Xcel Energy Inc. $XEL Shares Purchased by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale boosted its holdings in Xcel Energy Inc. (NASDAQ:XEL) by 0.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 93,013 shares of the company’s stock after purchasing an additional 442 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Xcel Energy were worth $6,306,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in XEL. Accent Capital Management LLC bought a new stake in Xcel Energy in the first quarter valued at $29,000. BankPlus Trust Department bought a new stake in Xcel Energy in the first quarter worth about $34,000. Rise Advisors LLC raised its position in Xcel Energy by 62.9% in the second quarter. Rise Advisors LLC now owns 518 shares of the company’s stock worth $35,000 after acquiring an additional 200 shares in the last quarter. Marshall & Sullivan Inc. WA bought a new stake in Xcel Energy in the second quarter worth about $44,000. Finally, RMG Wealth Management LLC purchased a new position in Xcel Energy in the 2nd quarter worth about $46,000. Institutional investors and hedge funds own 78.38% of the company’s stock.

Xcel Energy Stock Performance

Xcel Energy stock opened at $80.39 on Friday. 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 stock has a fifty day moving average price of $76.22 and a two-hundred day moving average price of $72.08. Xcel Energy Inc. has a 52-week low of $62.58 and a 52-week high of $83.01. The firm has a market capitalization of $47.55 billion, a P/E ratio of 22.27, a P/E/G ratio of 2.84 and a beta of 0.37.

Xcel Energy (NASDAQ:XEL) last released its quarterly earnings data on Thursday, July 31st. The company reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.09. Xcel Energy had a return on equity of 10.52% and a net margin of 14.85%.The firm had revenue of $3.29 billion during the quarter, compared to analyst estimates of $3.31 billion. During the same period in the prior year, the company posted $0.54 earnings per share. The business’s revenue for the quarter 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, analysts anticipate that Xcel Energy Inc. will post 3.82 EPS for the current fiscal 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 dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 2.8%. The ex-dividend date was Monday, September 15th. Xcel Energy’s dividend payout ratio is presently 63.16%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on XEL shares. Evercore ISI initiated coverage on Xcel Energy in a research note on Monday, October 6th. They issued an “outperform” rating and a $92.00 price target on the stock. Mizuho set a $83.00 price target on Xcel Energy in a report on Thursday, September 25th. UBS Group boosted their target price on Xcel Energy from $82.00 to $84.00 and gave the stock a “neutral” rating in a report on Friday, October 10th. BMO Capital Markets boosted their target price on Xcel Energy from $84.00 to $87.00 and gave the stock an “outperform” rating in a report on Wednesday, October 15th. Finally, Jefferies Financial Group upped their price target on Xcel Energy from $84.00 to $92.00 and gave the stock a “buy” rating in a report on Thursday, October 16th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $86.23.

About Xcel Energy

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.