Xcel Energy (NASDAQ:XEL) Posts Quarterly Earnings Results, Beats Expectations By $0.09 EPS

Key Points

• Xcel Energy reported quarterly earnings of $0.75 per share, exceeding expectations by $0.09 and showing an 8.6% revenue increase year-over-year.
• The company declared a quarterly dividend of $0.57 per share, representing an annualized dividend of $2.28 and a yield of 3.1%.
• Xcel Energy's institutional ownership stands at 78.38%, with significant stake increases from firms such as Woodline Partners LP and Empowered Funds LLC.

Xcel Energy (NASDAQ:XEL - Get Free Report) issued its earnings results on Thursday. The company reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.09, Zacks reports. Xcel Energy had a return on equity of 10.71% and a net margin of 14.85%. The firm had revenue of $3.29 billion for the quarter, compared to analysts' expectations of $3.31 billion. During the same period in the previous year, the firm posted $0.54 earnings per share. The business's revenue was up 8.6% compared to the same quarter last year. Xcel Energy updated its FY 2025 guidance to 3.750-3.850 EPS.

Xcel Energy Trading Up 0.0%

Xcel Energy stock traded up $0.03 during trading on Friday, hitting $73.47. The company had a trading volume of 4,004,104 shares, compared to its average volume of 2,782,631. Xcel Energy has a 1-year low of $57.24 and a 1-year high of $74.13. The company has a current ratio of 0.80, a quick ratio of 0.70 and a debt-to-equity ratio of 1.48. The company's 50 day simple moving average is $69.18 and its 200-day simple moving average is $69.14. The stock has a market cap of $42.37 billion, a price-to-earnings ratio of 20.35, a price-to-earnings-growth ratio of 2.47 and a beta of 0.34.

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 dividend of $0.57 per share. The ex-dividend date is Monday, September 15th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 3.1%. Xcel Energy's dividend payout ratio (DPR) is currently 63.16%.

Hedge Funds Weigh In On Xcel Energy

Institutional investors have recently modified their holdings of the business. Brighton Jones LLC acquired a new position in shares of Xcel Energy during the fourth quarter worth $240,000. Woodline Partners LP grew its stake in shares of Xcel Energy by 40.7% during the first quarter. Woodline Partners LP now owns 48,515 shares of the company's stock worth $3,434,000 after purchasing an additional 14,029 shares in the last quarter. Finally, Empowered Funds LLC grew its stake in shares of Xcel Energy by 30.7% during the first quarter. Empowered Funds LLC now owns 13,810 shares of the company's stock worth $978,000 after purchasing an additional 3,242 shares in the last quarter. Institutional investors and hedge funds own 78.38% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on XEL. Mizuho upped 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. Barclays upped their target price on Xcel Energy from $72.00 to $73.00 and gave the company an "overweight" rating in a research note on Tuesday, April 22nd. Morgan Stanley cut their target price on Xcel Energy from $78.00 to $77.00 and set an "equal weight" rating on the stock in a research note on Wednesday, June 18th. BMO Capital Markets boosted their price target on Xcel Energy from $69.00 to $73.00 and gave the company a "market perform" rating in a report on Wednesday, April 23rd. Finally, Wall Street Zen lowered Xcel Energy from a "hold" rating to a "sell" rating in a report on Tuesday, May 20th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $76.00.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.