OLD National Bancorp IN Makes New Investment in Xcel Energy Inc. $XEL

OLD National Bancorp IN acquired a new stake in shares of Xcel Energy Inc. (NASDAQ:XEL) during the second quarter, HoldingsChannel reports. The fund acquired 4,306 shares of the company’s stock, valued at approximately $293,000.

A number of other hedge funds also recently made changes to their positions in XEL. Accent Capital Management LLC bought a new position in shares of Xcel Energy during the 1st quarter valued at approximately $29,000. BankPlus Trust Department bought a new position in shares of Xcel Energy during the 1st quarter valued at approximately $34,000. Rise Advisors LLC grew its stake in shares of Xcel Energy by 62.9% during the 2nd quarter. Rise Advisors LLC now owns 518 shares of the company’s stock valued at $35,000 after acquiring an additional 200 shares during the period. Marshall & Sullivan Inc. WA bought a new position in shares of Xcel Energy during the 2nd quarter valued at approximately $44,000. Finally, Rossby Financial LCC bought a new position in shares of Xcel Energy during the 1st quarter valued at approximately $50,000. 78.38% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently weighed in on XEL. Bank of America upped 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. Mizuho set a $83.00 price objective on Xcel Energy in a research note on Thursday, September 25th. Barclays upped their price objective on Xcel Energy from $72.00 to $81.00 and gave the stock an “overweight” rating in a research note on Monday, September 29th. Evercore ISI began coverage on Xcel Energy in a research note on Monday. They issued an “outperform” rating and a $92.00 price objective for the company. Finally, BMO Capital Markets set a $84.00 price objective on Xcel Energy in a research note on Thursday, September 25th. Nine analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $81.73.

Xcel Energy Price Performance

NASDAQ:XEL opened at $81.85 on Wednesday. The firm has a market capitalization of $48.41 billion, a price-to-earnings ratio of 22.67, a PEG ratio of 2.73 and a beta of 0.37. Xcel Energy Inc. has a 1 year low of $62.12 and a 1 year high of $82.09. The business has a 50 day simple moving average of $74.16 and a 200-day simple moving average of $71.05. 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:XEL) last posted its quarterly earnings data on Thursday, July 31st. The company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.09. The business had revenue of $3.29 billion during 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 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. Equities analysts forecast that Xcel Energy Inc. will post 3.82 EPS for the current year.

Xcel Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 20th. Stockholders of record on Monday, September 15th will be paid a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend is Monday, September 15th. Xcel Energy’s dividend payout ratio (DPR) is presently 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.