Xcel Energy Inc. $XEL Shares Sold by Hsbc Holdings PLC

Key Points

• Hsbc Holdings PLC reduced its stake in Xcel Energy by 14.6% in the first quarter, now owning about 0.19% of the company worth approximately $79.2 million.
• The company reported earnings of $0.75 EPS for the last quarter, exceeding the expected $0.66 EPS, with revenue of $3.29 billion.
• Xcel Energy announced a quarterly dividend of $0.57 per share, reflecting an annual yield of 3.1% and a payout ratio of 63.16%.

Hsbc Holdings PLC reduced its stake in Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 14.6% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,120,381 shares of the company's stock after selling 191,316 shares during the quarter. Hsbc Holdings PLC owned about 0.19% of Xcel Energy worth $79,228,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

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

Xcel Energy Stock Down 0.1%

Xcel Energy stock opened at $73.17 on Thursday. The business's 50-day moving average price is $70.19 and its 200 day moving average price is $69.70. The company has a quick ratio of 0.85, a current ratio of 0.96 and a debt-to-equity ratio of 1.48. The firm has a market cap of $43.27 billion, a price-to-earnings ratio of 20.27, a price-to-earnings-growth ratio of 2.47 and a beta of 0.34. Xcel Energy Inc. has a 52 week low of $59.60 and a 52 week high of $74.57.

Xcel Energy (NASDAQ:XEL - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The company reported $0.75 EPS 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% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.54 EPS. Xcel Energy has set its FY 2025 guidance at 3.750-3.850 EPS. As a group, sell-side analysts anticipate that Xcel Energy Inc. will post 3.82 earnings per share for the current year.

Xcel Energy Dividend Announcement

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

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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