Xcel Energy Inc. $XEL Shares Acquired by Blair William & Co. IL

Blair William & Co. IL lifted its stake in shares of Xcel Energy Inc. (NASDAQ:XEL) by 0.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 38,183 shares of the company’s stock after acquiring an additional 151 shares during the quarter. Blair William & Co. IL’s holdings in Xcel Energy were worth $2,600,000 at the end of the most recent reporting period.

A number of other hedge funds have also 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 $29,000. BankPlus Trust Department bought a new position in Xcel Energy in the 1st quarter worth $34,000. Rise Advisors LLC raised its holdings in Xcel Energy by 62.9% in the 2nd quarter. Rise Advisors LLC now owns 518 shares of the company’s stock worth $35,000 after acquiring an additional 200 shares during the period. Marshall & Sullivan Inc. WA bought a new position in Xcel Energy in the 2nd quarter worth $44,000. Finally, RMG Wealth Management LLC bought a new position in Xcel Energy in the 2nd quarter worth $46,000. Institutional investors and hedge funds own 78.38% of the company’s stock.

Xcel Energy Price Performance

NASDAQ XEL opened at $80.85 on Wednesday. The company has a market cap of $47.82 billion, a PE ratio of 22.40, a price-to-earnings-growth ratio of 2.83 and a beta of 0.37. Xcel Energy Inc. has a 52 week low of $62.58 and a 52 week high of $82.54. 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 firm’s 50-day simple moving average is $74.91 and its two-hundred day simple moving average is $71.47.

Xcel Energy (NASDAQ:XEL) last announced its quarterly 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 net margin of 14.85% and a return on equity of 10.52%. The firm had revenue of $3.29 billion for the quarter, compared to the consensus estimate of $3.31 billion. During the same period in the prior year, the firm posted $0.54 earnings per share. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. Xcel Energy has set its FY 2025 guidance at 3.750-3.850 EPS. Research analysts predict that Xcel Energy Inc. will post 3.82 earnings per share for the current 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 given a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Monday, September 15th. Xcel Energy’s dividend payout ratio is 63.16%.

Wall Street Analyst Weigh In

XEL has been the topic of several recent analyst reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of Xcel Energy in a report on Wednesday, October 8th. Morgan Stanley decreased their price target on shares of Xcel Energy from $81.00 to $80.00 and set an “equal weight” rating on the stock in a research report on Thursday, September 25th. UBS Group raised their price target on shares of Xcel Energy from $82.00 to $84.00 and gave the stock a “neutral” rating in a research report on Friday. Mizuho set a $83.00 price target on shares of Xcel Energy in a research report on Thursday, September 25th. Finally, Barclays raised their price target on shares of Xcel Energy from $72.00 to $81.00 and gave the stock an “overweight” rating in a research report on Monday, September 29th. Nine research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $81.91.

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.