LRI Investments LLC Acquires 165 Shares of Xcel Energy Inc. $XEL

LRI Investments LLC boosted its holdings in shares of Xcel Energy Inc. (NASDAQ:XEL) by 8.7% during the 2nd quarter, Holdings Channel.com reports. The fund owned 2,068 shares of the company’s stock after purchasing an additional 165 shares during the period. LRI Investments LLC’s holdings in Xcel Energy were worth $141,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in Xcel Energy by 1.3% during the first quarter. Vanguard Group Inc. now owns 74,818,158 shares of the company’s stock valued at $5,296,377,000 after acquiring an additional 986,170 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Xcel Energy by 31.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 25,809,978 shares of the company’s stock valued at $1,827,090,000 after purchasing an additional 6,109,190 shares during the period. JPMorgan Chase & Co. raised its position in shares of Xcel Energy by 7.9% in the first quarter. JPMorgan Chase & Co. now owns 20,811,241 shares of the company’s stock valued at $1,473,228,000 after purchasing an additional 1,520,092 shares during the period. Northern Trust Corp raised its position in shares of Xcel Energy by 5.8% in the first quarter. Northern Trust Corp now owns 5,967,952 shares of the company’s stock valued at $422,471,000 after purchasing an additional 328,845 shares during the period. Finally, Invesco Ltd. raised its position in shares of Xcel Energy by 0.6% in the first quarter. Invesco Ltd. now owns 5,711,917 shares of the company’s stock valued at $404,347,000 after purchasing an additional 33,469 shares during the period. Institutional investors own 78.38% of the company’s stock.

Xcel Energy Trading Down 0.4%

Shares of XEL stock opened at $80.93 on Monday. Xcel Energy Inc. has a 1 year low of $62.12 and a 1 year high of $82.54. The firm’s fifty day simple moving average is $74.65 and its 200 day simple moving average is $71.33. The firm has a market capitalization of $47.86 billion, a P/E ratio of 22.42, a price-to-earnings-growth ratio of 2.72 and a beta of 0.37. 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 (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. 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 for the quarter, compared to analyst estimates of $3.31 billion. During the same quarter in the previous year, the firm posted $0.54 earnings per share. Xcel Energy’s 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, sell-side analysts predict that Xcel Energy Inc. will post 3.82 EPS for the current year.

Xcel Energy Announces Dividend

The firm also recently declared 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 is Monday, September 15th. This represents a $2.28 dividend on an annualized basis and a yield of 2.8%. Xcel Energy’s payout ratio is currently 63.16%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on XEL. Bank of America lifted their price target on shares of Xcel Energy from $78.00 to $84.00 and gave the company a “buy” rating in a research report on Thursday, September 25th. Evercore ISI began coverage on shares of Xcel Energy in a research report on Monday, October 6th. They issued an “outperform” rating and a $92.00 price target on the stock. Weiss Ratings reissued a “hold (c+)” rating on shares of Xcel Energy in a research report on Wednesday, October 8th. BMO Capital Markets set a $84.00 price target on shares of Xcel Energy in a research report on Thursday, September 25th. Finally, Barclays lifted their price target on shares of Xcel Energy from $72.00 to $81.00 and gave the company an “overweight” rating in a research report on Monday, September 29th. Nine analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, Xcel Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $81.91.

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.