Rosenberg Matthew Hamilton Has $310,000 Holdings in Xcel Energy Inc. $XEL

Rosenberg Matthew Hamilton lifted its holdings in Xcel Energy Inc. (NASDAQ:XEL) by 76.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,557 shares of the company’s stock after purchasing an additional 1,971 shares during the period. Rosenberg Matthew Hamilton’s holdings in Xcel Energy were worth $310,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of XEL. Brighton Jones LLC acquired a new stake in shares of Xcel Energy in the 4th quarter valued at $240,000. Wealth Enhancement Advisory Services LLC raised its holdings in Xcel Energy by 18.3% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 472,344 shares of the company’s stock worth $33,437,000 after acquiring an additional 73,036 shares during the period. Janney Montgomery Scott LLC raised its holdings in Xcel Energy by 2.5% in the 1st quarter. Janney Montgomery Scott LLC now owns 137,451 shares of the company’s stock worth $9,730,000 after acquiring an additional 3,344 shares during the period. Sowell Financial Services LLC bought a new position in Xcel Energy in the 1st quarter worth $353,000. Finally, Sagespring Wealth Partners LLC raised its holdings in Xcel Energy by 15.6% in the 1st quarter. Sagespring Wealth Partners LLC now owns 5,242 shares of the company’s stock worth $371,000 after acquiring an additional 709 shares during the period. Institutional investors and hedge funds own 78.38% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Bank of America lifted their target price on shares of Xcel Energy from $78.00 to $84.00 and gave the stock a “buy” rating in a report on Thursday, September 25th. Evercore ISI assumed coverage on shares of Xcel Energy in a report on Monday, October 6th. They issued an “outperform” rating and a $92.00 target price on the stock. BMO Capital Markets lifted their target price on shares of Xcel Energy from $84.00 to $87.00 and gave the stock an “outperform” rating in a report on Wednesday. Morgan Stanley dropped 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. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Xcel Energy in a report on Wednesday, October 8th. Ten analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Xcel Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $82.73.

Xcel Energy Stock Performance

NASDAQ:XEL opened at $81.80 on Thursday. The firm’s 50-day moving average is $75.08 and its 200-day moving average is $71.54. Xcel Energy Inc. has a 52-week low of $62.58 and a 52-week high of $82.54. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.85 and a current ratio of 0.96. The company has a market cap of $48.38 billion, a price-to-earnings ratio of 22.66, a PEG ratio of 2.85 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 (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.09. The company had revenue of $3.29 billion for 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 business’s revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.54 EPS. Xcel Energy has set its FY 2025 guidance at 3.750-3.850 EPS. Equities research analysts anticipate 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 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 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.