D.A. Davidson & CO. Has $1.90 Million Holdings in Xcel Energy Inc. $XEL

D.A. Davidson & CO. boosted its holdings in Xcel Energy Inc. (NASDAQ:XEL) by 2.5% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 27,869 shares of the company’s stock after buying an additional 678 shares during the quarter. D.A. Davidson & CO.’s holdings in Xcel Energy were worth $1,898,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of XEL. Price T Rowe Associates Inc. MD boosted its stake in Xcel Energy by 31.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 25,809,978 shares of the company’s stock valued at $1,827,090,000 after buying an additional 6,109,190 shares in the last quarter. Nuveen LLC acquired a new stake in Xcel Energy in the first quarter valued at about $155,510,000. JPMorgan Chase & Co. boosted its stake in Xcel Energy by 7.9% in the first quarter. JPMorgan Chase & Co. now owns 20,811,241 shares of the company’s stock valued at $1,473,228,000 after buying an additional 1,520,092 shares in the last quarter. Vanguard Group Inc. boosted its stake in Xcel Energy by 1.3% in the first quarter. Vanguard Group Inc. now owns 74,818,158 shares of the company’s stock valued at $5,296,377,000 after buying an additional 986,170 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its stake in Xcel Energy by 5,894.2% in the second quarter. Assenagon Asset Management S.A. now owns 998,507 shares of the company’s stock valued at $67,998,000 after buying an additional 981,849 shares in the last quarter. 78.38% of the stock is owned by institutional investors and hedge funds.

Xcel Energy Price Performance

Shares of XEL opened at $80.39 on Monday. Xcel Energy Inc. has a 1 year low of $62.58 and a 1 year high of $83.01. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.96 and a quick ratio of 0.85. The company has a market capitalization of $47.54 billion, a price-to-earnings ratio of 22.27, a price-to-earnings-growth ratio of 2.83 and a beta of 0.37. The business has a 50-day moving average of $76.22 and a 200-day moving average of $72.14.

Xcel Energy (NASDAQ:XEL) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.75 earnings per share (EPS) for the quarter, topping 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 company had revenue of $3.29 billion during the quarter, compared to the consensus estimate of $3.31 billion. During the same period last year, the company earned $0.54 earnings per share. The firm’s 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. As a group, equities research analysts anticipate that Xcel Energy Inc. will post 3.82 earnings per share for the current year.

Xcel Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 20th. Stockholders of record on Monday, September 15th were given a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date was Monday, September 15th. Xcel Energy’s dividend payout ratio (DPR) is 63.16%.

Analyst Ratings Changes

XEL has been the subject of several research reports. UBS Group increased their target price on Xcel Energy from $82.00 to $84.00 and gave the company a “neutral” rating in a research report on Friday, October 10th. BTIG Research upgraded Xcel Energy to a “strong-buy” rating in a research report on Wednesday, October 22nd. Cowen initiated coverage on Xcel Energy in a research report on Wednesday, October 15th. They issued a “buy” rating for the company. Barclays increased their target price on Xcel Energy from $72.00 to $81.00 and gave the company an “overweight” rating in a research report on Monday, September 29th. Finally, Weiss Ratings upgraded Xcel Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday. Two investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $86.23.

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.