Xcel Energy Inc. $XEL Shares Sold by Union Bancaire Privee UBP SA

Union Bancaire Privee UBP SA cut its stake in shares of Xcel Energy Inc. (NASDAQ:XEL) by 24.9% during the second quarter, HoldingsChannel.com reports. The firm owned 9,838 shares of the company’s stock after selling 3,266 shares during the period. Union Bancaire Privee UBP SA’s holdings in Xcel Energy were worth $670,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in XEL. Price T Rowe Associates Inc. MD boosted its position in shares of 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 worth $1,827,090,000 after buying an additional 6,109,190 shares in the last quarter. Nuveen LLC purchased a new stake in shares of Xcel Energy in the 1st quarter worth about $155,510,000. JPMorgan Chase & Co. boosted its position 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 buying an additional 1,520,092 shares in the last quarter. Vanguard Group Inc. boosted its position 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 buying an additional 986,170 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its position 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 buying an additional 981,849 shares in the last quarter. 78.38% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on XEL shares. Bank of America boosted their price objective on shares of Xcel Energy from $78.00 to $84.00 and gave the stock a “buy” rating in a research report on Thursday, September 25th. BMO Capital Markets set a $84.00 price objective on shares of Xcel Energy in a research report on Thursday, September 25th. Mizuho set a $83.00 target price on shares of Xcel Energy in a report on Thursday, September 25th. UBS Group set a $82.00 target price on shares of Xcel Energy in a report on Thursday, September 25th. Finally, Morgan Stanley reduced their target price on shares of Xcel Energy from $81.00 to $80.00 and set an “equal weight” rating on the stock in a report on Thursday, September 25th. Nine investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $80.36.

Xcel Energy Trading Up 0.7%

NASDAQ XEL opened at $80.65 on Wednesday. Xcel Energy Inc. has a 12 month low of $62.12 and a 12 month high of $80.96. The company has a 50-day moving average of $73.32 and a 200-day moving average of $70.68. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.96 and a quick ratio of 0.85. The company has a market cap of $47.70 billion, a P/E ratio of 22.34, a P/E/G ratio of 2.70 and a beta of 0.35.

Xcel Energy (NASDAQ:XEL) last posted 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. The firm had revenue of $3.29 billion during the quarter, compared to the consensus estimate 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 in the prior year, the company earned $0.54 EPS. Xcel Energy has set its FY 2025 guidance at 3.750-3.850 EPS. As a group, equities analysts predict that Xcel Energy Inc. will post 3.82 earnings per share for the current year.

Xcel Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 20th. Investors of record on Monday, September 15th will be given 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 of this dividend is Monday, September 15th. Xcel Energy’s dividend payout ratio is 63.16%.

Xcel Energy 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.