Northwestern Mutual Wealth Management Co. Buys 3,907 Shares of Xcel Energy Inc. $XEL

Key Points

• Northwestern Mutual Wealth Management Co. increased its stake in Xcel Energy by 11.9%, owning a total of 36,709 shares valued at approximately $2.6 million.
• Xcel Energy reported $0.75 EPS for the recent quarter, surpassing analyst expectations of $0.66, and set FY 2025 guidance at 3.750-3.850 EPS.
• The company announced a quarterly dividend of $0.57 per share, which translates to an annualized yield of 3.1% and a payout ratio of 63.16%.

Northwestern Mutual Wealth Management Co. lifted its stake in Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 11.9% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 36,709 shares of the company's stock after buying an additional 3,907 shares during the quarter. Northwestern Mutual Wealth Management Co.'s holdings in Xcel Energy were worth $2,599,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of XEL. Brighton Jones LLC acquired a new position in shares of Xcel Energy during the fourth quarter valued at approximately $240,000. Lido Advisors LLC boosted its position in shares of Xcel Energy by 5.2% during the fourth quarter. Lido Advisors LLC now owns 24,920 shares of the company's stock worth $1,683,000 after buying an additional 1,230 shares during the period. Schonfeld Strategic Advisors LLC boosted its position in shares of Xcel Energy by 17.6% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 23,401 shares of the company's stock worth $1,580,000 after buying an additional 3,497 shares during the period. Utah Retirement Systems boosted its holdings in Xcel Energy by 3.8% in the fourth quarter. Utah Retirement Systems now owns 95,398 shares of the company's stock valued at $6,441,000 after purchasing an additional 3,500 shares during the period. Finally, Voleon Capital Management LP purchased a new position in Xcel Energy in the fourth quarter valued at $256,000. Hedge funds and other institutional investors own 78.38% of the company's stock.

Xcel Energy Stock Up 0.1%

Shares of XEL stock traded up $0.05 during trading hours on Monday, hitting $72.39. 3,003,393 shares of the company were exchanged, compared to its average volume of 3,572,233. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.85 and a current ratio of 0.96. Xcel Energy Inc. has a one year low of $60.66 and a one year high of $74.57. The business's 50-day simple moving average is $71.12 and its two-hundred day simple moving average is $70.03. The stock has a market capitalization of $42.81 billion, a price-to-earnings ratio of 20.05, a P/E/G ratio of 2.44 and a beta of 0.35.

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

Xcel Energy Dividend Announcement

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

Analyst Ratings Changes

XEL has been the subject of a number of recent analyst reports. Mizuho lifted their price target on Xcel Energy from $74.00 to $78.00 and gave the stock an "outperform" rating in a report on Friday, August 1st. Wall Street Zen lowered Xcel Energy from a "hold" rating to a "sell" rating in a report on Tuesday, May 20th. Finally, Morgan Stanley reaffirmed an "outperform" rating on shares of Xcel Energy in a report on Thursday, August 21st. Eight analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $76.80.

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.