Xcel Energy Inc. $XEL Shares Purchased by Ascent Group LLC

Key Points

• Ascent Group LLC increased its holdings in Xcel Energy Inc. by 17.7%, owning 22,753 shares worth approximately $1.55 million after acquiring an additional 3,427 shares in the second quarter.
• Xcel Energy reported $0.75 earnings per share for its recent quarter, surpassing expectations of $0.66, while its revenue rose by 8.6% year-over-year, totaling $3.29 billion.
• The company declared a quarterly dividend of $0.57, representing an annualized yield of 2.8%, with a payout ratio of 63.16%.

Ascent Group LLC grew its holdings in shares of Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 17.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 22,753 shares of the company's stock after purchasing an additional 3,427 shares during the period. Ascent Group LLC's holdings in Xcel Energy were worth $1,549,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of XEL. Vanguard Group Inc. lifted its holdings in Xcel Energy by 1.3% in the first quarter. Vanguard Group Inc. now owns 74,818,158 shares of the company's stock worth $5,296,377,000 after acquiring an additional 986,170 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Xcel Energy by 31.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 25,809,978 shares of the company's stock worth $1,827,090,000 after purchasing an additional 6,109,190 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Xcel Energy by 7.9% during the 1st quarter. JPMorgan Chase & Co. now owns 20,811,241 shares of the company's stock valued at $1,473,228,000 after purchasing an additional 1,520,092 shares during the period. Northern Trust Corp boosted its position in Xcel Energy by 5.8% during the 1st quarter. Northern Trust Corp now owns 5,967,952 shares of the company's stock valued at $422,471,000 after purchasing an additional 328,845 shares during the period. Finally, Invesco Ltd. grew its stake in Xcel Energy by 0.6% during the 1st quarter. Invesco Ltd. now owns 5,711,917 shares of the company's stock worth $404,347,000 after buying an additional 33,469 shares during the last quarter. 78.38% of the stock is owned by institutional investors and hedge funds.

Xcel Energy Price Performance

NASDAQ XEL opened at $80.26 on Monday. Xcel Energy Inc. has a 12 month low of $62.12 and a 12 month high of $81.15. The firm has a market capitalization of $47.47 billion, a PE ratio of 22.23, a P/E/G ratio of 2.70 and a beta of 0.37. The company's 50 day simple moving average is $73.77 and its 200 day simple moving average is $70.89. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.96 and a quick ratio of 0.85.

Xcel Energy (NASDAQ:XEL - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The company reported $0.75 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.66 by $0.09. Xcel Energy had a return on equity of 10.52% and a net margin of 14.85%.The firm had revenue of $3.29 billion during the quarter, compared to analyst estimates of $3.31 billion. During the same period last year, the company posted $0.54 EPS. The firm's quarterly revenue was up 8.6% on a year-over-year basis. Xcel Energy has set its FY 2025 guidance at 3.750-3.850 EPS. As a group, equities research analysts forecast that Xcel Energy Inc. will post 3.82 EPS for the current fiscal year.

Xcel Energy Announces Dividend

The firm also recently declared 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 annualized dividend and a yield of 2.8%. Xcel Energy's payout ratio is 63.16%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. BMO Capital Markets set a $84.00 price target on shares of Xcel Energy in a report on Thursday, September 25th. Mizuho set a $83.00 target price on shares of Xcel Energy in a research note on Thursday, September 25th. Barclays upped their target price on shares of Xcel Energy from $72.00 to $81.00 and gave the stock an "overweight" rating in a research report on Monday, September 29th. UBS Group set a $82.00 price target on Xcel Energy in a report on Thursday, September 25th. Finally, Bank of America increased their price objective on Xcel Energy from $78.00 to $84.00 and gave the stock a "buy" rating in a report on Thursday, September 25th. Nine analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $80.36.

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.

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