NEOS Investment Management LLC Buys 112,992 Shares of Xcel Energy Inc. $XEL

NEOS Investment Management LLC raised its position in Xcel Energy Inc. (NASDAQ:XEL) by 59.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 304,103 shares of the company’s stock after buying an additional 112,992 shares during the quarter. NEOS Investment Management LLC owned about 0.05% of Xcel Energy worth $24,526,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Balyasny Asset Management L.P. boosted its holdings in shares of Xcel Energy by 2,324.9% during the 2nd quarter. Balyasny Asset Management L.P. now owns 1,716,351 shares of the company’s stock worth $116,884,000 after buying an additional 1,645,571 shares in the last quarter. VCI Wealth Management LLC bought a new stake in Xcel Energy in the 3rd quarter valued at about $1,176,000. Apollon Wealth Management LLC raised its stake in Xcel Energy by 94.0% during the 3rd quarter. Apollon Wealth Management LLC now owns 31,131 shares of the company’s stock worth $2,511,000 after buying an additional 15,083 shares during the period. BI Asset Management Fondsmaeglerselskab A S grew its stake in Xcel Energy by 86.6% in the third quarter. BI Asset Management Fondsmaeglerselskab A S now owns 41,406 shares of the company’s stock valued at $3,339,000 after acquiring an additional 19,214 shares during the period. Finally, Jump Financial LLC bought a new stake in shares of Xcel Energy during the second quarter valued at approximately $9,196,000. Institutional investors own 78.38% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on XEL shares. Royal Bank Of Canada reiterated an “outperform” rating and set a $95.00 price target on shares of Xcel Energy in a report on Friday, January 23rd. Mizuho set a $86.00 target price on Xcel Energy in a research report on Friday, January 9th. JPMorgan Chase & Co. decreased their price target on shares of Xcel Energy from $90.00 to $87.00 and set an “overweight” rating on the stock in a research note on Thursday, December 11th. BTIG Research set a $94.00 price objective on Xcel Energy in a research report on Friday, January 30th. Finally, Citigroup increased their target price on Xcel Energy from $80.00 to $92.00 and gave the stock a “buy” rating in a research report on Monday, November 3rd. Three research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $88.13.

Xcel Energy Stock Up 3.3%

Shares of NASDAQ XEL opened at $81.59 on Tuesday. The company has a current ratio of 0.79, a quick ratio of 0.69 and a debt-to-equity ratio of 1.51. Xcel Energy Inc. has a 12-month low of $65.21 and a 12-month high of $83.01. The firm’s 50-day moving average price is $75.34 and its 200-day moving average price is $76.53. The stock has a market capitalization of $48.26 billion, a price-to-earnings ratio of 23.86, a P/E/G ratio of 2.23 and a beta of 0.45.

Xcel Energy (NASDAQ:XEL) last posted its quarterly earnings data on Thursday, February 5th. The company reported $0.96 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.96. The business had revenue of $3.56 billion during 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 company’s revenue for the quarter was up 14.1% on a year-over-year basis. During the same period last year, the company earned $0.81 EPS. Xcel Energy has set its FY 2026 guidance at 4.040-4.160 EPS. On average, equities research analysts anticipate that Xcel Energy Inc. will post 3.82 EPS for the current fiscal year.

Xcel Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 20th. Stockholders of record on Monday, December 29th were paid a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend was Monday, December 29th. Xcel Energy’s payout ratio is currently 66.67%.

Xcel Energy Company 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.