Magellan Asset Management Ltd Purchases 122,487 Shares of Xcel Energy Inc. $XEL

Magellan Asset Management Ltd lifted its position in shares of Xcel Energy Inc. (NASDAQ:XEL) by 6.1% during the third quarter, Holdings Channel reports. The institutional investor owned 2,125,537 shares of the company’s stock after purchasing an additional 122,487 shares during the period. Xcel Energy makes up approximately 2.0% of Magellan Asset Management Ltd’s investment portfolio, making the stock its 21st biggest position. Magellan Asset Management Ltd’s holdings in Xcel Energy were worth $171,425,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. raised its holdings in Xcel Energy by 2.7% during the third quarter. Vanguard Group Inc. now owns 76,725,720 shares of the company’s stock valued at $6,187,929,000 after acquiring an additional 2,001,018 shares during the period. State Street Corp grew its position in shares of Xcel Energy by 0.4% during 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 in the last quarter. Bank of America Corp DE raised its stake in Xcel Energy by 9.0% during 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 purchasing an additional 2,157,602 shares during the period. JPMorgan Chase & Co. raised its stake in Xcel Energy by 4.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 21,026,015 shares of the company’s stock valued at $1,695,748,000 after purchasing an additional 831,639 shares during the period. Finally, Massachusetts Financial Services Co. MA lifted its holdings in Xcel Energy by 4.3% in 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 purchasing an additional 807,353 shares in the last quarter. Hedge funds and other institutional investors own 78.38% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on XEL shares. JPMorgan Chase & Co. cut their price objective on shares of Xcel Energy from $90.00 to $87.00 and set an “overweight” rating for the company in a report on Thursday, December 11th. KeyCorp cut their target price on shares of Xcel Energy from $85.00 to $84.00 and set an “overweight” rating for the company in a research note on Friday, December 12th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Xcel Energy in a report on Wednesday, January 21st. BTIG Research set a $94.00 price objective on shares of Xcel Energy in a report on Friday, January 30th. Finally, Argus upgraded Xcel Energy to a “strong-buy” rating in a research report on Wednesday, December 3rd. Three research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Xcel Energy presently has a consensus rating of “Buy” and an average price target of $88.60.

Xcel Energy Price Performance

XEL stock opened at $83.91 on Wednesday. Xcel Energy Inc. has a 52 week low of $65.21 and a 52 week high of $84.00. The firm has a market capitalization of $49.64 billion, a P/E ratio of 24.54, a price-to-earnings-growth ratio of 2.28 and a beta of 0.46. The company has a fifty day simple moving average of $76.15 and a two-hundred day simple moving average of $76.87. The company has a quick ratio of 0.69, a current ratio of 0.79 and a debt-to-equity ratio of 1.51.

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

Xcel Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 20th. Stockholders of record on Monday, December 29th were paid a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend was Monday, December 29th. Xcel Energy’s dividend payout ratio (DPR) is presently 66.67%.

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.