Xcel Energy Inc. $XEL Shares Sold by Intact Investment Management Inc.

Intact Investment Management Inc. decreased its stake in Xcel Energy Inc. (NASDAQ:XEL) by 10.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 74,400 shares of the company’s stock after selling 8,700 shares during the period. Intact Investment Management Inc.’s holdings in Xcel Energy were worth $5,495,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Quadrant Capital Group LLC raised its position in Xcel Energy by 1.7% during the 3rd quarter. Quadrant Capital Group LLC now owns 7,358 shares of the company’s stock worth $593,000 after buying an additional 125 shares during the last quarter. TIAA Trust National Association raised its position in Xcel Energy by 1.0% during the 3rd quarter. TIAA Trust National Association now owns 12,683 shares of the company’s stock worth $1,022,000 after buying an additional 126 shares during the last quarter. Warwick Investment Management Inc. increased its holdings in shares of Xcel Energy by 2.9% in the 3rd quarter. Warwick Investment Management Inc. now owns 4,970 shares of the company’s stock valued at $401,000 after purchasing an additional 140 shares in the last quarter. Intrust Bank NA increased its holdings in shares of Xcel Energy by 1.3% in the 3rd quarter. Intrust Bank NA now owns 11,360 shares of the company’s stock valued at $916,000 after purchasing an additional 142 shares in the last quarter. Finally, GeoWealth Management LLC increased its holdings in shares of Xcel Energy by 4.8% in the 3rd quarter. GeoWealth Management LLC now owns 3,185 shares of the company’s stock valued at $257,000 after purchasing an additional 145 shares in the last quarter. Institutional investors and hedge funds own 78.38% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. BMO Capital Markets increased their price target on shares of Xcel Energy from $90.00 to $94.00 and gave the company an “outperform” rating in a report on Wednesday, April 22nd. Royal Bank Of Canada reiterated an “outperform” rating and issued a $95.00 price target on shares of Xcel Energy in a report on Friday, January 23rd. KeyCorp increased their price target on shares of Xcel Energy from $89.00 to $90.00 and gave the company an “overweight” rating in a report on Tuesday, April 21st. Argus set a $86.00 price target on shares of Xcel Energy in a report on Thursday, March 12th. Finally, Evercore reiterated an “outperform” rating and issued a $96.00 price target on shares of Xcel Energy in a report on Monday. Four equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $91.13.

Xcel Energy Stock Performance

NASDAQ:XEL opened at $81.17 on Tuesday. The company has a current ratio of 0.77, a quick ratio of 0.68 and a debt-to-equity ratio of 1.45. The firm has a 50-day moving average price of $80.70 and a two-hundred day moving average price of $78.71. Xcel Energy Inc. has a twelve month low of $65.21 and a twelve month high of $84.23. The company has a market capitalization of $50.66 billion, a P/E ratio of 23.39, a price-to-earnings-growth ratio of 2.15 and a beta of 0.41.

Xcel Energy (NASDAQ:XEL) last posted its earnings results on Thursday, April 30th. The company reported $0.91 earnings per share for the quarter, meeting the consensus estimate of $0.91. Xcel Energy had a net margin of 14.14% and a return on equity of 10.37%. The firm had revenue of $4.02 billion during the quarter, compared to the consensus estimate of $4.21 billion. During the same period last year, the firm posted $0.84 EPS. The firm’s revenue for the quarter was up 2.9% on a year-over-year basis. Xcel Energy has set its FY 2026 guidance at 4.040-4.16 EPS. As a group, research analysts expect that Xcel Energy Inc. will post 4.11 earnings per share for the current fiscal year.

Xcel Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 20th. Shareholders of record on Friday, March 13th were issued a dividend of $0.5925 per share. This is an increase from Xcel Energy’s previous quarterly dividend of $0.57. The ex-dividend date was Friday, March 13th. This represents a $2.37 annualized dividend and a yield of 2.9%. Xcel Energy’s payout ratio is 68.30%.

Xcel Energy Profile

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.