Viking Fund Management LLC raised its position in shares of Xcel Energy Inc. (NASDAQ:XEL – Free Report) by 15.4% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 300,000 shares of the company’s stock after acquiring an additional 40,000 shares during the period. Xcel Energy makes up about 1.7% of Viking Fund Management LLC’s investment portfolio, making the stock its 12th largest position. Viking Fund Management LLC’s holdings in Xcel Energy were worth $21,144,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. BlackRock Inc. purchased a new stake in shares of Xcel Energy during the second quarter valued at $4,890,136,000. GQG Partners LLC bought a new stake in Xcel Energy during the 2nd quarter valued at about $891,688,000. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in Xcel Energy during the 2nd quarter valued at about $708,086,000. Legal & General Group Plc purchased a new stake in Xcel Energy in the 2nd quarter valued at about $503,543,000. Finally, Deutsche Bank AG purchased a new stake in Xcel Energy in the 2nd quarter valued at about $433,927,000. Hedge funds and other institutional investors own 78.38% of the company’s stock.
Xcel Energy Stock Up 1.0%
NASDAQ:XEL opened at $75.36 on Thursday. The company has a market cap of $47.07 billion, a PE ratio of 18.48, a P/E/G ratio of 2.48 and a beta of 0.36. Xcel Energy Inc. has a twelve month low of $68.72 and a twelve month high of $84.23. The company has a current ratio of 0.70, a quick ratio of 0.62 and a debt-to-equity ratio of 1.49. The company’s 50 day moving average is $74.87 and its two-hundred day moving average is $78.00.
Xcel Energy Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 20th. Stockholders of record on Tuesday, September 15th will be paid a dividend of $0.5925 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $2.37 dividend on an annualized basis and a dividend yield of 3.1%. Xcel Energy’s dividend payout ratio (DPR) is presently 64.93%.
Xcel Energy News Summary
Here are the key news stories impacting Xcel Energy this week:
- Positive Sentiment: KeyCorp raised its EPS estimates to $4.19 for FY2026, $4.56 for FY2027, $4.97 for FY2028, $5.43 for FY2029 and $5.93 for FY2030, while retaining an Overweight rating. The higher forecasts suggest improving expectations for Xcel’s long-term earnings trajectory. KeyBanc Adjusts Xcel Energy Price Target to $87 From $90
- Positive Sentiment: KeyCorp’s $87 target remains above Xcel Energy’s recent trading level, indicating potential upside despite the reduction from $90. The company’s current-year consensus EPS estimate is approximately $4.12. Xcel Energy Analyst Estimates
- Neutral Sentiment: An earnings preview is drawing attention to Xcel Energy ahead of its quarterly results. The report could increase near-term volatility as investors assess whether the utility can meet or exceed earnings expectations. Xcel Energy Earnings Preview: What to Expect
- Neutral Sentiment: Xcel Energy was included in a Zacks screen of utility stocks with potential to beat quarterly earnings estimates, offering a modestly favorable signal but not a company-specific earnings confirmation. Utilities Stocks That Could Beat Earnings
- Negative Sentiment: Barclays lowered its Xcel Energy price target to $85 from $90. Although the revised target remains above the recent share price, the cut suggests more limited near-term upside than previously expected. Barclays Adjusts Price Target on Xcel Energy
Wall Street Analysts Forecast Growth
A number of equities analysts have recently issued reports on the company. BMO Capital Markets dropped their price target on Xcel Energy from $95.00 to $92.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 22nd. Weiss Ratings upgraded Xcel Energy from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, October 2nd. JPMorgan Chase & Co. lifted their price objective on Xcel Energy from $91.00 to $102.00 and gave the company an “overweight” rating in a report on Thursday, July 16th. New Street Research set a $91.00 price objective on shares of Xcel Energy in a research note on Tuesday, June 23rd. Finally, Mizuho set a $92.00 target price on shares of Xcel Energy in a report on Friday, July 31st. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $91.41.
Read Our Latest Analysis on Xcel Energy
Xcel Energy Company Profile
Xcel Energy Inc is a Minneapolis-based energy company that provides electricity and natural gas through regulated utility operations. Its businesses generate, transmit, distribute and sell electricity, as well as distribute natural gas to residential, commercial and industrial customers.
Through its operating companies, Xcel Energy serves customers in Colorado, Michigan, Minnesota, New Mexico, North Dakota, South Dakota, Texas and Wisconsin. The company’s operations include a diverse generation portfolio featuring wind, solar, hydroelectric, nuclear, natural gas and other energy resources.
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