Cookson Peirce & Co. Inc. Raises Stake in Xcel Energy Inc. $XEL

Cookson Peirce & Co. Inc. raised its position in shares of Xcel Energy Inc. (NASDAQ:XEL) by 24.1% during the 2nd quarter, Holdings Channel.com reports. The firm owned 20,093 shares of the company’s stock after purchasing an additional 3,903 shares during the period. Cookson Peirce & Co. Inc.’s holdings in Xcel Energy were worth $1,368,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. LCM Capital Management Inc lifted its holdings in Xcel Energy by 4.3% during the second quarter. LCM Capital Management Inc now owns 3,572 shares of the company’s stock valued at $243,000 after purchasing an additional 147 shares in the last quarter. Blair William & Co. IL lifted its holdings in shares of Xcel Energy by 0.4% in the second quarter. Blair William & Co. IL now owns 38,183 shares of the company’s stock worth $2,600,000 after buying an additional 151 shares in the last quarter. LRI Investments LLC lifted its holdings in shares of Xcel Energy by 8.7% in the second quarter. LRI Investments LLC now owns 2,068 shares of the company’s stock worth $141,000 after buying an additional 165 shares in the last quarter. Conning Inc. lifted its holdings in shares of Xcel Energy by 4.1% in the first quarter. Conning Inc. now owns 4,400 shares of the company’s stock worth $311,000 after buying an additional 172 shares in the last quarter. Finally, Mutual Advisors LLC lifted its holdings in shares of Xcel Energy by 5.8% in the second quarter. Mutual Advisors LLC now owns 3,114 shares of the company’s stock worth $226,000 after buying an additional 172 shares in the last quarter. Hedge funds and other institutional investors own 78.38% of the company’s stock.

Xcel Energy Trading Up 0.1%

Shares of XEL opened at $80.69 on Thursday. The company’s fifty day moving average is $75.89 and its 200 day moving average is $71.90. Xcel Energy Inc. has a fifty-two week low of $62.58 and a fifty-two week high of $83.01. The stock has a market capitalization of $47.72 billion, a PE ratio of 22.35, a P/E/G ratio of 2.84 and a beta of 0.37. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.85 and a current ratio of 0.96.

Xcel Energy (NASDAQ:XEL) last announced its quarterly earnings results on Thursday, July 31st. The company reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.09. Xcel Energy had a net margin of 14.85% and a return on equity of 10.52%. The company had revenue of $3.29 billion for the quarter, compared to analysts’ expectations of $3.31 billion. During the same quarter in the previous year, the business posted $0.54 earnings per share. Xcel Energy’s quarterly revenue was up 8.6% on a year-over-year basis. Xcel Energy has set its FY 2025 guidance at 3.750-3.850 EPS. Sell-side analysts expect that Xcel Energy Inc. will post 3.82 earnings per share for the current fiscal year.

Xcel Energy Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research firms have recently commented on XEL. Cowen began coverage on shares of Xcel Energy in a report on Wednesday, October 15th. They issued a “buy” rating on the stock. BMO Capital Markets boosted their target price on shares of Xcel Energy from $84.00 to $87.00 and gave the stock an “outperform” rating in a report on Wednesday, October 15th. Weiss Ratings reissued a “hold (c+)” rating on shares of Xcel Energy in a report on Wednesday, October 8th. UBS Group boosted their target price on shares of Xcel Energy from $82.00 to $84.00 and gave the stock a “neutral” rating in a report on Friday, October 10th. Finally, KeyCorp boosted their target price on shares of Xcel Energy from $79.00 to $85.00 and gave the stock an “overweight” rating in a report on Wednesday, October 15th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $86.23.

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.