Mitsubishi UFJ Trust & Banking Corp Has $177.90 Million Stake in Xcel Energy Inc. $XEL

Key Points

• Mitsubishi UFJ Trust & Banking Corp trimmed its stake in Xcel Energy by 2.7% in Q4 and now holds 2,408,517 shares worth about $177.90 million, representing 0.41% of the company.
• Xcel reported Q4 EPS of $0.96 (in line with estimates) and revenue of $3.56 billion (up 14.1% YoY but below consensus) and raised its quarterly dividend to $0.5925 ($2.37 annualized, ~3.0% yield).
• Analyst sentiment is positive, with a consensus "Buy" rating and a $90.88 price target after several firms raised targets, while institutional investors own about 78.38% of the stock.

Mitsubishi UFJ Trust & Banking Corp decreased its stake in Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 2.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,408,517 shares of the company's stock after selling 68,090 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned 0.41% of Xcel Energy worth $177,903,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its stake in Xcel Energy by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 77,610,805 shares of the company's stock valued at $5,732,334,000 after buying an additional 885,085 shares during the period. State Street Corp lifted its stake in Xcel Energy by 5.1% in the third quarter. State Street Corp now owns 35,896,553 shares of the company's stock valued at $2,914,984,000 after buying an additional 1,752,296 shares during the period. Bank of America Corp DE raised its position in shares of Xcel Energy by 9.9% during the third quarter. Bank of America Corp DE now owns 28,851,485 shares of the company's stock worth $2,326,872,000 after purchasing an additional 2,589,406 shares during the period. JPMorgan Chase & Co. raised its position in shares of Xcel Energy by 4.1% during the third quarter. JPMorgan Chase & Co. now owns 21,026,015 shares of the company's stock worth $1,695,748,000 after purchasing an additional 831,639 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its position in shares of Xcel Energy by 4.3% during the third 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 period. Institutional investors and hedge funds own 78.38% of the company's stock.

Xcel Energy Stock Up 0.3%

XEL stock opened at $79.41 on Tuesday. The company has a quick ratio of 0.60, a current ratio of 0.71 and a debt-to-equity ratio of 1.35. The business has a 50 day moving average price of $80.70 and a two-hundred day moving average price of $78.71. The company has a market cap of $49.56 billion, a price-to-earnings ratio of 23.22, a P/E/G ratio of 2.17 and a beta of 0.43. Xcel Energy Inc. has a twelve month low of $65.21 and a twelve month high of $84.23.

Xcel Energy (NASDAQ:XEL - Get Free Report) last posted its quarterly earnings results on Wednesday, February 4th. The company reported $0.96 earnings per share for the quarter, meeting analysts' consensus estimates of $0.96. The firm had revenue of $3.56 billion during the quarter, compared to the consensus estimate of $3.77 billion. Xcel Energy had a return on equity of 10.46% and a net margin of 13.76%.The business's revenue was up 14.1% compared to the same quarter last year. During the same period last year, the company earned $0.81 earnings per share. Analysts anticipate that Xcel Energy Inc. will post 4.11 EPS for the current fiscal year.

Xcel Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 20th. Shareholders of record on Friday, March 13th were paid a $0.5925 dividend. This is a positive change from Xcel Energy's previous quarterly dividend of $0.57. This represents a $2.37 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date was Friday, March 13th. Xcel Energy's dividend payout ratio is 69.30%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on XEL shares. Barclays raised their price target on Xcel Energy from $82.00 to $91.00 and gave the stock an "overweight" rating in a research report on Monday, April 20th. Morgan Stanley set a $92.00 price target on Xcel Energy in a research report on Tuesday, April 21st. Argus set a $86.00 price target on shares of Xcel Energy in a report on Thursday, March 12th. Truist Financial assumed coverage on shares of Xcel Energy in a report on Monday, April 20th. They issued a "buy" rating and a $95.00 price target for the company. Finally, BMO Capital Markets raised their price objective on shares of Xcel Energy from $90.00 to $94.00 and gave the stock an "outperform" rating in a report on Wednesday, April 22nd. Four analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Xcel Energy has a consensus rating of "Buy" and a consensus price target of $90.88.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.