% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Wells Fargo & Company set a $78.00 target price on Xcel Energy and gave the stock an "overweight" rating in a research report on Friday, April 25th. Morgan Stanley lowered their price objective on shares of Xcel Energy from $78.00 to $77.00 and set an "equal weight" rating on the stock in a research note on Wednesday, June 18th. Evercore ISI lifted their target price on shares of Xcel Energy from $74.00 to $77.00 and gave the stock an "outperform" rating in a research report on Monday, April 28th. Mizuho upped their price target on shares of Xcel Energy from $74.00 to $78.00 and gave the company an "outperform" rating in a report on Friday, August 1st. Finally, Wall Street Zen lowered shares of Xcel Energy from a "hold" rating to a "sell" rating in a research report on Tuesday, May 20th. Eight analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Xcel Energy has a consensus rating of "Moderate Buy" and an average target price of $76.00.

Xcel Energy Price Performance

Xcel Energy stock opened at $73.17 on Thursday. The stock has a market capitalization of $43.27 billion, a P/E ratio of 20.27, a P/E/G ratio of 2.47 and a beta of 0.34. Xcel Energy Inc. has a 12-month low of $59.60 and a 12-month high of $74.57. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.96 and a quick ratio of 0.85. The firm's 50-day moving average is $70.19 and its two-hundred day moving average is $69.70.

Xcel Energy (NASDAQ:XEL - Get Free Report) last released its earnings results on Thursday, July 31st. The company reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.09. The firm had revenue of $3.29 billion for the quarter, compared to the consensus estimate of $3.31 billion. Xcel Energy had a return on equity of 10.52% and a net margin of 14.85%.The firm's revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.54 earnings per share. Xcel Energy has set its FY 2025 guidance at 3.750-3.850 EPS. Equities analysts predict that Xcel Energy Inc. will post 3.82 earnings per share for the current year.

Xcel Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, October 20th. Stockholders of record on Monday, September 15th will be given a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend is Monday, September 15th. Xcel Energy's payout ratio is presently 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.

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