Kestra Investment Management LLC Purchases 351 Shares of Xcel Energy Inc. $XEL

Kestra Investment Management LLC increased its stake in Xcel Energy Inc. (NASDAQ:XEL) by 10.7% in the first quarter, Holdings Channel reports. The institutional investor owned 3,617 shares of the company’s stock after acquiring an additional 351 shares during the period. Kestra Investment Management LLC’s holdings in Xcel Energy were worth $256,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Accent Capital Management LLC bought a new stake in Xcel Energy in the first quarter worth $29,000. BankPlus Trust Department bought a new stake in Xcel Energy in the first quarter worth $34,000. Rossby Financial LCC bought a new stake in Xcel Energy in the first quarter worth $50,000. Alpine Bank Wealth Management bought a new stake in Xcel Energy in the first quarter worth $53,000. Finally, Cary Street Partners Investment Advisory LLC lifted its position in Xcel Energy by 36.9% in the first quarter. Cary Street Partners Investment Advisory LLC now owns 861 shares of the company’s stock worth $61,000 after buying an additional 232 shares during the last quarter. 78.38% of the stock is currently owned by institutional investors.

Xcel Energy Stock Performance

Shares of Xcel Energy stock opened at $72.02 on Wednesday. The firm has a market cap of $42.59 billion, a P/E ratio of 19.95, a P/E/G ratio of 2.42 and a beta of 0.35. The company has a current ratio of 0.96, a quick ratio of 0.85 and a debt-to-equity ratio of 1.48. Xcel Energy Inc. has a 12 month low of $62.12 and a 12 month high of $74.57. The stock’s fifty day moving average price is $71.63 and its 200-day moving average price is $70.16.

Xcel Energy (NASDAQ:XEL) last announced its quarterly earnings results on Thursday, July 31st. The company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.66 by $0.09. The firm had revenue of $3.29 billion for the quarter, compared to analyst estimates of $3.31 billion. Xcel Energy had a return on equity of 10.52% and a net margin of 14.85%.The business’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.54 earnings per share. Xcel Energy has set its FY 2025 guidance at 3.750-3.850 EPS. On average, equities research analysts expect that Xcel Energy Inc. will post 3.82 earnings per share 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 $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 3.2%. The ex-dividend date is Monday, September 15th. Xcel Energy’s payout ratio is 63.16%.

Analyst Ratings Changes

Several research firms have recently weighed in on XEL. Wall Street Zen downgraded Xcel Energy from a “hold” rating to a “sell” rating in a research report on Tuesday, May 20th. Mizuho lifted their target price on Xcel Energy from $74.00 to $78.00 and gave the stock an “outperform” rating in a research report on Friday, August 1st. Finally, Morgan Stanley reiterated an “outperform” rating on shares of Xcel Energy in a research report on Thursday, August 21st. Eight analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $76.80.

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.