Xcel Energy Inc. $XEL Shares Bought by AMF Tjanstepension AB

AMF Tjanstepension AB raised its position in Xcel Energy Inc. (NASDAQ:XEL) by 458.7% during the 2nd quarter, Holdings Channel.com reports. The firm owned 195,312 shares of the company’s stock after acquiring an additional 160,352 shares during the quarter. AMF Tjanstepension AB’s holdings in Xcel Energy were worth $13,314,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. LCM Capital Management Inc boosted 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 worth $243,000 after buying an additional 147 shares in the last quarter. Conning Inc. boosted its holdings in Xcel Energy by 4.1% during 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. 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. First Horizon Advisors Inc. boosted its stake in Xcel Energy by 3.1% in the 1st quarter. First Horizon Advisors Inc. now owns 5,998 shares of the company’s stock worth $425,000 after purchasing an additional 183 shares during the period. Finally, First National Advisers LLC boosted its stake in Xcel Energy by 0.5% in the 1st quarter. First National Advisers LLC now owns 33,930 shares of the company’s stock worth $2,401,000 after purchasing an additional 183 shares during the period. Institutional investors and hedge funds own 78.38% of the company’s stock.

Xcel Energy Trading Up 0.8%

Shares of NASDAQ:XEL opened at $80.26 on Friday. The firm has a fifty day moving average of $73.77 and a two-hundred day moving average of $70.88. The firm has a market capitalization of $47.47 billion, a P/E ratio of 22.23, a price-to-earnings-growth ratio of 2.68 and a beta of 0.37. Xcel Energy Inc. has a 12-month low of $62.12 and a 12-month high of $81.15. The company has a quick ratio of 0.85, a current ratio of 0.96 and a debt-to-equity ratio of 1.48.

Xcel Energy (NASDAQ:XEL) last issued its earnings results on Thursday, July 31st. The company reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.66 by $0.09. The company had revenue of $3.29 billion during the quarter, compared to analyst estimates 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 for the quarter was up 8.6% on a year-over-year basis. During the same quarter last year, the business posted $0.54 EPS. Xcel Energy has set its FY 2025 guidance at 3.750-3.850 EPS. On average, equities analysts expect that Xcel Energy Inc. will post 3.82 EPS for the current fiscal year.

Xcel Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, October 20th. Shareholders of record on Monday, September 15th will be paid a dividend of $0.57 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.8%. Xcel Energy’s dividend payout ratio (DPR) is 63.16%.

Analyst Upgrades and Downgrades

XEL has been the subject of a number of recent analyst reports. UBS Group set a $82.00 price objective on shares of Xcel Energy in a research note on Thursday, September 25th. Mizuho set a $83.00 price objective on shares of Xcel Energy in a research note on Thursday, September 25th. Bank of America raised their price objective on shares of Xcel Energy from $78.00 to $84.00 and gave the stock a “buy” rating in a research note on Thursday, September 25th. Morgan Stanley decreased their price objective on shares of Xcel Energy from $81.00 to $80.00 and set an “equal weight” rating for the company in a research note on Thursday, September 25th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Xcel Energy in a research note on Saturday, September 27th. Nine investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, Xcel Energy has an average rating of “Moderate Buy” and a consensus target price of $80.36.

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.