Norden Group LLC Purchases 1,036 Shares of Xcel Energy Inc. $XEL

Norden Group LLC raised its stake in Xcel Energy Inc. (NASDAQ:XEL) by 12.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,199 shares of the company’s stock after acquiring an additional 1,036 shares during the period. Norden Group LLC’s holdings in Xcel Energy were worth $626,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in Xcel Energy by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 74,818,158 shares of the company’s stock valued at $5,296,377,000 after acquiring an additional 986,170 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Xcel Energy by 31.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 25,809,978 shares of the company’s stock valued at $1,827,090,000 after acquiring an additional 6,109,190 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Xcel Energy by 7.9% in the 1st quarter. JPMorgan Chase & Co. now owns 20,811,241 shares of the company’s stock valued at $1,473,228,000 after acquiring an additional 1,520,092 shares in the last quarter. Northern Trust Corp raised its holdings in Xcel Energy by 5.8% in the 1st quarter. Northern Trust Corp now owns 5,967,952 shares of the company’s stock valued at $422,471,000 after acquiring an additional 328,845 shares in the last quarter. Finally, Invesco Ltd. raised its holdings in Xcel Energy by 0.6% in the 1st quarter. Invesco Ltd. now owns 5,711,917 shares of the company’s stock valued at $404,347,000 after acquiring an additional 33,469 shares in the last quarter. 78.38% of the stock is owned by institutional investors and hedge funds.

Xcel Energy Price Performance

Xcel Energy stock opened at $77.25 on Friday. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.85 and a current ratio of 0.96. Xcel Energy Inc. has a 52 week low of $62.12 and a 52 week high of $78.80. The stock has a market capitalization of $45.69 billion, a P/E ratio of 21.40, a price-to-earnings-growth ratio of 2.62 and a beta of 0.35. The stock has a fifty day moving average of $72.83 and a 200-day moving average of $70.44.

Xcel Energy (NASDAQ:XEL) 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. Xcel Energy had a return on equity of 10.52% and a net margin of 14.85%.The business had revenue of $3.29 billion during the quarter, compared to analysts’ expectations of $3.31 billion. During the same quarter in the prior year, the firm earned $0.54 EPS. The business’s revenue for the quarter 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. On average, sell-side analysts expect that Xcel Energy Inc. will post 3.82 earnings per share for the current fiscal year.

Xcel Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 20th. Shareholders 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 yield of 3.0%. The ex-dividend date of this dividend is Monday, September 15th. Xcel Energy’s dividend payout ratio is presently 63.16%.

Analyst Ratings Changes

Several equities analysts have weighed in on XEL shares. Bank of America lifted their price objective on Xcel Energy from $78.00 to $84.00 and gave the company a “buy” rating in a report on Thursday. UBS Group reaffirmed a “neutral” rating on shares of Xcel Energy in a report on Thursday. Morgan Stanley lowered their price target on Xcel Energy from $81.00 to $80.00 and set an “equal weight” rating for the company in a report on Thursday. Mizuho boosted their price target on Xcel Energy from $78.00 to $80.00 and gave the stock an “outperform” rating in a report on Wednesday. Finally, BMO Capital Markets raised Xcel Energy from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $73.00 to $80.00 in a report on Monday. Nine analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $78.55.

About Xcel Energy

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.