Xcel Energy Inc. (NASDAQ:XEL) Shares Sold by M&T Bank Corp

M&T Bank Corp lowered its position in shares of Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 8.8% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 95,629 shares of the company's stock after selling 9,272 shares during the quarter. M&T Bank Corp's holdings in Xcel Energy were worth $6,769,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Fairway Wealth LLC acquired a new position in shares of Xcel Energy in the 4th quarter valued at about $27,000. Rossby Financial LCC acquired a new position in shares of Xcel Energy in the 1st quarter valued at about $50,000. Itau Unibanco Holding S.A. acquired a new position in shares of Xcel Energy in the 4th quarter valued at about $52,000. Alpine Bank Wealth Management acquired a new position in shares of Xcel Energy in the 1st quarter valued at about $53,000. Finally, Creative Financial Designs Inc. ADV lifted its holdings in shares of Xcel Energy by 23.2% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 827 shares of the company's stock valued at $56,000 after buying an additional 156 shares during the period. Institutional investors and hedge funds own 78.38% of the company's stock.

Xcel Energy Price Performance

NASDAQ:XEL traded up $0.17 during trading hours on Friday, hitting $68.62. 2,386,026 shares of the stock were exchanged, compared to its average volume of 3,603,776. Xcel Energy Inc. has a 52-week low of $52.97 and a 52-week high of $73.38. The firm's fifty day moving average price is $68.86 and its 200 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 $39.58 billion, a P/E ratio of 20.18, a P/E/G ratio of 2.40 and a beta of 0.36.

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 the consensus estimate of $0.95 by ($0.11). Xcel Energy had a return on equity of 10.20% and a net margin of 14.10%. The firm had revenue of $3.91 billion for the quarter, compared to analysts' expectations of $3.93 billion. During the same quarter last year, the firm posted $0.88 earnings per share. Xcel Energy's quarterly revenue was up 7.0% on a year-over-year basis. As a group, equities research analysts anticipate that Xcel Energy Inc. will post 3.82 EPS for the current fiscal year.

Xcel Energy Announces Dividend

The company 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. The ex-dividend date of this dividend is Friday, June 13th. This represents a $2.28 annualized dividend and a yield of 3.32%. Xcel Energy's dividend payout ratio (DPR) is currently 67.06%.

Analyst Ratings Changes

XEL has been the subject of several analyst reports. UBS Group boosted their price objective on Xcel Energy from $73.00 to $77.00 and gave the company a "neutral" rating in a report on Tuesday, April 1st. Evercore ISI boosted their price objective on Xcel Energy from $74.00 to $77.00 and gave the company an "outperform" rating in a report on Monday, April 28th. Wells Fargo & Company set a $78.00 price objective on Xcel Energy and gave the company an "overweight" rating in a report on Friday, April 25th. Wall Street Zen cut Xcel Energy from a "hold" rating to a "sell" rating in a report on Tuesday, May 20th. Finally, BMO Capital Markets lifted their price target on Xcel Energy from $69.00 to $73.00 and gave the company a "market perform" rating in a research note on Wednesday, April 23rd. One equities 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 stock. According to MarketBeat, Xcel Energy has a consensus rating of "Moderate Buy" and a consensus target price of $75.80.

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.