TD Asset Management Inc Purchases 5,705 Shares of Xcel Energy Inc. $XEL

TD Asset Management Inc boosted its position in shares of Xcel Energy Inc. (NASDAQ:XEL) by 2.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 231,099 shares of the company’s stock after purchasing an additional 5,705 shares during the period. TD Asset Management Inc’s holdings in Xcel Energy were worth $15,738,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of XEL. Accent Capital Management LLC bought a new position in shares of Xcel Energy in the 1st quarter valued at about $29,000. BankPlus Trust Department bought a new position in shares of Xcel Energy in the 1st quarter valued at about $34,000. Rise Advisors LLC grew its holdings in shares of Xcel Energy by 62.9% in 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 in the last quarter. Marshall & Sullivan Inc. WA bought a new position in Xcel Energy during the second quarter worth about $44,000. Finally, RMG Wealth Management LLC bought a new position in Xcel Energy during the second quarter worth about $46,000. Institutional investors own 78.38% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on XEL shares. BMO Capital Markets lifted their price target on Xcel Energy from $84.00 to $87.00 and gave the stock an “outperform” rating in a report on Wednesday. Cowen started coverage on Xcel Energy in a report on Wednesday. They set a “buy” rating for the company. KeyCorp raised their price objective on shares of Xcel Energy from $79.00 to $85.00 and gave the stock an “overweight” rating in a research report on Wednesday. Mizuho set a $83.00 price objective on Xcel Energy in a report on Thursday, September 25th. Finally, Jefferies Financial Group boosted their price objective on Xcel Energy from $84.00 to $92.00 and gave the stock a “buy” rating in a report on Thursday. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, Xcel Energy presently has an average rating of “Moderate Buy” and a consensus target price of $84.92.

Xcel Energy Stock Up 0.1%

Shares of XEL opened at $81.16 on Friday. Xcel Energy Inc. has a one year low of $62.58 and a one year high of $83.01. The company has a market cap of $48.00 billion, a P/E ratio of 22.48, a P/E/G ratio of 2.86 and a beta of 0.37. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.96 and a quick ratio of 0.85. The firm has a 50 day simple moving average of $75.40 and a two-hundred day simple moving average of $71.69.

Xcel Energy (NASDAQ:XEL) last announced its quarterly earnings data on Thursday, July 31st. The company reported $0.75 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 the consensus estimate of $3.31 billion. Xcel Energy had a net margin of 14.85% and a return on equity of 10.52%. The company’s revenue was up 8.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.54 earnings per share. Xcel Energy has set its FY 2025 guidance at 3.750-3.850 EPS. Research analysts forecast that Xcel Energy Inc. will post 3.82 EPS for the current fiscal year.

Xcel Energy Dividend Announcement

The business 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 dividend of $0.57 per share. The ex-dividend date is Monday, September 15th. This represents a $2.28 annualized dividend and a dividend yield of 2.8%. Xcel Energy’s dividend 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.