SCP Investment LP Lowers Holdings in Xcel Energy Inc. $XEL

SCP Investment LP reduced its stake in Xcel Energy Inc. (NASDAQ:XEL) by 62.5% during the third quarter, HoldingsChannel reports. The fund owned 4,800 shares of the company’s stock after selling 8,000 shares during the period. SCP Investment LP’s holdings in Xcel Energy were worth $387,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of XEL. Vanguard Group Inc. grew its position in Xcel Energy by 2.7% during the 3rd quarter. Vanguard Group Inc. now owns 76,725,720 shares of the company’s stock valued at $6,187,929,000 after purchasing an additional 2,001,018 shares during the last quarter. State Street Corp lifted its stake in shares of Xcel Energy by 0.4% in the second quarter. State Street Corp now owns 34,144,257 shares of the company’s stock worth $2,344,295,000 after buying an additional 126,790 shares in the last quarter. Bank of America Corp DE grew its holdings in shares of Xcel Energy by 9.0% during the second quarter. Bank of America Corp DE now owns 26,262,079 shares of the company’s stock valued at $1,788,448,000 after buying an additional 2,157,602 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Xcel Energy by 4.1% during the third quarter. JPMorgan Chase & Co. now owns 21,026,015 shares of the company’s stock valued at $1,695,748,000 after buying an additional 831,639 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA increased its position in shares of Xcel Energy by 4.3% during the third quarter. Massachusetts Financial Services Co. MA now owns 19,526,873 shares of the company’s stock valued at $1,574,842,000 after acquiring an additional 807,353 shares in the last quarter. 78.38% of the stock is currently owned by institutional investors.

Xcel Energy Stock Performance

NASDAQ:XEL opened at $80.75 on Wednesday. Xcel Energy Inc. has a 52-week low of $65.21 and a 52-week high of $83.01. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.69 and a current ratio of 0.79. The firm has a market capitalization of $47.77 billion, a PE ratio of 23.61, a P/E/G ratio of 2.23 and a beta of 0.46. The stock has a 50-day simple moving average of $75.44 and a two-hundred day simple moving average of $76.58.

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

Xcel Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 20th. Investors 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 dividend payout ratio is currently 66.67%.

Wall Street Analyst Weigh In

XEL has been the topic of several analyst reports. BTIG Research set a $94.00 price objective on Xcel Energy in a research report on Friday, January 30th. Citigroup increased their price target on Xcel Energy from $80.00 to $92.00 and gave the company a “buy” rating in a report on Monday, November 3rd. UBS Group upgraded Xcel Energy from a “neutral” rating to a “buy” rating and raised their price target for the stock from $81.00 to $89.00 in a research note on Friday. JPMorgan Chase & Co. reduced their price objective on Xcel Energy from $90.00 to $87.00 and set an “overweight” rating for the company in a research report on Thursday, December 11th. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $95.00 target price on shares of Xcel Energy in a research report on Friday, January 23rd. Three analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, Xcel Energy presently has a consensus rating of “Buy” and an average 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.