Hoese & Co LLP Buys 3,480 Shares of Xcel Energy Inc. $XEL

Hoese & Co LLP raised its stake in Xcel Energy Inc. (NASDAQ:XEL) by 17,400.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,500 shares of the company’s stock after purchasing an additional 3,480 shares during the period. Hoese & Co LLP’s holdings in Xcel Energy were worth $238,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of XEL. Accent Capital Management LLC bought a new stake in Xcel Energy in the 1st quarter valued at $29,000. BankPlus Trust Department bought a new stake in Xcel Energy in the 1st quarter valued at $34,000. Rise Advisors LLC boosted its holdings in Xcel Energy by 62.9% in the 2nd quarter. Rise Advisors LLC now owns 518 shares of the company’s stock valued at $35,000 after purchasing an additional 200 shares during the period. Marshall & Sullivan Inc. WA bought a new stake in Xcel Energy in the 2nd quarter valued at $44,000. Finally, RMG Wealth Management LLC bought a new stake in Xcel Energy in the 2nd quarter valued at $46,000. 78.38% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

XEL has been the subject of a number of analyst reports. Barclays raised their price objective on shares of Xcel Energy from $72.00 to $81.00 and gave the stock an “overweight” rating in a report on Monday, September 29th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Xcel Energy in a report on Wednesday, October 8th. Mizuho set a $83.00 price objective on shares of Xcel Energy in a report on Thursday, September 25th. Cowen initiated coverage on shares of Xcel Energy in a report on Wednesday. They set a “buy” rating for the company. Finally, Jefferies Financial Group raised their price objective on shares of Xcel Energy from $84.00 to $92.00 and gave the stock a “buy” rating in a report on Thursday. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $84.92.

Xcel Energy Trading Up 0.1%

Shares of Xcel Energy stock opened at $81.16 on Friday. The stock has a market capitalization of $48.00 billion, a P/E ratio of 22.48, a price-to-earnings-growth ratio of 2.86 and a beta of 0.37. The company has a quick ratio of 0.85, a current ratio of 0.96 and a debt-to-equity ratio of 1.48. The company has a 50-day simple moving average of $75.40 and a 200 day simple moving average of $71.68. Xcel Energy Inc. has a 12-month low of $62.58 and a 12-month high of $83.01.

Xcel Energy (NASDAQ:XEL) last announced its earnings results on Thursday, July 31st. The company reported $0.75 earnings per share (EPS) for the quarter, topping 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 net margin of 14.85% and a return on equity of 10.52%. The firm’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter last year, the company posted $0.54 EPS. Xcel Energy has set its FY 2025 guidance at 3.750-3.850 EPS. Research analysts expect that Xcel Energy Inc. will post 3.82 earnings per share for the current fiscal year.

Xcel Energy Dividend Announcement

The company also recently announced 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 dividend yield of 2.8%. Xcel Energy’s dividend payout ratio (DPR) is 63.16%.

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.