Yousif Capital Management LLC Has $6.12 Million Stock Position in Xcel Energy Inc. $XEL

Yousif Capital Management LLC grew its position in Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 15.5% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 89,890 shares of the company's stock after buying an additional 12,087 shares during the period. Yousif Capital Management LLC's holdings in Xcel Energy were worth $6,122,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Accent Capital Management LLC acquired a new stake in shares of Xcel Energy in the 1st quarter valued at $29,000. BankPlus Trust Department acquired a new stake in shares of Xcel Energy during the first quarter worth $34,000. Rise Advisors LLC grew its stake in shares of Xcel Energy by 62.9% during the second 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 acquired a new stake in shares of Xcel Energy during the second quarter worth $44,000. Finally, RMG Wealth Management LLC acquired a new stake in shares of Xcel Energy during the second quarter worth $46,000. 78.38% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on XEL shares. Evercore ISI started coverage on Xcel Energy in a research note on Monday, October 6th. They set an "outperform" rating and a $92.00 price objective for the company. Mizuho set a $83.00 price objective on Xcel Energy in a research note on Thursday, September 25th. Bank of America lifted their price objective on Xcel Energy from $78.00 to $84.00 and gave the stock a "buy" rating in a research note on Thursday, September 25th. Morgan Stanley decreased their price objective on Xcel Energy from $81.00 to $80.00 and set an "equal weight" rating for the company in a research note on Thursday, September 25th. Finally, UBS Group lifted their target price on Xcel Energy from $82.00 to $84.00 and gave the stock a "neutral" rating in a report on Friday. Nine analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $81.91.

Xcel Energy Stock Performance

XEL stock opened at $80.85 on Wednesday. The firm has a market cap of $47.82 billion, a PE ratio of 22.40, a P/E/G ratio of 2.83 and a beta of 0.37. The business's 50-day moving average price is $74.91 and its two-hundred day moving average price is $71.47. Xcel Energy Inc. has a 1-year low of $62.58 and a 1-year high of $82.54. 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 issued its quarterly earnings results on Thursday, July 31st. The company reported $0.75 EPS for the quarter, beating analysts' consensus estimates of $0.66 by $0.09. The company 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 company's quarterly revenue was up 8.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.54 earnings per share. Xcel Energy has set its FY 2025 guidance at 3.750-3.850 EPS. As a group, research analysts forecast that Xcel Energy Inc. will post 3.82 earnings per share for the current year.

Xcel Energy Announces Dividend

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