Xcel Energy Inc. $XEL Holdings Raised by Brookstone Capital Management

Brookstone Capital Management lifted its stake in shares of Xcel Energy Inc. (NASDAQ:XEL) by 10.3% during the second quarter, Holdings Channel.com reports. The firm owned 6,389 shares of the company’s stock after acquiring an additional 597 shares during the period. Brookstone Capital Management’s holdings in Xcel Energy were worth $435,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of XEL. Brighton Jones LLC bought a new stake in shares of Xcel Energy during the fourth quarter valued at about $240,000. Perigon Wealth Management LLC grew its holdings in Xcel Energy by 3.3% during the first quarter. Perigon Wealth Management LLC now owns 6,134 shares of the company’s stock worth $434,000 after acquiring an additional 197 shares during the period. Sequoia Financial Advisors LLC grew its holdings in Xcel Energy by 28.6% during the first quarter. Sequoia Financial Advisors LLC now owns 26,448 shares of the company’s stock worth $1,872,000 after acquiring an additional 5,883 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its holdings in Xcel Energy by 39.3% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 260,757 shares of the company’s stock worth $18,180,000 after acquiring an additional 73,523 shares during the period. Finally, Confluence Wealth Services Inc. acquired a new position in Xcel Energy during the first quarter worth about $201,000. 78.38% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on XEL shares. Jefferies Financial Group lifted their target price on Xcel Energy from $84.00 to $92.00 and gave the stock a “buy” rating in a report on Thursday, October 16th. KeyCorp lifted their target price on Xcel Energy from $79.00 to $85.00 and gave the stock an “overweight” rating in a report on Wednesday, October 15th. TD Cowen started coverage on Xcel Energy in a report on Thursday, October 16th. They set a “buy” rating and a $93.00 target price on the stock. Cowen started coverage on Xcel Energy in a report on Wednesday, October 15th. They set a “buy” rating on the stock. Finally, Weiss Ratings raised Xcel Energy from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday. 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 stock. According to MarketBeat, Xcel Energy currently has an average rating of “Buy” and an average target price of $86.54.

Xcel Energy Price Performance

NASDAQ XEL opened at $80.69 on Tuesday. The stock’s 50-day moving average price is $76.39 and its two-hundred day moving average price is $72.23. The company has a current ratio of 0.96, a quick ratio of 0.85 and a debt-to-equity ratio of 1.48. The company has a market cap of $47.72 billion, a PE ratio of 22.35, a PEG ratio of 2.83 and a beta of 0.37. Xcel Energy Inc. has a 1 year low of $62.58 and a 1 year high of $83.01.

Xcel Energy (NASDAQ:XEL) last issued its earnings results on Thursday, July 31st. The company reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates 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 return on equity of 10.52% and a net margin of 14.85%.The firm’s quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.54 EPS. Xcel Energy has set its FY 2025 guidance at 3.750-3.850 EPS. On average, analysts predict that Xcel Energy Inc. will post 3.82 EPS for the current year.

Xcel Energy Dividend Announcement

The firm also recently announced 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 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.