Sumitomo Mitsui Trust Group Inc. Decreases Stock Position in Xcel Energy Inc. $XEL

Sumitomo Mitsui Trust Group Inc. trimmed its holdings in shares of Xcel Energy Inc. (NASDAQ:XEL) by 0.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,490,893 shares of the company’s stock after selling 10,334 shares during the period. Sumitomo Mitsui Trust Group Inc. owned approximately 0.26% of Xcel Energy worth $101,530,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of XEL. Accent Capital Management LLC purchased a new stake in shares of Xcel Energy during the first quarter valued at $29,000. BankPlus Trust Department bought a new position in Xcel Energy during the 1st quarter valued at about $34,000. Rise Advisors LLC boosted its holdings in shares of Xcel Energy by 62.9% during the 2nd quarter. Rise Advisors LLC now owns 518 shares of the company’s stock valued at $35,000 after acquiring an additional 200 shares during the last quarter. Marshall & Sullivan Inc. WA purchased a new stake in shares of Xcel Energy during the 2nd quarter valued at about $44,000. Finally, RMG Wealth Management LLC bought a new stake in shares of Xcel Energy in the second quarter worth approximately $46,000. Institutional investors own 78.38% of the company’s stock.

Analyst Upgrades and Downgrades

XEL has been the subject of a number of research reports. BMO Capital Markets boosted their target price on shares of Xcel Energy from $84.00 to $87.00 and gave the company an “outperform” rating in a research note on Wednesday, October 15th. KeyCorp upped their price objective on Xcel Energy from $79.00 to $85.00 and gave the company an “overweight” rating in a research report on Wednesday, October 15th. Mizuho set a $83.00 target price on Xcel Energy in a report on Thursday, September 25th. Evercore ISI assumed coverage on Xcel Energy in a research report on Monday, October 6th. They issued an “outperform” rating and a $92.00 target price on the stock. Finally, Barclays upped their price target on shares of Xcel Energy from $72.00 to $81.00 and gave the company an “overweight” rating in a research report on Monday, September 29th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $86.23.

Xcel Energy Trading Down 0.0%

Xcel Energy stock opened at $80.39 on Friday. The company has a current ratio of 0.96, a quick ratio of 0.85 and a debt-to-equity ratio of 1.48. Xcel Energy Inc. has a 12-month low of $62.58 and a 12-month high of $83.01. The firm has a market capitalization of $47.55 billion, a price-to-earnings ratio of 22.27, a P/E/G ratio of 2.83 and a beta of 0.37. The firm has a 50 day moving average of $76.22 and a 200 day moving average of $72.12.

Xcel Energy (NASDAQ:XEL) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.66 by $0.09. The business had revenue of $3.29 billion during the quarter, compared to analyst estimates of $3.31 billion. Xcel Energy had a net margin of 14.85% and a return on equity of 10.52%. The company’s revenue was up 8.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.54 earnings per share. Xcel Energy has set its FY 2025 guidance at 3.750-3.850 EPS. As a group, research analysts predict that Xcel Energy Inc. will post 3.82 earnings per share for the current year.

Xcel Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 20th. Stockholders of record on Monday, September 15th were paid a $0.57 dividend. The ex-dividend date of this dividend was Monday, September 15th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.8%. Xcel Energy’s dividend payout ratio is 63.16%.

Xcel Energy Profile

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.