JPMorgan Chase & Co. Purchases 831,639 Shares of Xcel Energy Inc. $XEL

JPMorgan Chase & Co. increased its position in shares of Xcel Energy Inc. (NASDAQ:XEL) by 4.1% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,026,015 shares of the company’s stock after purchasing an additional 831,639 shares during the quarter. JPMorgan Chase & Co. owned approximately 3.55% of Xcel Energy worth $1,695,748,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Xcel Energy during the second quarter worth approximately $25,000. ORG Partners LLC boosted its holdings in shares of Xcel Energy by 168.4% in the 3rd quarter. ORG Partners LLC now owns 314 shares of the company’s stock worth $25,000 after acquiring an additional 197 shares in the last quarter. Clearstead Trust LLC grew its position in Xcel Energy by 202.2% during the 2nd quarter. Clearstead Trust LLC now owns 417 shares of the company’s stock worth $28,000 after acquiring an additional 279 shares during the last quarter. First Command Advisory Services Inc. bought a new stake in Xcel Energy during the 3rd quarter worth approximately $32,000. Finally, Collier Financial acquired a new stake in Xcel Energy during the 3rd quarter valued at $38,000. 78.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently commented on XEL shares. Citigroup increased their target price on Xcel Energy from $80.00 to $92.00 and gave the stock a “buy” rating in a report on Monday, November 3rd. Barclays reduced their price target 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. BMO Capital Markets restated an “outperform” rating and issued a $90.00 price objective on shares of Xcel Energy in a research report on Friday, February 6th. KeyCorp reduced their target price on shares of Xcel Energy from $85.00 to $84.00 and set an “overweight” rating on the stock in a research report on Friday, December 12th. Finally, BTIG Research set a $94.00 price target on shares of Xcel Energy in a research note on Friday, January 30th. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $88.13.

Xcel Energy Trading Up 3.3%

Shares of NASDAQ XEL opened at $81.59 on Tuesday. Xcel Energy Inc. has a fifty-two week low of $65.21 and a fifty-two week high of $83.01. The firm has a market capitalization of $48.26 billion, a P/E ratio of 23.86, a P/E/G ratio of 2.23 and a beta of 0.45. 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 company’s 50 day simple moving average is $75.34 and its 200 day simple moving average is $76.53.

Xcel Energy (NASDAQ:XEL) last issued its earnings results on Thursday, February 5th. The company reported $0.96 EPS for the quarter, meeting the consensus estimate of $0.96. The company had revenue of $3.56 billion during the quarter, compared to analysts’ expectations of $3.77 billion. Xcel Energy had a net margin of 13.76% and a return on equity of 10.83%. The business’s revenue for the quarter was up 14.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.81 EPS. Xcel Energy has set its FY 2026 guidance at 4.040-4.160 EPS. On average, analysts predict that Xcel Energy Inc. will post 3.82 EPS for the current year.

Xcel Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 20th. Shareholders of record on Monday, December 29th were paid 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 presently 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.