Empirical Financial Services LLC d.b.a. Empirical Wealth Management Has $1.90 Million Stock Position in Xcel Energy Inc. $XEL

Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its stake in shares of Xcel Energy Inc. (NASDAQ:XEL) by 11.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 27,900 shares of the company’s stock after purchasing an additional 2,910 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in Xcel Energy were worth $1,900,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in XEL. Price T Rowe Associates Inc. MD raised its stake in Xcel Energy by 31.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 25,809,978 shares of the company’s stock worth $1,827,090,000 after buying an additional 6,109,190 shares during the period. Nuveen LLC acquired a new position in shares of Xcel Energy during the first quarter worth approximately $155,510,000. JPMorgan Chase & Co. raised its position in shares of 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 purchasing an additional 1,520,092 shares during the period. Vanguard Group Inc. raised 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 during the period. Finally, Assenagon Asset Management S.A. raised its holdings in Xcel Energy by 5,894.2% during the second quarter. Assenagon Asset Management S.A. now owns 998,507 shares of the company’s stock worth $67,998,000 after buying an additional 981,849 shares during the last quarter. 78.38% of the stock is owned by institutional investors and hedge funds.

Xcel Energy Trading Up 0.8%

NASDAQ:XEL opened at $80.26 on Friday. 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 firm has a market cap of $47.47 billion, a price-to-earnings ratio of 22.23, a price-to-earnings-growth ratio of 2.70 and a beta of 0.37. The firm has a 50-day moving average price of $73.77 and a two-hundred day moving average price of $70.88. Xcel Energy Inc. has a 52 week low of $62.12 and a 52 week high of $81.15.

Xcel Energy (NASDAQ:XEL) last issued its quarterly earnings results on Thursday, July 31st. The company reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.66 by $0.09. The company had revenue of $3.29 billion during 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%.Xcel Energy’s revenue was up 8.6% on a year-over-year basis. During the same period last year, the business posted $0.54 earnings per share. Xcel Energy has set its FY 2025 guidance at 3.750-3.850 EPS. On average, equities analysts expect 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. Investors of record on Monday, September 15th will be issued a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date is Monday, September 15th. Xcel Energy’s dividend payout ratio (DPR) is 63.16%.

Wall Street Analyst Weigh In

Several research firms have weighed in on XEL. Barclays upped their price objective on shares of Xcel Energy from $72.00 to $81.00 and gave the stock an “overweight” rating in a report on Monday, September 29th. Mizuho set a $83.00 target price on shares of Xcel Energy in a report on Thursday, September 25th. UBS Group set a $82.00 target price on shares of Xcel Energy in a report on Thursday, September 25th. BMO Capital Markets set a $84.00 price objective on Xcel Energy in a research note on Thursday, September 25th. Finally, Morgan Stanley lowered their price objective on Xcel Energy from $81.00 to $80.00 and set an “equal weight” rating for the company in a research note on Thursday, September 25th. Nine analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $80.36.

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.