GAMMA Investing LLC Has $1.14 Million Stock Holdings in Xcel Energy Inc. $XEL

GAMMA Investing LLC boosted its holdings in shares of Xcel Energy Inc. (NASDAQ:XEL) by 1.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 16,778 shares of the company’s stock after purchasing an additional 287 shares during the quarter. GAMMA Investing LLC’s holdings in Xcel Energy were worth $1,143,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Brighton Jones LLC acquired a new stake in shares of Xcel Energy in the fourth quarter worth $240,000. Ascent Group LLC increased its holdings in shares of Xcel Energy by 160.2% during the 4th quarter. Ascent Group LLC now owns 12,871 shares of the company’s stock worth $869,000 after purchasing an additional 7,925 shares during the period. Jefferies Financial Group Inc. acquired a new position in shares of Xcel Energy during the fourth quarter valued at about $1,325,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Xcel Energy during the fourth quarter valued at about $20,748,000. Finally, Siemens Fonds Invest GmbH lifted its stake in shares of Xcel Energy by 169.1% in the fourth quarter. Siemens Fonds Invest GmbH now owns 92,047 shares of the company’s stock valued at $6,215,000 after buying an additional 57,837 shares during the period. 78.38% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Mizuho boosted their price target on Xcel Energy from $74.00 to $78.00 and gave the company an “outperform” rating in a research note on Friday, August 1st. BMO Capital Markets raised Xcel Energy from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $73.00 to $80.00 in a report on Monday. Finally, Morgan Stanley restated an “outperform” rating on shares of Xcel Energy in a research note on Thursday, August 21st. Nine investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $77.50.

Xcel Energy Price Performance

Shares of XEL stock opened at $73.04 on Wednesday. The firm has a market cap of $43.20 billion, a price-to-earnings ratio of 20.23, a PEG ratio of 2.44 and a beta of 0.35. Xcel Energy Inc. has a 12 month low of $62.12 and a 12 month high of $74.57. The company has a quick ratio of 0.85, a current ratio of 0.96 and a debt-to-equity ratio of 1.48. The stock has a 50-day moving average price of $72.50 and a 200 day moving average price of $70.33.

Xcel Energy (NASDAQ:XEL) last announced its quarterly earnings data on Thursday, July 31st. The company reported $0.75 earnings per share 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 business had revenue of $3.29 billion for the quarter, compared to analyst estimates of $3.31 billion. During the same period in the prior year, the business posted $0.54 earnings per share. Xcel Energy’s revenue was up 8.6% compared to the same quarter last year. Xcel Energy has set its FY 2025 guidance at 3.750-3.850 EPS. Research analysts expect that Xcel Energy Inc. will post 3.82 EPS 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. The ex-dividend date of this dividend is Monday, September 15th. This represents a $2.28 annualized dividend and a dividend yield of 3.1%. 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.