Xcel Energy Inc. $XEL Shares Sold by Hsbc Holdings PLC

Hsbc Holdings PLC cut its holdings in Xcel Energy Inc. (NASDAQ:XELFree Report) by 14.6% in the first quarter, Holdings Channel reports. The institutional investor owned 1,120,381 shares of the company’s stock after selling 191,316 shares during the quarter. Hsbc Holdings PLC’s holdings in Xcel Energy were worth $79,228,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in XEL. Wealth Enhancement Advisory Services LLC increased its holdings in Xcel Energy by 18.3% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 472,344 shares of the company’s stock worth $33,437,000 after acquiring an additional 73,036 shares in the last quarter. Navellier & Associates Inc. acquired a new stake in shares of Xcel Energy in the first quarter valued at about $2,735,000. J.W. Cole Advisors Inc. acquired a new stake in shares of Xcel Energy in the first quarter valued at about $905,000. Financial Gravity Asset Management Inc. purchased a new stake in shares of Xcel Energy during the first quarter worth about $329,000. Finally, Pinnacle Financial Partners Inc acquired a new position in shares of Xcel Energy during the 1st quarter worth about $267,000. Hedge funds and other institutional investors own 78.38% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Mizuho raised their price target on shares of Xcel Energy from $74.00 to $78.00 and gave the company an “outperform” rating in a research note on Friday, August 1st. Wells Fargo & Company set a $78.00 target price on Xcel Energy and gave the company an “overweight” rating in a report on Friday, April 25th. Evercore ISI lifted their price target on Xcel Energy from $74.00 to $77.00 and gave the stock an “outperform” rating in a research note on Monday, April 28th. BMO Capital Markets boosted their price target on Xcel Energy from $69.00 to $73.00 and gave the stock a “market perform” rating in a research report on Wednesday, April 23rd. Finally, Wall Street Zen downgraded Xcel Energy from a “hold” rating to a “sell” rating in a research note on Tuesday, May 20th. Eight equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Xcel Energy has a consensus rating of “Moderate Buy” and an average target price of $76.00.

Get Our Latest Report on XEL

Xcel Energy Trading Down 0.1%

Shares of Xcel Energy stock opened at $73.17 on Thursday. The stock has a market cap of $43.27 billion, a P/E ratio of 20.27, a P/E/G ratio of 2.47 and a beta of 0.34. The stock’s 50 day simple moving average is $70.19 and its 200-day simple moving average is $69.70. Xcel Energy Inc. has a 1-year low of $59.60 and a 1-year 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.

Xcel Energy (NASDAQ:XELGet Free Report) last issued its earnings results on Thursday, July 31st. The company reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 return on equity of 10.52% and a net margin of 14.85%.The company’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same period last year, the company earned $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 fiscal year.

Xcel Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 20th. Investors of record on Monday, September 15th will be issued a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 3.1%. The ex-dividend date is Monday, September 15th. Xcel Energy’s payout ratio is 63.16%.

Xcel Energy Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Xcel Energy (NASDAQ:XEL)

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