TD Asset Management Inc Acquires 5,705 Shares of Xcel Energy Inc. $XEL

TD Asset Management Inc increased its holdings in Xcel Energy Inc. (NASDAQ:XEL) by 2.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 231,099 shares of the company’s stock after purchasing an additional 5,705 shares during the quarter. TD Asset Management Inc’s holdings in Xcel Energy were worth $15,738,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of XEL. Brighton Jones LLC bought a new stake in shares of Xcel Energy in the fourth quarter worth $240,000. Wealth Enhancement Advisory Services LLC grew its stake in shares of Xcel Energy by 18.3% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 472,344 shares of the company’s stock worth $33,437,000 after purchasing an additional 73,036 shares during the last quarter. Janney Montgomery Scott LLC grew its stake in shares of Xcel Energy by 2.5% in the first quarter. Janney Montgomery Scott LLC now owns 137,451 shares of the company’s stock worth $9,730,000 after purchasing an additional 3,344 shares during the last quarter. Sowell Financial Services LLC bought a new stake in shares of Xcel Energy in the first quarter worth $353,000. Finally, State of Alaska Department of Revenue grew its stake in shares of Xcel Energy by 2.7% in the first quarter. State of Alaska Department of Revenue now owns 67,275 shares of the company’s stock worth $4,762,000 after purchasing an additional 1,795 shares during the last quarter. Institutional investors own 78.38% of the company’s stock.

Analyst Ratings Changes

XEL has been the topic of several analyst reports. Mizuho set a $83.00 price objective on shares of Xcel Energy in a research note on Thursday, September 25th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Xcel Energy in a research report on Wednesday, October 8th. UBS Group upped their price target on shares of Xcel Energy from $82.00 to $84.00 and gave the company a “neutral” rating in a research report on Friday, October 10th. TD Cowen assumed coverage on shares of Xcel Energy in a research report on Thursday. They set a “buy” rating and a $93.00 price target on the stock. Finally, Morgan Stanley cut their price target on shares of Xcel Energy from $81.00 to $80.00 and set an “equal weight” rating on the stock in a research report on Thursday, September 25th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Xcel Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $84.92.

Xcel Energy Price Performance

Shares of NASDAQ XEL opened at $81.16 on Friday. The firm’s 50-day moving average price is $75.40 and its 200-day moving average price is $71.69. Xcel Energy Inc. has a 1-year low of $62.58 and a 1-year high of $83.01. The firm has a market capitalization of $48.00 billion, a P/E ratio of 22.48, a P/E/G ratio of 2.86 and a beta of 0.37. The company has a current ratio of 0.96, a quick ratio of 0.85 and a debt-to-equity ratio of 1.48.

Xcel Energy (NASDAQ:XEL) last announced its quarterly earnings data on Thursday, July 31st. The company reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.09. Xcel Energy had a net margin of 14.85% and a return on equity of 10.52%. The firm had revenue of $3.29 billion for the quarter, compared to analyst estimates of $3.31 billion. During the same quarter in the prior year, the business earned $0.54 earnings per share. The business’s quarterly revenue was up 8.6% compared to the same quarter last year. 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 fiscal year.

Xcel Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 20th. Stockholders of record on Monday, September 15th will be issued a dividend of $0.57 per share. The ex-dividend date is Monday, September 15th. This represents a $2.28 annualized dividend and a dividend yield of 2.8%. Xcel Energy’s dividend payout ratio is currently 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.