Xcel Energy Inc. $XEL Shares Purchased by International Assets Investment Management LLC

International Assets Investment Management LLC increased its position in shares of Xcel Energy Inc. (NASDAQ:XEL) by 6.0% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,209 shares of the company’s stock after purchasing an additional 407 shares during the quarter. International Assets Investment Management LLC’s holdings in Xcel Energy were worth $491,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Navellier & Associates Inc. acquired a new stake in shares of Xcel Energy during the first quarter worth about $2,735,000. J.W. Cole Advisors Inc. acquired a new stake in shares of Xcel Energy during the first quarter worth about $905,000. Financial Gravity Asset Management Inc. acquired a new stake in shares of Xcel Energy during the first quarter worth about $329,000. Pinnacle Financial Partners Inc acquired a new stake in shares of Xcel Energy during the first quarter worth about $267,000. Finally, Electron Capital Partners LLC raised its position in Xcel Energy by 93.7% during the first quarter. Electron Capital Partners LLC now owns 1,921,636 shares of the company’s stock valued at $136,033,000 after acquiring an additional 929,516 shares in the last quarter. Institutional investors and hedge funds own 78.38% of the company’s stock.

Xcel Energy Stock Down 0.8%

Xcel Energy stock opened at $80.64 on Wednesday. The stock has a market capitalization of $47.69 billion, a PE ratio of 22.34, a price-to-earnings-growth ratio of 2.87 and a beta of 0.37. Xcel Energy Inc. has a 12 month low of $62.58 and a 12 month high of $83.01. The business has a 50 day simple moving average of $75.73 and a 200-day simple moving average of $71.84. 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 EPS for the quarter, beating analysts’ consensus estimates of $0.66 by $0.09. The business had revenue of $3.29 billion during the quarter, compared to analysts’ expectations of $3.31 billion. Xcel Energy had a return on equity of 10.52% and a net margin of 14.85%.The business’s revenue was up 8.6% compared to the same quarter last year. 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. On average, analysts anticipate that Xcel Energy Inc. will post 3.82 EPS for the current fiscal year.

Xcel Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 20th. Stockholders of record on Monday, September 15th were given a $0.57 dividend. The ex-dividend date was Monday, September 15th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.8%. Xcel Energy’s payout ratio is 63.16%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on XEL. Bank of America lifted their price target on Xcel Energy from $78.00 to $84.00 and gave the company a “buy” rating in a research report on Thursday, September 25th. KeyCorp lifted their price target on Xcel Energy from $79.00 to $85.00 and gave the company an “overweight” rating in a research report on Wednesday, October 15th. Barclays lifted their price target on Xcel Energy from $72.00 to $81.00 and gave the company an “overweight” rating in a research report on Monday, September 29th. Cowen began coverage on Xcel Energy in a research report on Wednesday, October 15th. They set a “buy” rating for the company. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Xcel Energy in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Xcel Energy presently has an average rating of “Moderate Buy” and an average target price of $85.77.

Xcel Energy Company 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.