Mutual Advisors LLC Increases Stake in Xcel Energy Inc. $XEL

Mutual Advisors LLC raised its holdings in shares of Xcel Energy Inc. (NASDAQ:XEL) by 5.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,114 shares of the company’s stock after buying an additional 172 shares during the period. Mutual Advisors LLC’s holdings in Xcel Energy were worth $226,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in XEL. Accent Capital Management LLC bought a new position in shares of Xcel Energy in the first quarter worth approximately $29,000. BankPlus Trust Department bought a new position in shares of Xcel Energy in the first quarter worth approximately $34,000. Rise Advisors LLC boosted its position in shares of Xcel Energy by 62.9% in the second quarter. Rise Advisors LLC now owns 518 shares of the company’s stock worth $35,000 after purchasing an additional 200 shares during the period. Marshall & Sullivan Inc. WA bought a new position in shares of Xcel Energy in the second quarter worth approximately $44,000. Finally, RMG Wealth Management LLC bought a new position in shares of Xcel Energy in the second quarter worth approximately $46,000. 78.38% of the stock is owned by hedge funds and other institutional investors.

Xcel Energy Price Performance

XEL stock opened at $80.64 on Wednesday. Xcel Energy Inc. has a 52 week low of $62.58 and a 52 week high of $83.01. 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 fifty day simple moving average of $75.73 and a two-hundred day simple moving average of $71.84. The firm has a market capitalization of $47.69 billion, a P/E ratio of 22.34, a price-to-earnings-growth ratio of 2.87 and a beta of 0.37.

Xcel Energy (NASDAQ:XEL) last released its quarterly earnings data on Thursday, July 31st. The company reported $0.75 EPS for the quarter, beating 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 business had revenue of $3.29 billion during the quarter, compared to analyst estimates of $3.31 billion. During the same quarter last year, the business earned $0.54 earnings per share. Xcel Energy’s quarterly revenue was up 8.6% compared to the same quarter last year. Xcel Energy has set its FY 2025 guidance at 3.750-3.850 EPS. Analysts anticipate that Xcel Energy Inc. will post 3.82 earnings per share for the current fiscal year.

Xcel Energy Dividend Announcement

The firm 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 annualized dividend and a yield of 2.8%. Xcel Energy’s dividend payout ratio (DPR) is 63.16%.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Mizuho set a $83.00 price target on shares of Xcel Energy in a research report on Thursday, September 25th. Barclays upped their price target on shares of Xcel Energy from $72.00 to $81.00 and gave the stock an “overweight” rating in a research report on Monday, September 29th. BTIG Research assumed coverage on shares of Xcel Energy in a research report on Tuesday. They set a “buy” rating and a $96.00 target price for the company. TD Cowen assumed coverage on shares of Xcel Energy in a research report on Thursday, October 16th. They set a “buy” rating and a $93.00 target price for the company. Finally, Jefferies Financial Group upped their target price on shares of Xcel Energy from $84.00 to $92.00 and gave the stock a “buy” rating in a research report on Thursday, October 16th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $85.77.

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.