Yousif Capital Management LLC Buys 12,087 Shares of Xcel Energy Inc. $XEL

Yousif Capital Management LLC increased its stake in shares of Xcel Energy Inc. (NASDAQ:XEL) by 15.5% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 89,890 shares of the company’s stock after acquiring an additional 12,087 shares during the period. Yousif Capital Management LLC’s holdings in Xcel Energy were worth $6,122,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Accent Capital Management LLC bought a new stake in Xcel Energy during the first quarter worth about $29,000. BankPlus Trust Department bought a new stake in Xcel Energy during the first quarter worth about $34,000. Rise Advisors LLC raised its holdings in Xcel Energy by 62.9% during 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 during the second quarter worth about $44,000. Finally, RMG Wealth Management LLC bought a new stake in Xcel Energy during the second quarter worth about $46,000. Institutional investors own 78.38% of the company’s stock.

Wall Street Analysts Forecast Growth

XEL has been the topic of a number of recent analyst reports. Weiss Ratings reissued a “hold (c+)” rating on shares of Xcel Energy in a research report on Wednesday, October 8th. Bank of America boosted their price target on Xcel Energy from $78.00 to $84.00 and gave the stock a “buy” rating in a research report on Thursday, September 25th. Barclays boosted their price target on Xcel Energy from $72.00 to $81.00 and gave the stock an “overweight” rating in a research report on Monday, September 29th. UBS Group boosted their price target on Xcel Energy from $82.00 to $84.00 and gave the stock a “neutral” rating in a research report on Friday. Finally, BMO Capital Markets set a $84.00 price target on Xcel Energy in a research report on Thursday, September 25th. Nine research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $81.91.

Xcel Energy Price Performance

Xcel Energy stock opened at $80.85 on Wednesday. Xcel Energy Inc. has a 12 month low of $62.58 and a 12 month high of $82.54. The stock’s 50 day moving average is $74.91 and its 200-day moving average is $71.47. 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 capitalization of $47.82 billion, a price-to-earnings ratio of 22.40, a PEG ratio of 2.83 and a beta of 0.37.

Xcel Energy (NASDAQ:XEL) last posted its earnings results on Thursday, July 31st. The company reported $0.75 EPS for the quarter, beating 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 company had revenue of $3.29 billion for the quarter, compared to the consensus estimate of $3.31 billion. During the same quarter in the prior year, the business earned $0.54 earnings per share. The firm’s revenue for the quarter was up 8.6% on a year-over-year basis. Xcel Energy has set its FY 2025 guidance at 3.750-3.850 EPS. Equities research analysts expect that Xcel Energy Inc. will post 3.82 EPS for the current year.

Xcel Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 20th. Stockholders of record on Monday, September 15th will be given a $0.57 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $2.28 annualized dividend and a dividend yield of 2.8%. Xcel Energy’s dividend payout ratio is presently 63.16%.

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.