Bank of New York Mellon Corp Decreases Stock Position in Xcel Energy Inc. (NASDAQ:XEL)

Bank of New York Mellon Corp lowered its position in Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 1.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm 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 quarter.

Several other institutional investors have also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Xcel Energy by 18.3% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 472,344 shares of the company's stock valued at $33,437,000 after buying an additional 73,036 shares in the last quarter. Pinnacle Financial Partners Inc bought a new position in shares of Xcel Energy during the first quarter valued at about $267,000. Jones Financial Companies Lllp grew its stake in shares of Xcel Energy by 35.8% during the fourth quarter. Jones Financial Companies Lllp now owns 14,825 shares of the company's stock valued at $1,001,000 after buying an additional 3,905 shares during the last quarter. Sequoia Financial Advisors LLC grew its stake in shares of Xcel Energy by 28.6% during the first quarter. Sequoia Financial Advisors LLC now owns 26,448 shares of the company's stock valued at $1,872,000 after buying an additional 5,883 shares during the last quarter. Finally, Miller Howard Investments Inc. NY bought a new position in shares of Xcel Energy during the first quarter valued at about $2,206,000. Institutional investors own 78.38% of the company's stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Wall Street Zen cut Xcel Energy from a "hold" rating to a "sell" rating in a research note on Tuesday, May 20th. Wells Fargo & Company set a $78.00 price objective on Xcel Energy and gave the stock an "overweight" rating in a research report on Friday, April 25th. UBS Group lifted their price objective on Xcel Energy from $73.00 to $77.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 1st. BMO Capital Markets lifted their price objective on Xcel Energy from $69.00 to $73.00 and gave the stock a "market perform" rating in a research report on Wednesday, April 23rd. Finally, Barclays lifted their price objective on Xcel Energy from $72.00 to $73.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 22nd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, Xcel Energy currently has an average rating of "Moderate Buy" and an average target price of $75.80.

Xcel Energy Stock Down 1.0%

Xcel Energy stock traded down $0.71 during trading hours on Tuesday, hitting $67.17. 336,357 shares of the stock traded hands, compared to its average volume of 3,590,185. The firm's 50-day moving average price is $69.06 and its two-hundred day moving average price is $68.61. The company has a current ratio of 0.80, a quick ratio of 0.70 and a debt-to-equity ratio of 1.48. The company has a market cap of $38.74 billion, a PE ratio of 19.76, a PEG ratio of 2.38 and a beta of 0.36. Xcel Energy Inc. has a one year low of $51.97 and a one year high of $73.38.

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

Xcel Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, July 20th. Shareholders of record on Friday, June 13th will be paid a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 3.39%. The ex-dividend date is Friday, June 13th. Xcel Energy's payout ratio is 67.06%.

Xcel Energy Company 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.