Cibc World Market Inc. Invests $6.99 Million in Xcel Energy Inc. $XEL

Cibc World Market Inc. bought a new stake in Xcel Energy Inc. (NASDAQ:XEL) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 86,726 shares of the company’s stock, valued at approximately $6,994,000.

Other large investors have also recently bought and sold shares of the company. Bank of America Corp DE raised its stake in shares of 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 worth $1,788,448,000 after purchasing an additional 2,157,602 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in Xcel Energy by 10.3% during the second quarter. Massachusetts Financial Services Co. MA now owns 18,719,520 shares of the company’s stock worth $1,274,799,000 after buying an additional 1,746,066 shares during the last quarter. Invesco Ltd. raised its position in Xcel Energy by 29.0% during the second quarter. Invesco Ltd. now owns 7,366,422 shares of the company’s stock worth $501,653,000 after acquiring an additional 1,654,505 shares in the last quarter. Balyasny Asset Management L.P. lifted its stake in Xcel Energy by 2,324.9% in the second quarter. Balyasny Asset Management L.P. now owns 1,716,351 shares of the company’s stock valued at $116,884,000 after acquiring an additional 1,645,571 shares during the last quarter. Finally, Raymond James Financial Inc. grew its position in shares of Xcel Energy by 100.3% in the 2nd quarter. Raymond James Financial Inc. now owns 2,519,061 shares of the company’s stock valued at $171,548,000 after acquiring an additional 1,261,439 shares during the period. 78.38% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

XEL has been the subject of several recent analyst reports. Mizuho set a $86.00 target price on shares of Xcel Energy in a research note on Friday, January 9th. JPMorgan Chase & Co. dropped their price objective on 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 target price on Xcel Energy in a research note on Friday, January 30th. Argus raised Xcel Energy to a “strong-buy” rating in a report on Wednesday, December 3rd. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $95.00 price target on shares of Xcel Energy in a report on Friday, January 23rd. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $88.13.

Xcel Energy Price Performance

Shares of NASDAQ XEL opened at $81.59 on Friday. The firm has a market cap of $48.26 billion, a P/E ratio of 23.86, a price-to-earnings-growth ratio of 2.16 and a beta of 0.46. The business’s 50 day moving average is $75.22 and its 200-day moving average is $76.42. 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 1-year low of $65.21 and a 1-year high of $83.01.

Xcel Energy (NASDAQ:XEL) last issued its quarterly earnings data on Thursday, February 5th. The company reported $0.96 EPS for the quarter, meeting analysts’ consensus estimates of $0.96. Xcel Energy had a return on equity of 10.83% and a net margin of 13.76%.The firm had revenue of $3.56 billion for the quarter, compared to analyst estimates of $3.77 billion. During the same period in the prior year, the firm posted $0.81 EPS. The company’s revenue for the quarter was up 14.1% on a year-over-year basis. Xcel Energy has set its FY 2026 guidance at 4.040-4.160 EPS. Equities research analysts predict that Xcel Energy Inc. will post 3.82 earnings per share for the current year.

Xcel Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 20th. Shareholders of record on Monday, December 29th were issued a $0.57 dividend. The ex-dividend date of this dividend was Monday, December 29th. This represents a $2.28 annualized dividend and a yield of 2.8%. 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.