Cibc World Market Inc. Makes New $6.99 Million Investment in Xcel Energy Inc. $XEL

Cibc World Market Inc. bought a new stake in Xcel Energy Inc. (NASDAQ:XEL) during the 3rd quarter, HoldingsChannel reports. The fund bought 86,726 shares of the company’s stock, valued at approximately $6,994,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Balyasny Asset Management L.P. raised its stake in Xcel Energy by 2,324.9% during the second quarter. Balyasny Asset Management L.P. now owns 1,716,351 shares of the company’s stock worth $116,884,000 after acquiring an additional 1,645,571 shares in the last quarter. VCI Wealth Management LLC bought a new stake in shares of Xcel Energy during the 3rd quarter valued at approximately $1,176,000. Apollon Wealth Management LLC increased its position in Xcel Energy by 94.0% during the 3rd quarter. Apollon Wealth Management LLC now owns 31,131 shares of the company’s stock worth $2,511,000 after purchasing an additional 15,083 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S lifted its stake in Xcel Energy by 86.6% in the 3rd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 41,406 shares of the company’s stock valued at $3,339,000 after purchasing an additional 19,214 shares during the last quarter. Finally, Jump Financial LLC acquired a new stake in Xcel Energy in the second quarter valued at approximately $9,196,000. Institutional investors own 78.38% of the company’s stock.

Analyst Ratings Changes

XEL has been the subject of several research analyst reports. Morgan Stanley reiterated an “underperform” rating on shares of Xcel Energy in a report on Wednesday, January 21st. UBS Group upgraded Xcel Energy from a “neutral” rating to a “buy” rating and boosted 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 report on Friday, January 30th. Mizuho set a $86.00 price target on Xcel Energy in a research note on Friday, January 9th. Finally, Citigroup upped their price objective on Xcel Energy from $80.00 to $92.00 and gave the company a “buy” rating in a research note on Monday, November 3rd. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Xcel Energy has a consensus rating of “Buy” and an average price target of $88.13.

Xcel Energy Stock Performance

NASDAQ:XEL opened at $81.59 on Friday. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.69 and a current ratio of 0.79. Xcel Energy Inc. has a fifty-two week low of $65.21 and a fifty-two week high of $83.01. The company has a 50 day simple moving average of $75.22 and a two-hundred day simple moving average of $76.42. The company has a market capitalization of $48.26 billion, a PE ratio of 23.86, a P/E/G ratio of 2.16 and a beta of 0.46.

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, meeting the consensus estimate of $0.96. The business had revenue of $3.56 billion for 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%. Xcel Energy’s revenue for the quarter was up 14.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.81 earnings per share. Xcel Energy has set its FY 2026 guidance at 4.040-4.160 EPS. Research analysts anticipate that Xcel Energy Inc. will post 3.82 earnings per share for the current year.

Xcel Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 20th. Investors of record on Monday, December 29th were paid a dividend of $0.57 per share. 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 (DPR) is currently 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.