Xcel Energy Inc. $XEL Shares Acquired by Norinchukin Bank The

Norinchukin Bank The increased its stake in shares of Xcel Energy Inc. (NASDAQ:XEL) by 45.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 40,608 shares of the company’s stock after acquiring an additional 12,637 shares during the period. Norinchukin Bank The’s holdings in Xcel Energy were worth $2,875,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Conning Inc. boosted its position in Xcel Energy by 4.1% in the 1st quarter. Conning Inc. now owns 4,400 shares of the company’s stock worth $311,000 after purchasing an additional 172 shares in the last quarter. Redhawk Wealth Advisors Inc. boosted its holdings in Xcel Energy by 4.3% during the first quarter. Redhawk Wealth Advisors Inc. now owns 4,406 shares of the company’s stock worth $312,000 after buying an additional 182 shares in the last quarter. Benjamin Edwards Inc. grew its position in Xcel Energy by 1.1% during the fourth quarter. Benjamin Edwards Inc. now owns 16,605 shares of the company’s stock valued at $1,121,000 after buying an additional 183 shares during the period. First Horizon Advisors Inc. increased its holdings in Xcel Energy by 3.1% in the first quarter. First Horizon Advisors Inc. now owns 5,998 shares of the company’s stock valued at $425,000 after buying an additional 183 shares in the last quarter. Finally, First National Advisers LLC increased its holdings in Xcel Energy by 0.5% in the first quarter. First National Advisers LLC now owns 33,930 shares of the company’s stock valued at $2,401,000 after buying an additional 183 shares in the last quarter. 78.38% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently commented on XEL. Evercore ISI lifted their price target on Xcel Energy from $74.00 to $77.00 and gave the company an “outperform” rating in a research note on Monday, April 28th. Mizuho boosted their price objective on Xcel Energy from $74.00 to $78.00 and gave the company an “outperform” rating in a research report on Friday, August 1st. Wells Fargo & Company set a $78.00 target price on Xcel Energy and gave the stock an “overweight” rating in a research note on Friday, April 25th. Morgan Stanley dropped their price target on shares of Xcel Energy from $78.00 to $77.00 and set an “equal weight” rating on the stock in a research note on Wednesday, June 18th. Finally, Wall Street Zen cut shares of Xcel Energy from a “hold” rating to a “sell” rating in a research report on Tuesday, May 20th. Eight analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, Xcel Energy has an average rating of “Moderate Buy” and an average target price of $76.00.

Xcel Energy Stock Performance

Shares of NASDAQ:XEL opened at $74.26 on Friday. 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 Inc. has a 1 year low of $59.91 and a 1 year high of $74.57. The firm has a market capitalization of $43.92 billion, a PE ratio of 20.57, a P/E/G ratio of 2.46 and a beta of 0.34. The business’s 50 day moving average price is $70.40 and its 200-day moving average price is $69.79.

Xcel Energy (NASDAQ:XEL) last announced its quarterly earnings data on Thursday, July 31st. The company reported $0.75 earnings per share for the quarter, beating 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 company had revenue of $3.29 billion for the quarter, compared to analyst estimates of $3.31 billion. During the same quarter last year, the firm posted $0.54 EPS. The firm’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. As a group, equities research analysts expect that Xcel Energy Inc. will post 3.82 earnings per share for the current fiscal year.

Xcel Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 20th. Investors of record on Monday, September 15th will be given a dividend of $0.57 per share. The ex-dividend date is Monday, September 15th. This represents a $2.28 dividend on an annualized basis and a yield of 3.1%. Xcel Energy’s payout ratio 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.