D.A. Davidson & CO. Acquires 678 Shares of Xcel Energy Inc. $XEL

D.A. Davidson & CO. boosted its holdings in Xcel Energy Inc. (NASDAQ:XEL) by 2.5% in the second quarter, HoldingsChannel reports. The firm owned 27,869 shares of the company’s stock after purchasing an additional 678 shares during the period. D.A. Davidson & CO.’s holdings in Xcel Energy were worth $1,898,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. DekaBank Deutsche Girozentrale increased its holdings in Xcel Energy by 0.5% in the second quarter. DekaBank Deutsche Girozentrale now owns 93,013 shares of the company’s stock worth $6,306,000 after purchasing an additional 442 shares in the last quarter. Townsend & Associates Inc increased its holdings in Xcel Energy by 38.0% in the second quarter. Townsend & Associates Inc now owns 8,486 shares of the company’s stock worth $617,000 after purchasing an additional 2,338 shares in the last quarter. Sentry Investment Management LLC bought a new stake in Xcel Energy in the second quarter worth approximately $117,000. Forvis Mazars Wealth Advisors LLC increased its holdings in Xcel Energy by 1.5% in the second quarter. Forvis Mazars Wealth Advisors LLC now owns 14,962 shares of the company’s stock worth $1,019,000 after purchasing an additional 219 shares in the last quarter. Finally, International Assets Investment Management LLC increased its holdings in Xcel Energy by 6.0% in the second quarter. International Assets Investment Management LLC now owns 7,209 shares of the company’s stock worth $491,000 after purchasing an additional 407 shares in the last quarter. 78.38% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Mizuho set a $83.00 target price on Xcel Energy in a report on Thursday, September 25th. UBS Group raised their price objective on Xcel Energy from $82.00 to $84.00 and gave the company a “neutral” rating in a research note on Friday, October 10th. Cowen initiated coverage on Xcel Energy in a research note on Wednesday, October 15th. They issued a “buy” rating for the company. BTIG Research raised Xcel Energy to a “strong-buy” rating in a research note on Wednesday, October 22nd. Finally, Evercore ISI initiated coverage on Xcel Energy in a research note on Monday, October 6th. They issued an “outperform” rating and a $92.00 price objective for the company. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $86.23.

Xcel Energy Stock Down 0.0%

Shares of NASDAQ:XEL opened at $80.39 on Monday. The stock has a market cap of $47.54 billion, a price-to-earnings ratio of 22.27, a PEG ratio of 2.83 and a beta of 0.37. The company has a quick ratio of 0.85, a current ratio of 0.96 and a debt-to-equity ratio of 1.48. Xcel Energy Inc. has a 12-month low of $62.58 and a 12-month high of $83.01. The business’s 50 day moving average is $76.22 and its 200 day moving average is $72.14.

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, beating the consensus estimate of $0.66 by $0.09. The company had revenue of $3.29 billion for the quarter, compared to analysts’ expectations of $3.31 billion. Xcel Energy had a return on equity of 10.52% and a net margin of 14.85%.Xcel Energy’s quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.54 earnings per share. Xcel Energy has set its FY 2025 guidance at 3.750-3.850 EPS. On average, sell-side analysts forecast that Xcel Energy Inc. will post 3.82 earnings per share for the current fiscal year.

Xcel Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, October 20th. Investors of record on Monday, September 15th were given a dividend of $0.57 per share. The ex-dividend date of this dividend was Monday, September 15th. This represents a $2.28 annualized dividend and a dividend yield of 2.8%. Xcel Energy’s payout ratio is presently 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.