M&T Bank Corp lowered its position in Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 8.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund 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 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also recently bought and sold shares of the company. Stratos Investment Management LLC boosted its position in Xcel Energy by 47.1% in the 1st quarter. Stratos Investment Management LLC now owns 10,826 shares of the company's stock worth $766,000 after purchasing an additional 3,466 shares in the last quarter. China Universal Asset Management Co. Ltd. boosted its position in Xcel Energy by 51.9% in the 1st quarter. China Universal Asset Management Co. Ltd. now owns 14,191 shares of the company's stock worth $1,011,000 after purchasing an additional 4,846 shares in the last quarter. Alpha Cubed Investments LLC purchased a new stake in Xcel Energy in the 1st quarter worth approximately $276,000. Capital Management Associates Inc boosted its position in Xcel Energy by 130.6% in the 1st quarter. Capital Management Associates Inc now owns 13,602 shares of the company's stock worth $963,000 after purchasing an additional 7,703 shares in the last quarter. Finally, Crossmark Global Holdings Inc. boosted its position in Xcel Energy by 1.2% in the 1st quarter. Crossmark Global Holdings Inc. now owns 34,371 shares of the company's stock worth $2,433,000 after purchasing an additional 396 shares in the last quarter. Hedge funds and other institutional investors own 78.38% of the company's stock.
Analysts Set New Price Targets
XEL has been the topic of several recent research reports. Barclays upped 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. BMO Capital Markets upped their target price on Xcel Energy from $69.00 to $73.00 and gave the stock a "market perform" rating in a research note on Wednesday, April 23rd. 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 research note on Wednesday, June 18th. Evercore ISI upped their target price on Xcel Energy from $74.00 to $77.00 and gave the stock an "outperform" rating in a research note on Monday, April 28th. Finally, Wall Street Zen downgraded Xcel Energy from a "hold" rating to a "sell" rating in a research note on Tuesday, May 20th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $75.80.
Get Our Latest Stock Analysis on Xcel Energy
Xcel Energy Price Performance
NASDAQ XEL traded up $0.61 during mid-day trading on Thursday, hitting $68.45. The stock had a trading volume of 2,542,253 shares, compared to its average volume of 3,597,469. The firm's 50 day moving average is $68.94 and its 200 day moving average is $68.60. Xcel Energy Inc. has a twelve month low of $52.09 and a twelve month high of $73.38. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.80 and a quick ratio of 0.70. The stock has a market capitalization of $39.48 billion, a price-to-earnings ratio of 20.13, a PEG ratio of 2.36 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 net margin of 14.10% and a return on equity of 10.20%. The firm had revenue of $3.91 billion during the quarter, compared to analyst estimates of $3.93 billion. During the same period in the prior year, the company posted $0.88 earnings per share. The firm's revenue for the quarter was up 7.0% compared to the same quarter last year. Equities research analysts forecast 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. Investors of record on Friday, June 13th will be paid a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 3.33%. The ex-dividend date of this dividend is Friday, June 13th. Xcel Energy's dividend payout ratio is currently 67.06%.
Xcel Energy Profile
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Free Report)
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.
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