Xcel Energy Inc. $XEL Shares Acquired by DAVENPORT & Co LLC

DAVENPORT & Co LLC boosted its holdings in Xcel Energy Inc. (NASDAQ:XEL) by 3.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 72,541 shares of the company’s stock after acquiring an additional 2,416 shares during the period. DAVENPORT & Co LLC’s holdings in Xcel Energy were worth $4,940,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Accent Capital Management LLC acquired a new position in Xcel Energy in the first quarter valued at approximately $29,000. BankPlus Trust Department acquired a new position in Xcel Energy in the first quarter valued at approximately $34,000. Rise Advisors LLC lifted its holdings in Xcel Energy by 62.9% in the second quarter. Rise Advisors LLC now owns 518 shares of the company’s stock valued at $35,000 after acquiring an additional 200 shares during the last quarter. Marshall & Sullivan Inc. WA acquired a new position in Xcel Energy in the second quarter valued at approximately $44,000. Finally, Rossby Financial LCC acquired a new position in Xcel Energy in the first quarter valued at approximately $50,000. 78.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have commented on XEL. Weiss Ratings restated a “hold (c+)” rating on shares of Xcel Energy in a research note on Saturday, September 27th. Morgan Stanley decreased their price target on Xcel Energy from $81.00 to $80.00 and set an “equal weight” rating on the stock in a research note on Thursday, September 25th. Barclays upped their price target on Xcel Energy from $72.00 to $81.00 and gave the stock an “overweight” rating in a research note on Monday, September 29th. Bank of America upped their price target on Xcel Energy from $78.00 to $84.00 and gave the stock a “buy” rating in a research note on Thursday, September 25th. Finally, BMO Capital Markets set a $84.00 price target on Xcel Energy in a research note on Thursday, September 25th. Nine investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Xcel Energy presently has a consensus rating of “Moderate Buy” and an average price target of $81.73.

Xcel Energy Stock Up 1.0%

Xcel Energy stock opened at $81.85 on Wednesday. Xcel Energy Inc. has a twelve month low of $62.12 and a twelve month high of $82.09. The stock’s fifty day simple moving average is $74.16 and its 200-day simple moving average is $71.05. 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 firm has a market capitalization of $48.41 billion, a P/E ratio of 22.67, a P/E/G ratio of 2.73 and a beta of 0.37.

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 analysts’ consensus estimates of $0.66 by $0.09. The business 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 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 earnings per share. Xcel Energy has set its FY 2025 guidance at 3.750-3.850 EPS. As a group, equities analysts expect that Xcel Energy Inc. will post 3.82 earnings per share for the current fiscal 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 issued a $0.57 dividend. This represents a $2.28 annualized dividend 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 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.