JPMorgan Chase & Co. Has $1.70 Billion Stock Holdings in Xcel Energy Inc. $XEL

JPMorgan Chase & Co. increased its position in shares of Xcel Energy Inc. (NASDAQ:XEL) by 4.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 21,026,015 shares of the company’s stock after acquiring an additional 831,639 shares during the quarter. JPMorgan Chase & Co.’s holdings in Xcel Energy were worth $1,695,748,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. State Street Corp raised its holdings in Xcel Energy by 0.4% in the second quarter. State Street Corp now owns 34,144,257 shares of the company’s stock worth $2,344,295,000 after purchasing an additional 126,790 shares during the period. Bank of America Corp DE increased its position in shares of Xcel Energy by 9.0% in the 2nd quarter. Bank of America Corp DE now owns 26,262,079 shares of the company’s stock valued at $1,788,448,000 after buying an additional 2,157,602 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in Xcel Energy by 4.3% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 19,526,873 shares of the company’s stock worth $1,574,842,000 after buying an additional 807,353 shares during the period. Geode Capital Management LLC raised its stake in Xcel Energy by 2.9% during the 2nd quarter. Geode Capital Management LLC now owns 16,191,204 shares of the company’s stock worth $1,108,006,000 after buying an additional 460,103 shares during the period. Finally, Invesco Ltd. lifted its holdings in Xcel Energy by 29.0% during the second quarter. Invesco Ltd. now owns 7,366,422 shares of the company’s stock worth $501,653,000 after acquiring an additional 1,654,505 shares in the last quarter. Institutional investors own 78.38% of the company’s stock.

Xcel Energy Stock Performance

Shares of NASDAQ XEL opened at $81.59 on Tuesday. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.69 and a current ratio of 0.79. The stock has a 50 day moving average price of $75.34 and a 200 day moving average price of $76.53. The stock has a market capitalization of $48.26 billion, a PE ratio of 23.86, a price-to-earnings-growth ratio of 2.23 and a beta of 0.45. Xcel Energy Inc. has a 52 week low of $65.21 and a 52 week high of $83.01.

Xcel Energy (NASDAQ:XEL) last posted its quarterly earnings results on Thursday, February 5th. The company reported $0.96 earnings per share for the quarter, hitting the consensus estimate of $0.96. The firm had revenue of $3.56 billion for the quarter, compared to analyst estimates of $3.77 billion. Xcel Energy had a return on equity of 10.83% and a net margin of 13.76%.The business’s quarterly revenue was up 14.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.81 EPS. Xcel Energy has set its FY 2026 guidance at 4.040-4.160 EPS. Analysts predict that Xcel Energy Inc. will post 3.82 earnings per share for the current fiscal year.

Xcel Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 20th. Stockholders of record on Monday, December 29th were given a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend was Monday, December 29th. Xcel Energy’s dividend payout ratio (DPR) is 66.67%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on XEL shares. KeyCorp lowered their price target on Xcel Energy from $85.00 to $84.00 and set an “overweight” rating for the company in a report on Friday, December 12th. Barclays dropped their target price on shares of Xcel Energy from $85.00 to $82.00 and set an “overweight” rating on the stock in a report on Thursday, January 15th. BMO Capital Markets reiterated an “outperform” rating and issued a $90.00 price target on shares of Xcel Energy in a report on Friday, February 6th. BTIG Research set a $94.00 price objective on shares of Xcel Energy in a report on Friday, January 30th. Finally, UBS Group raised shares of Xcel Energy from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $81.00 to $89.00 in a research report on Friday. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $88.13.

About Xcel Energy

Xcel Energy (NASDAQ: XEL) is a Minneapolis-based, publicly traded utility holding company that develops, owns and operates regulated electricity and natural gas delivery systems. The company’s core activities include generation, transmission and distribution of electricity, the delivery of natural gas to customers, and related customer service operations. Xcel provides a mix of utility services to residential, commercial and industrial customers and participates in wholesale energy markets where appropriate.

Its generation portfolio combines nuclear, natural gas, coal and a growing share of renewable resources such as wind and solar.