Sumitomo Mitsui Trust Group Inc. Has $106.27 Million Stock Holdings in Xcel Energy Inc. (NASDAQ:XEL)

Sumitomo Mitsui Trust Group Inc. increased its position in Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 3.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,501,227 shares of the company's stock after buying an additional 49,070 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned 0.26% of Xcel Energy worth $106,272,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in XEL. Vanguard Group Inc. grew its holdings in Xcel Energy by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 73,831,988 shares of the company's stock worth $4,985,136,000 after acquiring an additional 953,002 shares during the last quarter. Bank of America Corp DE increased its holdings in Xcel Energy by 43.6% in the fourth quarter. Bank of America Corp DE now owns 20,762,745 shares of the company's stock valued at $1,401,901,000 after purchasing an additional 6,306,380 shares during the period. JPMorgan Chase & Co. raised its position in shares of Xcel Energy by 5.6% during the fourth quarter. JPMorgan Chase & Co. now owns 19,291,149 shares of the company's stock worth $1,302,538,000 after acquiring an additional 1,022,194 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in Xcel Energy by 15.9% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 17,613,239 shares of the company's stock valued at $1,189,246,000 after purchasing an additional 2,422,483 shares during the period. Finally, Geode Capital Management LLC lifted its position in shares of Xcel Energy by 4.2% in the 4th quarter. Geode Capital Management LLC now owns 15,178,956 shares of the company's stock worth $1,029,223,000 after purchasing an additional 616,853 shares during the period. Institutional investors own 78.38% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. UBS Group boosted their target price on shares of Xcel Energy from $73.00 to $77.00 and gave the company a "neutral" rating in a report on Tuesday, April 1st. Evercore ISI upped their target price on Xcel Energy from $74.00 to $77.00 and gave the company an "outperform" rating in a research report on Monday, April 28th. BMO Capital Markets raised 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. Wells Fargo & Company set a $78.00 price target on Xcel Energy and gave the company an "overweight" rating in a research note on Friday, April 25th. Finally, Wall Street Zen cut Xcel Energy from a "hold" rating to a "sell" rating in a report on Tuesday, May 20th. One analyst has rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $75.80.

Xcel Energy Stock Up 0.0%

XEL stock opened at $67.78 on Monday. The stock's 50 day simple moving average is $69.30 and its 200 day simple moving average is $68.58. The company has a market cap of $39.09 billion, a P/E ratio of 19.94, a price-to-earnings-growth ratio of 2.37 and a beta of 0.37. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.70 and a current ratio of 0.80. Xcel Energy Inc. has a fifty-two week low of $51.97 and a fifty-two week high of $73.38.

Xcel Energy (NASDAQ:XEL - Get Free Report) last released 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 for the quarter, compared to the consensus estimate of $3.93 billion. During the same quarter in the prior year, the firm earned $0.88 EPS. The company's revenue was up 7.0% compared to the same quarter last year. On average, research analysts expect that Xcel Energy Inc. will post 3.82 earnings per share for the current fiscal year.

Xcel Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, July 20th. Shareholders of record on Friday, June 13th will be issued 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 3.36%. Xcel Energy's payout ratio is 67.06%.

About Xcel Energy

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.

Want to see what other hedge funds are holding XEL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Xcel Energy Inc. (NASDAQ:XEL - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.