Electron Capital Partners LLC Increases Stock Holdings in Xcel Energy Inc. $XEL

Key Points

• Electron Capital Partners LLC increased its holdings in Xcel Energy Inc. by 93.7% in the first quarter, making it the firm's 3rd biggest position with approximately $136 million worth of shares.
• Several institutional investors, including Vanguard and Price T Rowe Associates, also expanded their stakes in Xcel Energy, which is now 78.38% owned by hedge funds and other institutions.
• Xcel Energy recently declared a quarterly dividend of $0.57 per share, representing an annualized yield of 3.1% with a payout ratio of 63.16%.

Electron Capital Partners LLC grew its holdings in Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 93.7% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,921,636 shares of the company's stock after acquiring an additional 929,516 shares during the quarter. Xcel Energy accounts for approximately 8.9% of Electron Capital Partners LLC's investment portfolio, making the stock its 3rd biggest position. Electron Capital Partners LLC owned about 0.33% of Xcel Energy worth $136,033,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Conning Inc. grew its position in shares of Xcel Energy by 4.1% during the 1st quarter. Conning Inc. now owns 4,400 shares of the company's stock worth $311,000 after buying an additional 172 shares during the period. Redhawk Wealth Advisors Inc. grew its position in Xcel Energy by 4.3% in the 1st quarter. Redhawk Wealth Advisors Inc. now owns 4,406 shares of the company's stock valued at $312,000 after purchasing an additional 182 shares during the period. Benjamin Edwards Inc. grew its position in Xcel Energy by 1.1% in the 4th quarter. Benjamin Edwards Inc. now owns 16,605 shares of the company's stock valued at $1,121,000 after purchasing an additional 183 shares during the period. First Horizon Advisors Inc. grew its position in Xcel Energy by 3.1% in the 1st quarter. First Horizon Advisors Inc. now owns 5,998 shares of the company's stock valued at $425,000 after purchasing an additional 183 shares during the period. Finally, First National Advisers LLC grew its position in Xcel Energy by 0.5% in the 1st quarter. First National Advisers LLC now owns 33,930 shares of the company's stock valued at $2,401,000 after purchasing an additional 183 shares during the period. Institutional investors own 78.38% of the company's stock.

Wall Street Analyst Weigh In

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

Xcel Energy Stock Performance

Shares of NASDAQ XEL traded down $0.93 during mid-day trading on Monday, reaching $71.75. 6,050,899 shares of the company's stock were exchanged, compared to its average volume of 3,675,554. The firm has a market capitalization of $42.43 billion, a price-to-earnings ratio of 19.88, a price-to-earnings-growth ratio of 2.45 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 company has a debt-to-equity ratio of 1.48, a current ratio of 0.96 and a quick ratio of 0.85. The firm has a 50-day moving average price of $71.49 and a two-hundred day moving average price of $70.13.

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

Xcel Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 20th. Investors of record on Monday, September 15th will be paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date is Monday, September 15th. Xcel Energy's 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.