M&T Bank Corp Sells 9,272 Shares of Xcel Energy Inc. (NASDAQ:XEL)

M&T Bank Corp lowered its position in Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 8.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 95,629 shares of the company's stock after selling 9,272 shares during the period. 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 hedge funds also recently bought and sold shares of the company. Fairway Wealth LLC purchased a new position in shares of Xcel Energy during the 4th quarter worth $27,000. Rossby Financial LCC purchased a new position in Xcel Energy during the first quarter valued at $50,000. Alpine Bank Wealth Management bought a new stake in Xcel Energy during the first quarter valued at about $53,000. Itau Unibanco Holding S.A. purchased a new stake in Xcel Energy in the fourth quarter worth about $52,000. Finally, Creative Financial Designs Inc. ADV increased 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 buying an additional 156 shares in the last quarter. Hedge funds and other institutional investors own 78.38% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. BMO Capital Markets boosted their price objective 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. Evercore ISI upped their price target on shares of Xcel Energy from $74.00 to $77.00 and gave the stock an "outperform" rating in a research report on Monday, April 28th. Barclays increased their price objective on shares of Xcel Energy from $72.00 to $73.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 22nd. Wall Street Zen cut shares of Xcel Energy from a "hold" rating to a "sell" rating in a research note on Tuesday, May 20th. Finally, UBS Group increased their price target on Xcel Energy from $73.00 to $77.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 1st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat, Xcel Energy has an average rating of "Moderate Buy" and a consensus target price of $75.80.

Xcel Energy Price Performance

XEL traded up $0.17 during trading on Friday, hitting $68.62. 2,386,026 shares of the company traded hands, compared to its average volume of 3,598,777. 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 PE ratio of 20.18, a P/E/G ratio of 2.39 and a beta of 0.36. The stock's 50-day simple moving average is $68.86 and its two-hundred day simple moving average is $68.61. Xcel Energy Inc. has a 1 year low of $52.97 and a 1 year high of $73.38.

Xcel Energy (NASDAQ:XEL - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The company reported $0.84 earnings per share for the quarter, missing analysts' consensus estimates of $0.95 by ($0.11). The firm had revenue of $3.91 billion for the quarter, compared to analysts' expectations of $3.93 billion. Xcel Energy had a net margin of 14.10% and a return on equity of 10.20%. The company's revenue for the quarter was up 7.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.88 EPS. As a group, sell-side analysts anticipate that Xcel Energy Inc. will post 3.82 earnings per share 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. Stockholders of record on Friday, June 13th will be issued a dividend of $0.57 per share. The ex-dividend date is Friday, June 13th. This represents a $2.28 annualized dividend and a dividend yield of 3.32%. Xcel Energy's dividend payout ratio (DPR) 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.