Yaupon Capital Management LP Sells 1,434,207 Shares of Xcel Energy Inc. $XEL

Key Points

• Yaupon Capital Management LP drastically reduced its stake in Xcel Energy Inc. by 84.4%, selling 1,434,207 shares and now holding 265,793 shares valued at approximately $18.8 million.
• Despite Yaupon's sale, other institutional investors, like the Vanguard Group, increased their positions in Xcel Energy, with Vanguard now holding over 74.8 million shares.
• Xcel Energy's recent earnings report indicated a $0.75 EPS, exceeding analysts' expectations, along with a dividend of $0.57 scheduled for payment on October 20th.

Yaupon Capital Management LP lessened its stake in Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 84.4% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 265,793 shares of the company's stock after selling 1,434,207 shares during the quarter. Yaupon Capital Management LP's holdings in Xcel Energy were worth $18,815,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Accent Capital Management LLC bought a new stake in shares of Xcel Energy in the first quarter worth $29,000. BankPlus Trust Department bought a new stake in shares of Xcel Energy in the first quarter worth $34,000. Rossby Financial LCC bought a new stake in shares of Xcel Energy in the first quarter worth $50,000. Alpine Bank Wealth Management bought a new stake in shares of Xcel Energy in the first quarter worth $53,000. Finally, Bell Investment Advisors Inc lifted its position in shares of Xcel Energy by 34.0% in the first quarter. Bell Investment Advisors Inc now owns 832 shares of the company's stock worth $59,000 after purchasing an additional 211 shares in the last quarter. Institutional investors and hedge funds own 78.38% of the company's stock.

Analyst Upgrades and Downgrades

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

Xcel Energy Stock Performance

Shares of NASDAQ:XEL traded up $0.50 on Friday, hitting $73.35. The company had a trading volume of 7,080,569 shares, compared to its average volume of 4,201,873. Xcel Energy Inc. has a 1-year low of $62.12 and a 1-year high of $74.57. The stock has a market cap of $43.38 billion, a price-to-earnings ratio of 20.32, a P/E/G ratio of 2.45 and a beta of 0.35. The stock has a 50 day moving average price of $71.92 and a 200 day moving average price of $70.21. The company has a current ratio of 0.96, a quick ratio of 0.85 and a debt-to-equity ratio of 1.48.

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, beating the consensus estimate of $0.66 by $0.09. Xcel Energy had a net margin of 14.85% and a return on equity of 10.52%. The firm had revenue of $3.29 billion for the quarter, compared to the consensus estimate of $3.31 billion. During the same period in the previous year, the company earned $0.54 earnings per share. The company's quarterly revenue was up 8.6% on a year-over-year basis. Xcel Energy has set its FY 2025 guidance at 3.750-3.850 EPS. Analysts expect that Xcel Energy Inc. will post 3.82 EPS for the current year.

Xcel Energy Announces Dividend

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 paid a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date is Monday, September 15th. Xcel Energy's dividend 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.