Bank of New York Mellon Corp Sells 51,276 Shares of Xcel Energy Inc. (NASDAQ:XEL)

Bank of New York Mellon Corp trimmed its holdings in Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 1.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,725,726 shares of the company's stock after selling 51,276 shares during the quarter. Bank of New York Mellon Corp owned about 0.65% of Xcel Energy worth $263,744,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in XEL. Creative Financial Designs Inc. ADV lifted its position in Xcel Energy by 23.2% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 827 shares of the company's stock worth $56,000 after purchasing an additional 156 shares during the period. EverSource Wealth Advisors LLC lifted its position in Xcel Energy by 1.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 9,242 shares of the company's stock worth $624,000 after purchasing an additional 160 shares during the period. Personal CFO Solutions LLC lifted its position in Xcel Energy by 2.8% in the fourth quarter. Personal CFO Solutions LLC now owns 5,934 shares of the company's stock worth $401,000 after purchasing an additional 163 shares during the period. Conning Inc. grew its stake in shares of Xcel Energy by 4.1% in the 1st quarter. Conning Inc. now owns 4,400 shares of the company's stock worth $311,000 after purchasing an additional 172 shares during the last quarter. Finally, RWA Wealth Partners LLC grew its stake in shares of Xcel Energy by 3.5% in the 4th quarter. RWA Wealth Partners LLC now owns 5,155 shares of the company's stock worth $348,000 after purchasing an additional 176 shares during the last quarter. 78.38% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

XEL has been the subject of a number of recent research reports. Evercore ISI increased their price objective on Xcel Energy from $74.00 to $77.00 and gave the company an "outperform" rating in a research report on Monday, April 28th. Morgan Stanley reduced their target price on Xcel Energy from $78.00 to $77.00 and set an "equal weight" rating for the company in a report on Wednesday, June 18th. Wall Street Zen lowered Xcel Energy from a "hold" rating to a "sell" rating in a report on Tuesday, May 20th. Wells Fargo & Company set a $78.00 target price on Xcel Energy and gave the company an "overweight" rating in a report on Friday, April 25th. Finally, BMO Capital Markets raised their price target on Xcel Energy from $69.00 to $73.00 and gave the company a "market perform" rating in a research report on Wednesday, April 23rd. One research analyst has rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $75.80.

Xcel Energy Stock Up 0.9%

NASDAQ XEL traded up $0.61 on Thursday, reaching $68.45. The company had a trading volume of 2,542,252 shares, compared to its average volume of 3,597,468. The firm has a market capitalization of $39.48 billion, a price-to-earnings ratio of 20.13, a price-to-earnings-growth ratio of 2.36 and a beta of 0.36. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.70 and a current ratio of 0.80. Xcel Energy Inc. has a 1-year low of $52.09 and a 1-year high of $73.38. The company's fifty day moving average is $68.94 and its 200-day moving average is $68.60.

Xcel Energy (NASDAQ:XEL - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The company reported $0.84 EPS for the quarter, missing analysts' consensus estimates of $0.95 by ($0.11). The business had revenue of $3.91 billion for the quarter, compared to analyst estimates of $3.93 billion. Xcel Energy had a return on equity of 10.20% and a net margin of 14.10%. The company's quarterly revenue was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.88 earnings per share. On average, research analysts forecast that Xcel Energy Inc. will post 3.82 earnings per share for the current fiscal year.

Xcel Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Sunday, July 20th. Shareholders of record on Friday, June 13th will be issued a $0.57 dividend. The ex-dividend date is Friday, June 13th. This represents a $2.28 annualized dividend and a yield of 3.33%. Xcel Energy's dividend payout ratio is currently 67.06%.

Xcel Energy Profile

Xcel Energy Inc, through its subsidiaries, engages in the generation, purchasing, transmission, distribution, and sale of electricity. It operates through Regulated Electric Utility, Regulated Natural Gas Utility, and All Other segments. The company generates electricity through wind, nuclear, hydroelectric, biomass, and solar energy sources, as well as coal, natural gas, oil, wood, and refuse-derived fuels.