Tema Etfs LLC Takes Position in Xcel Energy Inc. $XEL

Tema Etfs LLC bought a new stake in shares of Xcel Energy Inc. (NASDAQ:XEL) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 28,077 shares of the company’s stock, valued at approximately $1,988,000.

Other hedge funds have also bought and sold shares of the company. Accent Capital Management LLC bought a new stake in shares of Xcel Energy during the first quarter valued at approximately $29,000. BankPlus Trust Department bought a new position in Xcel Energy during the 1st quarter valued at $34,000. Rossby Financial LCC bought a new position in Xcel Energy during the 1st quarter valued at $50,000. Itau Unibanco Holding S.A. bought a new position in Xcel Energy during the 4th quarter valued at $52,000. Finally, Alpine Bank Wealth Management bought a new position in Xcel Energy during the 1st quarter valued at $53,000. 78.38% of the stock is currently owned by institutional investors and hedge funds.

Xcel Energy Stock Up 0.5%

XEL stock opened at $72.87 on Thursday. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.96 and a quick ratio of 0.85. Xcel Energy Inc. has a 52-week low of $60.60 and a 52-week high of $74.57. The company has a 50-day moving average of $70.80 and a two-hundred day moving average of $69.90. The stock has a market capitalization of $43.10 billion, a price-to-earnings ratio of 20.19, a price-to-earnings-growth ratio of 2.44 and a beta of 0.34.

Xcel Energy (NASDAQ:XEL) last posted its quarterly earnings data on Thursday, July 31st. The company reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.09. The company had revenue of $3.29 billion during the quarter, compared to analyst estimates of $3.31 billion. Xcel Energy had a net margin of 14.85% and a return on equity of 10.52%. The company’s revenue was up 8.6% on a year-over-year basis. During the same quarter last year, the business posted $0.54 earnings per share. Xcel Energy has set its FY 2025 guidance at 3.750-3.850 EPS. As a group, equities research analysts anticipate that Xcel Energy Inc. will post 3.82 EPS for the current year.

Xcel Energy Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date of this dividend is Monday, September 15th. This represents a $2.28 dividend on an annualized basis and a yield of 3.1%. Xcel Energy’s dividend payout ratio (DPR) is presently 63.16%.

Analysts Set New Price Targets

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

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.