Cbre Investment Management Listed Real Assets LLC Acquires 362,519 Shares of Xcel Energy Inc. $XEL

Cbre Investment Management Listed Real Assets LLC grew its holdings in Xcel Energy Inc. (NASDAQ:XEL) by 33.2% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,455,038 shares of the company’s stock after acquiring an additional 362,519 shares during the quarter. Xcel Energy accounts for approximately 1.6% of Cbre Investment Management Listed Real Assets LLC’s investment portfolio, making the stock its 18th biggest position. Cbre Investment Management Listed Real Assets LLC owned about 0.25% of Xcel Energy worth $103,002,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of XEL. Vanguard Group Inc. raised its stake in Xcel Energy by 1.3% during the first quarter. Vanguard Group Inc. now owns 74,818,158 shares of the company’s stock worth $5,296,377,000 after acquiring an additional 986,170 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Xcel Energy by 31.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 25,809,978 shares of the company’s stock valued at $1,827,090,000 after buying an additional 6,109,190 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Xcel Energy by 7.9% in the 1st quarter. JPMorgan Chase & Co. now owns 20,811,241 shares of the company’s stock valued at $1,473,228,000 after buying an additional 1,520,092 shares during the last quarter. Bank of America Corp DE raised its holdings in Xcel Energy by 43.6% in the 4th quarter. Bank of America Corp DE now owns 20,762,745 shares of the company’s stock valued at $1,401,901,000 after buying an additional 6,306,380 shares during the last quarter. Finally, Northern Trust Corp raised its holdings in Xcel Energy by 5.8% in the 1st quarter. Northern Trust Corp now owns 5,967,952 shares of the company’s stock valued at $422,471,000 after buying an additional 328,845 shares during the last quarter. Institutional investors own 78.38% of the company’s stock.

Analyst Upgrades and Downgrades

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

Xcel Energy Price Performance

Shares of NASDAQ:XEL opened at $74.26 on Friday. The company has a current ratio of 0.96, a quick ratio of 0.85 and a debt-to-equity ratio of 1.48. The stock’s fifty day simple moving average is $70.40 and its two-hundred day simple moving average is $69.79. Xcel Energy Inc. has a 1-year low of $59.91 and a 1-year high of $74.57. The stock has a market cap of $43.92 billion, a PE ratio of 20.57, a price-to-earnings-growth ratio of 2.46 and a beta of 0.34.

Xcel Energy (NASDAQ:XEL) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.09. The business had revenue of $3.29 billion for 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% on a year-over-year basis. During the same period last year, the business earned $0.54 EPS. Xcel Energy has set its FY 2025 guidance at 3.750-3.850 EPS. As a group, analysts forecast that Xcel Energy Inc. will post 3.82 EPS for the current fiscal year.

Xcel Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 20th. Stockholders of record on Monday, September 15th will be paid a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date is Monday, September 15th. 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.