Xcel Energy Inc. $XEL Shares Purchased by Janney Montgomery Scott LLC

Key Points

• Janney Montgomery Scott LLC increased its stake in Xcel Energy Inc. by 7.4%, acquiring an additional 10,164 shares, bringing their total holdings to 147,615 shares worth approximately $10 million.
• Xcel Energy's recent quarterly earnings showed an increase in earnings per share (EPS) to $0.75, exceeding analysts' expectations, with a revenue of $3.29 billion despite being slightly below consensus estimates.
• The company announced a quarterly dividend of $0.57 per share, which will be paid on October 20th, reflecting an annualized yield of 2.8%.

Janney Montgomery Scott LLC boosted its position in Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 7.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 147,615 shares of the company's stock after acquiring an additional 10,164 shares during the quarter. Janney Montgomery Scott LLC's holdings in Xcel Energy were worth $10,053,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of XEL. Price T Rowe Associates Inc. MD boosted 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 valued at $1,827,090,000 after buying an additional 6,109,190 shares in the last quarter. Nuveen LLC purchased a new position in shares of Xcel Energy during the first quarter worth approximately $155,510,000. JPMorgan Chase & Co. grew its position in Xcel Energy by 7.9% in the 1st quarter. JPMorgan Chase & Co. now owns 20,811,241 shares of the company's stock valued at $1,473,228,000 after buying an additional 1,520,092 shares during the last quarter. Vanguard Group Inc. grew its position in Xcel Energy by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 74,818,158 shares of the company's stock valued at $5,296,377,000 after buying an additional 986,170 shares during the last quarter. Finally, Assenagon Asset Management S.A. grew its position in Xcel Energy by 5,894.2% in the 2nd quarter. Assenagon Asset Management S.A. now owns 998,507 shares of the company's stock valued at $67,998,000 after buying an additional 981,849 shares during the last quarter. Institutional investors and hedge funds own 78.38% of the company's stock.

Xcel Energy Trading Up 0.8%

NASDAQ:XEL opened at $80.26 on Friday. The company has a market capitalization of $47.47 billion, a PE ratio of 22.23, a price-to-earnings-growth ratio of 2.70 and a beta of 0.37. 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 Inc. has a 52-week low of $62.12 and a 52-week high of $81.15. The stock has a fifty day simple moving average of $73.77 and a 200-day simple moving average of $70.88.

Xcel Energy (NASDAQ:XEL - Get Free Report) last released its quarterly 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. The business had revenue of $3.29 billion during 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 business's revenue was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.54 EPS. Xcel Energy has set its FY 2025 guidance at 3.750-3.850 EPS. On average, equities research analysts expect that Xcel Energy Inc. will post 3.82 earnings per share for the current fiscal year.

Xcel Energy Dividend Announcement

The company 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 $0.57 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $2.28 annualized dividend and a yield of 2.8%. Xcel Energy's payout ratio is presently 63.16%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Weiss Ratings reiterated a "hold (c+)" rating on shares of Xcel Energy in a research report on Saturday, September 27th. BMO Capital Markets set a $84.00 price objective on shares of Xcel Energy in a research report on Thursday, September 25th. Mizuho set a $83.00 price objective on shares of Xcel Energy in a research report on Thursday, September 25th. UBS Group set a $82.00 price objective on shares of Xcel Energy in a research report on Thursday, September 25th. Finally, Bank of America lifted their price objective on shares of Xcel Energy from $78.00 to $84.00 and gave the company a "buy" rating in a research report on Thursday, September 25th. Nine investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently 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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