Xcel Energy Inc. $XEL Shares Purchased by Shell Asset Management Co.

Key Points

• Shell Asset Management Co. increased its stake in Xcel Energy by 22.5%, owning approximately 31,967 shares worth $2.18 million as of the latest SEC filing.
• Wall Street analysts have a consensus rating of "Moderate Buy" for Xcel Energy, with an average price target of $81.73, indicating optimism for the company’s stock performance.
• Xcel Energy recently declared a quarterly dividend of $0.57 per share, with a dividend yield of 2.8% and a payout ratio of 63.16%.

Shell Asset Management Co. raised its stake in shares of Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 22.5% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 31,967 shares of the company's stock after buying an additional 5,872 shares during the quarter. Shell Asset Management Co.'s holdings in Xcel Energy were worth $2,177,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Accent Capital Management LLC acquired a new stake in Xcel Energy during the 1st quarter valued at $29,000. BankPlus Trust Department purchased a new position in shares of Xcel Energy during the 1st quarter worth $34,000. Rise Advisors LLC lifted its stake in shares of Xcel Energy by 62.9% during the 2nd quarter. Rise Advisors LLC now owns 518 shares of the company's stock worth $35,000 after purchasing an additional 200 shares during the period. Marshall & Sullivan Inc. WA purchased a new position in shares of Xcel Energy during the 2nd quarter worth $44,000. Finally, RMG Wealth Management LLC purchased a new position in shares of Xcel Energy during the 2nd quarter worth $46,000. Institutional investors and hedge funds own 78.38% of the company's stock.

Wall Street Analyst Weigh In

XEL has been the topic of a number of recent analyst reports. Bank of America increased their price target on Xcel Energy from $78.00 to $84.00 and gave the stock a "buy" rating in a research note on Thursday, September 25th. UBS Group set a $82.00 price target on Xcel Energy in a research note on Thursday, September 25th. Barclays increased their price target on Xcel Energy from $72.00 to $81.00 and gave the stock an "overweight" rating in a research note on Monday, September 29th. Evercore ISI initiated coverage on Xcel Energy in a research note on Monday. They set an "outperform" rating and a $92.00 price target on the stock. Finally, BMO Capital Markets set a $84.00 price target on Xcel Energy in a research note on Thursday, September 25th. Nine equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $81.73.

Xcel Energy Stock Performance

Shares of XEL opened at $81.85 on Thursday. The company has a current ratio of 0.96, a quick ratio of 0.85 and a debt-to-equity ratio of 1.48. The firm has a market capitalization of $48.41 billion, a P/E ratio of 22.67, a price-to-earnings-growth ratio of 2.76 and a beta of 0.37. The stock's fifty day simple moving average is $74.35 and its 200 day simple moving average is $71.12. Xcel Energy Inc. has a twelve month low of $62.12 and a twelve month high of $82.22.

Xcel Energy (NASDAQ:XEL - Get Free Report) last issued 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 business had revenue of $3.29 billion for the quarter, compared to analyst estimates 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 last 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 forecast that Xcel Energy Inc. will post 3.82 earnings per share for the current year.

Xcel Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, October 20th. Investors of record on Monday, September 15th will be issued a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 2.8%. The ex-dividend date is Monday, September 15th. Xcel Energy's dividend payout ratio is currently 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.