Credit Agricole S A Purchases 13,496 Shares of Xcel Energy Inc. $XEL

Credit Agricole S A lifted its stake in Xcel Energy Inc. (NASDAQ:XEL) by 8.3% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 175,785 shares of the company’s stock after purchasing an additional 13,496 shares during the period. Credit Agricole S A’s holdings in Xcel Energy were worth $12,444,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in XEL. Brighton Jones LLC acquired a new stake in Xcel Energy during the 4th quarter worth $240,000. Marshall Wace LLP increased its position in shares of Xcel Energy by 1,562.0% in the fourth quarter. Marshall Wace LLP now owns 58,055 shares of the company’s stock valued at $3,920,000 after acquiring an additional 54,562 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Xcel Energy by 4.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,916,787 shares of the company’s stock valued at $129,423,000 after acquiring an additional 80,744 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S increased its position in shares of Xcel Energy by 77.0% in the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 17,646 shares of the company’s stock valued at $1,191,000 after acquiring an additional 7,674 shares during the last quarter. Finally, MML Investors Services LLC increased its position in shares of Xcel Energy by 1.0% in the fourth quarter. MML Investors Services LLC now owns 73,073 shares of the company’s stock valued at $4,934,000 after acquiring an additional 708 shares during the last quarter. 78.38% of the stock is currently owned by institutional investors.

Xcel Energy Stock Performance

Shares of XEL opened at $73.17 on Thursday. 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 has a market capitalization of $43.27 billion, a P/E ratio of 20.27, a price-to-earnings-growth ratio of 2.47 and a beta of 0.34. The firm’s fifty day simple moving average is $70.19 and its two-hundred day simple moving average is $69.70. Xcel Energy Inc. has a 12 month low of $59.60 and a 12 month high of $74.57.

Xcel Energy (NASDAQ:XEL) last issued its quarterly earnings results on Thursday, July 31st. The company reported $0.75 EPS for the quarter, beating analysts’ consensus estimates 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 net margin of 14.85% and a return on equity of 10.52%. During the same quarter in the prior year, the firm posted $0.54 earnings per share. The business’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. As a group, analysts predict that Xcel Energy Inc. will post 3.82 EPS for the current year.

Xcel Energy Dividend Announcement

The company 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 $0.57 dividend. The ex-dividend date is Monday, September 15th. This represents a $2.28 annualized dividend and a dividend yield of 3.1%. Xcel Energy’s dividend payout ratio (DPR) is currently 63.16%.

Analysts Set New Price Targets

A number of research firms recently commented on XEL. Morgan Stanley reduced their price target on Xcel Energy from $78.00 to $77.00 and set an “equal weight” rating for the company in a report on Wednesday, June 18th. Wall Street Zen downgraded shares of Xcel Energy from a “hold” rating to a “sell” rating in a research report on Tuesday, May 20th. BMO Capital Markets lifted their price target on shares of Xcel Energy from $69.00 to $73.00 and gave the company a “market perform” rating in a research report on Wednesday, April 23rd. Mizuho lifted their price target 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. Finally, Evercore ISI boosted their price objective 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. Eight investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $76.00.

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.