International Assets Investment Management LLC Raises Holdings in Xcel Energy Inc. $XEL

International Assets Investment Management LLC increased its position in shares of Xcel Energy Inc. (NASDAQ:XEL) by 6.0% in the 2nd quarter, Holdings Channel reports. The firm owned 7,209 shares of the company’s stock after purchasing an additional 407 shares during the period. International Assets Investment Management LLC’s holdings in Xcel Energy were worth $491,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Xcel Energy by 1.3% during the first quarter. Vanguard Group Inc. now owns 74,818,158 shares of the company’s stock worth $5,296,377,000 after purchasing an additional 986,170 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Xcel Energy by 31.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 25,809,978 shares of the company’s stock worth $1,827,090,000 after purchasing an additional 6,109,190 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Xcel Energy by 7.9% during the first 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 during the last quarter. Northern Trust Corp boosted its stake in Xcel Energy by 5.8% during the first quarter. Northern Trust Corp now owns 5,967,952 shares of the company’s stock worth $422,471,000 after buying an additional 328,845 shares during the last quarter. Finally, Invesco Ltd. boosted its stake in Xcel Energy by 0.6% during the first quarter. Invesco Ltd. now owns 5,711,917 shares of the company’s stock worth $404,347,000 after buying an additional 33,469 shares during 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 analysts have recently commented on XEL shares. TD Cowen started coverage on Xcel Energy in a research note on Thursday, October 16th. They issued a “buy” rating and a $93.00 price target on the stock. Weiss Ratings reissued a “hold (c+)” rating on shares of Xcel Energy in a research note on Wednesday, October 8th. UBS Group upped their price target on Xcel Energy from $82.00 to $84.00 and gave the stock a “neutral” rating in a report on Friday, October 10th. Morgan Stanley cut their price target on 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, Barclays upped their price target on Xcel Energy from $72.00 to $81.00 and gave the stock an “overweight” rating in a report on Monday, September 29th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $85.77.

Xcel Energy Trading Down 0.8%

XEL opened at $80.64 on Wednesday. Xcel Energy Inc. has a one year low of $62.58 and a one year high of $83.01. The company has a market cap of $47.69 billion, a P/E ratio of 22.34, a PEG ratio of 2.87 and a beta of 0.37. 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 business’s 50-day simple moving average is $75.73 and its 200-day simple moving average is $71.84.

Xcel Energy (NASDAQ:XEL) last released its quarterly earnings data on Thursday, July 31st. The company reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.66 by $0.09. Xcel Energy had a return on equity of 10.52% and a net margin of 14.85%.The business had revenue of $3.29 billion for the quarter, compared to the consensus estimate of $3.31 billion. During the same quarter in the prior year, the business posted $0.54 EPS. The business’s revenue for the quarter was up 8.6% on a year-over-year basis. Xcel Energy has set its FY 2025 guidance at 3.750-3.850 EPS. As a group, equities research analysts expect that Xcel Energy Inc. will post 3.82 EPS for the current fiscal year.

Xcel Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 20th. Stockholders of record on Monday, September 15th were issued a $0.57 dividend. The ex-dividend date was Monday, September 15th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.8%. Xcel Energy’s dividend payout ratio is presently 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.