Xcel Energy Inc. $XEL Shares Sold by Oliver Luxxe Assets LLC

Key Points

• Oliver Luxxe Assets LLC has decreased its holdings in Xcel Energy Inc. by 42% in Q2, now owning 57,253 shares valued at approximately $3.9 million.
• Xcel Energy reported earnings of $0.75 EPS for the last quarter, exceeding estimates and showing an 8.6% year-over-year revenue growth to $3.29 billion.
• Several analysts have upgraded Xcel Energy’s stock rating, with a new price target set at $76.80, indicating a generally positive outlook among investors.

Oliver Luxxe Assets LLC decreased its holdings in shares of Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 42.0% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 57,253 shares of the company's stock after selling 41,468 shares during the period. Oliver Luxxe Assets LLC's holdings in Xcel Energy were worth $3,899,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD grew its position in Xcel Energy by 31.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 25,809,978 shares of the company's stock worth $1,827,090,000 after buying an additional 6,109,190 shares during the period. Nuveen LLC purchased a new position in shares of Xcel Energy during the 1st quarter worth $155,510,000. JPMorgan Chase & Co. lifted its position in Xcel Energy by 7.9% during the first quarter. JPMorgan Chase & Co. now owns 20,811,241 shares of the company's stock worth $1,473,228,000 after buying an additional 1,520,092 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Xcel Energy by 6,594.9% in the 1st quarter. GAMMA Investing LLC now owns 1,167,398 shares of the company's stock valued at $82,640,000 after purchasing an additional 1,149,961 shares during the last quarter. Finally, Vanguard Group Inc. raised its holdings in shares of Xcel Energy by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 74,818,158 shares of the company's stock worth $5,296,377,000 after purchasing an additional 986,170 shares during the period. Hedge funds and other institutional investors own 78.38% of the company's stock.

Xcel Energy Price Performance

NASDAQ:XEL opened at $72.11 on Monday. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.85 and a current ratio of 0.96. The firm has a market cap of $42.65 billion, a price-to-earnings ratio of 19.98, a P/E/G ratio of 2.43 and a beta of 0.35. Xcel Energy Inc. has a 52 week low of $62.12 and a 52 week high of $74.57. The firm's 50-day simple moving average is $72.34 and its 200 day simple moving average is $70.28.

Xcel Energy (NASDAQ:XEL - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The company reported $0.75 EPS for the quarter, beating 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 net margin of 14.85% and a return on equity of 10.52%. The company's revenue was up 8.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.54 earnings per share. Xcel Energy has set its FY 2025 guidance at 3.750-3.850 EPS. As a group, sell-side analysts predict that Xcel Energy Inc. will post 3.82 earnings per share for the current year.

Xcel Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 20th. Stockholders of record on Monday, September 15th will be given a $0.57 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $2.28 annualized dividend and a dividend yield of 3.2%. Xcel Energy's dividend payout ratio (DPR) is 63.16%.

Analysts Set New Price Targets

Several equities analysts have recently commented on XEL shares. Mizuho increased their target price on Xcel Energy from $74.00 to $78.00 and gave the company an "outperform" rating in a research note on Friday, August 1st. BMO Capital Markets raised Xcel Energy from a "market perform" rating to an "outperform" rating in a report on Monday. Finally, Morgan Stanley reiterated an "outperform" rating on shares of Xcel Energy in a research report on Thursday, August 21st. Nine research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $76.80.

About Xcel Energy

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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