Shell Asset Management Co. Reduces Stock Holdings in Xcel Energy Inc. $XEL

Shell Asset Management Co. lessened its position in shares of Xcel Energy Inc. (NASDAQ:XEL) by 62.4% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 12,028 shares of the company’s stock after selling 19,939 shares during the quarter. Shell Asset Management Co.’s holdings in Xcel Energy were worth $970,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Balyasny Asset Management L.P. boosted its holdings in shares of Xcel Energy by 2,324.9% in the 2nd quarter. Balyasny Asset Management L.P. now owns 1,716,351 shares of the company’s stock valued at $116,884,000 after purchasing an additional 1,645,571 shares during the last quarter. VCI Wealth Management LLC acquired a new stake in shares of Xcel Energy during the 3rd quarter worth $1,176,000. Apollon Wealth Management LLC raised its position 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 worth $2,511,000 after buying an additional 15,083 shares during the period. BI Asset Management Fondsmaeglerselskab A S boosted its holdings 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 last quarter. Finally, Jump Financial LLC purchased a new stake in Xcel Energy during the second quarter valued at about $9,196,000. 78.38% of the stock is owned by institutional investors and hedge funds.

Xcel Energy Stock Up 3.3%

Shares of NASDAQ:XEL opened at $81.59 on Tuesday. The company has a market capitalization of $48.26 billion, a price-to-earnings ratio of 23.86, a price-to-earnings-growth ratio of 2.23 and a beta of 0.45. The company has a 50 day moving average of $75.34 and a two-hundred day moving average of $76.53. Xcel Energy Inc. has a 52-week low of $65.21 and a 52-week high of $83.01. The company has a quick ratio of 0.69, a current ratio of 0.79 and a debt-to-equity ratio of 1.51.

Xcel Energy (NASDAQ:XEL) last announced its earnings results on Thursday, February 5th. The company reported $0.96 earnings per share for the quarter, meeting the consensus estimate of $0.96. The business had revenue of $3.56 billion during the quarter, compared to the consensus estimate of $3.77 billion. Xcel Energy had a net margin of 13.76% and a return on equity of 10.83%. The business’s quarterly revenue was up 14.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.81 earnings per share. Xcel Energy has set its FY 2026 guidance at 4.040-4.160 EPS. As a group, analysts forecast that Xcel Energy Inc. will post 3.82 earnings per share for the current fiscal year.

Xcel Energy Dividend Announcement

The firm also recently announced 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. 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 dividend payout ratio (DPR) is currently 66.67%.

Analysts Set New Price Targets

A number of research firms have recently commented on XEL. Weiss Ratings restated a “buy (b-)” rating on shares of Xcel Energy in a report on Wednesday, January 21st. JPMorgan Chase & Co. cut their price target on shares of Xcel Energy from $90.00 to $87.00 and set an “overweight” rating on the stock in a report on Thursday, December 11th. UBS Group raised shares of Xcel Energy from a “neutral” rating to a “buy” rating and lifted their price target for the company from $81.00 to $89.00 in a research report on Friday. KeyCorp dropped their price objective on shares of Xcel Energy from $85.00 to $84.00 and set an “overweight” rating for the company in a research report on Friday, December 12th. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $95.00 target price on shares of Xcel Energy in a report on Friday, January 23rd. Three analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Xcel Energy currently has a consensus rating of “Buy” and a consensus target price of $88.13.

Xcel Energy 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.