Parallel Advisors LLC Has $448,000 Stock Position in Xcel Energy Inc. $XEL

Parallel Advisors LLC raised its stake in shares of Xcel Energy Inc. (NASDAQ:XEL) by 61.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,582 shares of the company’s stock after buying an additional 2,517 shares during the quarter. Parallel Advisors LLC’s holdings in Xcel Energy were worth $448,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of XEL. Price T Rowe Associates Inc. MD lifted its holdings in shares of Xcel Energy by 31.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 25,809,978 shares of the company’s stock valued at $1,827,090,000 after purchasing an additional 6,109,190 shares in the last quarter. Nuveen LLC acquired a new position in shares of Xcel Energy during the 1st quarter worth approximately $155,510,000. JPMorgan Chase & Co. increased its holdings in shares of Xcel Energy by 7.9% during the 1st quarter. JPMorgan Chase & Co. now owns 20,811,241 shares of the company’s stock worth $1,473,228,000 after acquiring an additional 1,520,092 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Xcel Energy by 6,594.9% during the 1st quarter. GAMMA Investing LLC now owns 1,167,398 shares of the company’s stock worth $82,640,000 after acquiring an additional 1,149,961 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings in shares of Xcel Energy by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 74,818,158 shares of the company’s stock worth $5,296,377,000 after acquiring an additional 986,170 shares during the last quarter. 78.38% of the stock is currently owned by institutional investors and hedge funds.

Xcel Energy Trading Down 0.1%

NASDAQ XEL opened at $72.11 on Friday. The business has a 50 day simple moving average of $72.34 and a 200 day simple moving average of $70.25. Xcel Energy Inc. has a one year low of $62.12 and a one year high of $74.57. The stock has a market capitalization of $42.65 billion, a P/E ratio of 19.98, a P/E/G ratio of 2.43 and a beta of 0.35. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.96 and a quick ratio of 0.85.

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

Xcel Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 20th. Shareholders of record on Monday, September 15th will be paid a $0.57 dividend. The ex-dividend date is Monday, September 15th. This represents a $2.28 annualized dividend and a dividend yield of 3.2%. Xcel Energy’s payout ratio is presently 63.16%.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Morgan Stanley reissued an “outperform” rating on shares of Xcel Energy in a report on Thursday, August 21st. Mizuho upped their price objective on Xcel Energy from $74.00 to $78.00 and gave the company an “outperform” rating in a report on Friday, August 1st. Eight equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Xcel Energy has a consensus rating of “Moderate Buy” and an average price target of $76.80.

Xcel Energy Company 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.