BTC Capital Management Inc. Purchases 110,053 Shares of Xcel Energy Inc. $XEL

BTC Capital Management Inc. raised its position in Xcel Energy Inc. (NASDAQ:XEL) by 104.4% during the third quarter, according to its most recent filing with the SEC. The firm owned 215,470 shares of the company’s stock after purchasing an additional 110,053 shares during the period. Xcel Energy accounts for approximately 1.2% of BTC Capital Management Inc.’s portfolio, making the stock its 24th largest position. BTC Capital Management Inc.’s holdings in Xcel Energy were worth $17,378,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Balyasny Asset Management L.P. increased its holdings 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 worth $116,884,000 after purchasing an additional 1,645,571 shares in the last quarter. VCI Wealth Management LLC acquired a new stake in shares of Xcel Energy during the 3rd quarter worth approximately $1,176,000. Apollon Wealth Management LLC increased its stake in shares of Xcel Energy by 94.0% in the 3rd quarter. Apollon Wealth Management LLC now owns 31,131 shares of the company’s stock valued at $2,511,000 after acquiring an additional 15,083 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S increased its stake in shares of Xcel Energy by 86.6% in the 3rd 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 in the last quarter. Finally, Jump Financial LLC acquired a new position in shares of Xcel Energy during the 2nd quarter valued at $9,196,000. 78.38% of the stock is currently owned by institutional investors and hedge funds.

Xcel Energy Trading Up 3.3%

NASDAQ XEL opened at $81.59 on Friday. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.79 and a quick ratio of 0.69. The stock has a market capitalization of $48.26 billion, a price-to-earnings ratio of 23.86, a PEG ratio of 2.16 and a beta of 0.46. Xcel Energy Inc. has a one year low of $65.21 and a one year high of $83.01. The business’s fifty day moving average is $75.22 and its 200-day moving average is $76.42.

Xcel Energy (NASDAQ:XEL) last announced its quarterly earnings results on Thursday, February 5th. The company reported $0.96 EPS for the quarter, meeting analysts’ consensus estimates of $0.96. Xcel Energy had a net margin of 13.76% and a return on equity of 10.83%. The company 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 posted $0.81 EPS. Xcel Energy’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. Equities research analysts predict that Xcel Energy Inc. will post 3.82 EPS for the current year.

Xcel Energy Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Xcel Energy in a research note on Wednesday, January 21st. Barclays cut their price objective on shares of Xcel Energy from $85.00 to $82.00 and set an “overweight” rating on the stock in a research report on Thursday, January 15th. UBS Group raised Xcel Energy from a “neutral” rating to a “buy” rating and boosted their target price for the company from $81.00 to $89.00 in a research report on Friday. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $95.00 price target on shares of Xcel Energy in a research note on Friday, January 23rd. Finally, Argus raised Xcel Energy to a “strong-buy” rating in a research note on Wednesday, December 3rd. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $88.13.

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.