Xcel Energy Inc. $XEL Shares Purchased by Bleakley Financial Group LLC

Bleakley Financial Group LLC boosted its position in Xcel Energy Inc. (NASDAQ:XEL) by 12.4% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 28,052 shares of the company’s stock after purchasing an additional 3,099 shares during the quarter. Bleakley Financial Group LLC’s holdings in Xcel Energy were worth $1,910,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in XEL. Price T Rowe Associates Inc. MD raised its stake in Xcel Energy by 31.0% in the 1st 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 last quarter. Nuveen LLC acquired a new stake in shares of Xcel Energy in the 1st quarter worth $155,510,000. JPMorgan Chase & Co. increased its stake in shares of Xcel Energy by 7.9% in the 1st quarter. JPMorgan Chase & Co. now owns 20,811,241 shares of the company’s stock worth $1,473,228,000 after acquiring an additional 1,520,092 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Xcel Energy by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 74,818,158 shares of the company’s stock worth $5,296,377,000 after acquiring an additional 986,170 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its stake in shares of Xcel Energy by 5,894.2% in the 2nd quarter. Assenagon Asset Management S.A. now owns 998,507 shares of the company’s stock worth $67,998,000 after acquiring an additional 981,849 shares during the last quarter. 78.38% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. BMO Capital Markets raised their target price on Xcel Energy from $84.00 to $87.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 15th. TD Cowen assumed coverage on Xcel Energy in a research note on Thursday, October 16th. They issued a “buy” rating and a $93.00 target price for the company. Weiss Ratings raised Xcel Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday. UBS Group raised their target price on Xcel Energy from $82.00 to $84.00 and gave the stock a “neutral” rating in a research note on Friday, October 10th. Finally, KeyCorp raised their target price on Xcel Energy from $79.00 to $85.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 15th. Two research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Xcel Energy has an average rating of “Buy” and a consensus target price of $86.23.

Xcel Energy Stock Down 0.0%

Shares of NASDAQ:XEL opened at $80.39 on Friday. The business has a 50-day moving average price of $76.22 and a 200 day moving average price of $72.08. 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 company has a market capitalization of $47.55 billion, a price-to-earnings ratio of 22.27, a PEG ratio of 2.84 and a beta of 0.37. Xcel Energy Inc. has a 12-month low of $62.58 and a 12-month high of $83.01.

Xcel Energy (NASDAQ:XEL) last issued its quarterly earnings data 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. The firm had revenue of $3.29 billion during the quarter, compared to the consensus estimate of $3.31 billion. Xcel Energy had a return on equity of 10.52% and a net margin of 14.85%.The company’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period last year, the company earned $0.54 EPS. Xcel Energy has set its FY 2025 guidance at 3.750-3.850 EPS. Sell-side analysts expect that Xcel Energy Inc. will post 3.82 EPS for the current year.

Xcel Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, October 20th. Investors of record on Monday, September 15th were issued a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date was Monday, September 15th. Xcel Energy’s dividend payout ratio (DPR) is 63.16%.

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.