Elevation Point Wealth Partners LLC Buys 28,645 Shares of Xcel Energy Inc. $XEL

Elevation Point Wealth Partners LLC boosted its position in Xcel Energy Inc. (NASDAQ:XEL) by 467.9% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 34,767 shares of the company’s stock after purchasing an additional 28,645 shares during the period. Elevation Point Wealth Partners LLC’s holdings in Xcel Energy were worth $2,824,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in XEL. Brevan Howard Capital Management LP increased its holdings in Xcel Energy by 14.1% in the 3rd quarter. Brevan Howard Capital Management LP now owns 11,392 shares of the company’s stock worth $919,000 after acquiring an additional 1,407 shares during the last quarter. Ausdal Financial Partners Inc. purchased a new stake in Xcel Energy during the third quarter valued at about $296,000. Aventail Capital Group LP lifted its holdings in Xcel Energy by 48.4% during the third quarter. Aventail Capital Group LP now owns 845,489 shares of the company’s stock valued at $68,189,000 after purchasing an additional 275,712 shares during the last quarter. Banco Bilbao Vizcaya Argentaria S.A. boosted its position in Xcel Energy by 47.7% during the third quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 15,956 shares of the company’s stock worth $1,287,000 after purchasing an additional 5,152 shares during the period. Finally, Bank of America Corp DE boosted its position in Xcel Energy by 9.9% during the third quarter. Bank of America Corp DE now owns 28,851,485 shares of the company’s stock worth $2,326,872,000 after purchasing an additional 2,589,406 shares during the period. 78.38% of the stock is currently owned by institutional investors.

Key Headlines Impacting Xcel Energy

Here are the key news stories impacting Xcel Energy this week:

• Positive Sentiment: Analysts maintain a favorable view — XEL recently received an average “Buy” rating from analysts, which supports investor confidence. Xcel Energy Inc. (NASDAQ:XEL) Receives Average Rating of “Buy” from Analysts
• Positive Sentiment: Storm-response readiness highlighted — Xcel says crews are staged and ready to respond to outages from the winter storm, which reduces operational risk and limits potential outage duration. Workers ready to respond to outages during winter storm, Xcel Energy says
• Positive Sentiment: Planned logistics/maintenance underway — Xcel is moving equipment this weekend (with some traffic impacts), indicating proactive grid work to manage storm impacts. Xcel Energy moving equipment this weekend with impacts to traffic on I-25 near exit 243
• Neutral Sentiment: Safety outreach — Xcel and the American Red Cross published severe‑weather safety tips for customers; this is reputationally positive but not material to near‑term financials. Xcel Energy, American Red Cross offer tips to stay safe during severe weather
• Neutral Sentiment: Market performance context — commentary that XEL is outperforming the Nasdaq provides sentiment context but doesn’t change fundamentals. Is Xcel Energy stock outperforming the Nasdaq?
• Negative Sentiment: Environmental/operational risk — Xcel confirmed mineral oil leaked into the Mississippi River near the Monticello nuclear plant. Even if described as a “small amount,” the incident raises potential cleanup, regulatory and reputational costs. Xcel Energy confirms mineral oil leaked into Mississippi River near Monticello nuclear plant
• Negative Sentiment: Planned/preventive power shutoffs — Weather alerts indicate likely shutoffs that could affect tens of thousands of customers (reports cite ~43,000 at risk in Colorado), increasing short‑term customer disruption and outage-management costs. Xcel Energy: Power shutoff ‘likely’ Saturday in Boulder, Jefferson counties
• Negative Sentiment: Wider storm impacts in the Upper Midwest — Xcel warns of outages in Wisconsin and recent wind events left 20k+ Minnesota customers without power, signaling elevated storm-related operational costs across service territories. Xcel Energy warns of outages in Wisconsin amid forecasted snowstorm

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. UBS Group upgraded shares of Xcel Energy from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $81.00 to $89.00 in a research note on Friday, February 13th. BTIG Research set a $94.00 price target on shares of Xcel Energy in a research note on Friday, January 30th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $95.00 price objective on shares of Xcel Energy in a report on Friday, January 23rd. JPMorgan Chase & Co. reduced their price objective on shares of Xcel Energy from $90.00 to $87.00 and set an “overweight” rating for the company in a research note on Thursday, December 11th. Finally, Argus set a $86.00 target price on shares of Xcel Energy in a report on Thursday. Three analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $88.44.

Xcel Energy Stock Up 1.3%

XEL stock opened at $81.91 on Friday. The company has a quick ratio of 0.60, a current ratio of 0.71 and a debt-to-equity ratio of 1.35. The firm has a market capitalization of $51.10 billion, a PE ratio of 23.95, a PEG ratio of 2.24 and a beta of 0.45. Xcel Energy Inc. has a twelve month low of $65.21 and a twelve month high of $84.23. The stock has a 50-day simple moving average of $78.41 and a two-hundred day simple moving average of $77.73.

Xcel Energy (NASDAQ:XEL) last announced its quarterly earnings results on Wednesday, February 4th. The company reported $0.96 earnings per share for the quarter, meeting the consensus estimate of $0.96. Xcel Energy had a return on equity of 10.46% and a net margin of 13.76%.The firm 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 business posted $0.81 earnings per share. The company’s revenue was up 14.1% on a year-over-year basis. On average, equities analysts predict that Xcel Energy Inc. will post 3.82 EPS for the current fiscal year.

Xcel Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 20th. Investors of record on Friday, March 13th will be issued a dividend of $0.5925 per share. This is a boost from Xcel Energy’s previous quarterly dividend of $0.57. The ex-dividend date of this dividend is Friday, March 13th. This represents a $2.37 dividend on an annualized basis and a yield of 2.9%. Xcel Energy’s payout ratio is currently 66.67%.

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.