NEOS Investment Management LLC Buys 112,992 Shares of Xcel Energy Inc. $XEL

NEOS Investment Management LLC increased its position in Xcel Energy Inc. (NASDAQ:XEL) by 59.1% in the third quarter, HoldingsChannel.com reports. The fund owned 304,103 shares of the company’s stock after buying an additional 112,992 shares during the period. NEOS Investment Management LLC’s holdings in Xcel Energy were worth $24,526,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. KeyCorp decreased their target price on shares of Xcel Energy from $85.00 to $84.00 and set an “overweight” rating on the stock in a report on Friday, December 12th. UBS Group upgraded Xcel Energy from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $81.00 to $89.00 in a research report on Friday. BTIG Research set a $94.00 target price on Xcel Energy in a research note on Friday, January 30th. Citigroup increased their price target on Xcel Energy from $80.00 to $92.00 and gave the stock a “buy” rating in a report on Monday, November 3rd. Finally, JPMorgan Chase & Co. dropped their price objective on Xcel Energy from $90.00 to $87.00 and set an “overweight” rating for the company in a research note on Thursday, December 11th. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $88.13.

Xcel Energy Price Performance

Shares of NASDAQ:XEL opened at $81.59 on Tuesday. The business has a fifty day simple moving average of $75.34 and a 200-day simple 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 market cap 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 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 issued its quarterly earnings results on Thursday, February 5th. The company reported $0.96 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.96. Xcel Energy had a return on equity of 10.83% and a net margin of 13.76%.The firm had revenue of $3.56 billion for the quarter, compared to analyst estimates of $3.77 billion. During the same period last year, the company earned $0.81 EPS. The firm’s quarterly revenue was up 14.1% on a year-over-year basis. Xcel Energy has set its FY 2026 guidance at 4.040-4.160 EPS. Equities research analysts forecast that Xcel Energy Inc. will post 3.82 EPS for the current year.

Xcel Energy Announces Dividend

The company also recently disclosed 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 dividend on an annualized basis and a dividend yield of 2.8%. Xcel Energy’s dividend payout ratio (DPR) 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.