Toronto Dominion Bank Cuts Holdings in Xcel Energy Inc. (NASDAQ:XEL)

Toronto Dominion Bank lessened its stake in Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 2.8% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 326,955 shares of the company's stock after selling 9,310 shares during the quarter. Toronto Dominion Bank owned approximately 0.06% of Xcel Energy worth $22,076,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of XEL. Vanguard Group Inc. boosted its stake in Xcel Energy by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 73,831,988 shares of the company's stock valued at $4,985,136,000 after buying an additional 953,002 shares during the last quarter. Bank of America Corp DE boosted its position in shares of Xcel Energy by 43.6% during the 4th quarter. Bank of America Corp DE now owns 20,762,745 shares of the company's stock valued at $1,401,901,000 after acquiring an additional 6,306,380 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Xcel Energy by 5.6% during the 4th quarter. JPMorgan Chase & Co. now owns 19,291,149 shares of the company's stock valued at $1,302,538,000 after acquiring an additional 1,022,194 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of Xcel Energy by 15.9% in the fourth 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 in the last quarter. Finally, Geode Capital Management LLC increased its position in Xcel Energy by 4.2% in the fourth 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 last quarter. Hedge funds and other institutional investors own 78.38% of the company's stock.

Insider Buying and Selling at Xcel Energy

In other news, Director Devin W. Stockfish bought 2,170 shares of the firm's stock in a transaction on Tuesday, March 11th. The stock was acquired at an average cost of $68.93 per share, with a total value of $149,578.10. Following the transaction, the director now directly owns 3,007 shares in the company, valued at approximately $207,272.51. This trade represents a 259.26% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.09% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have commented on XEL. Wells Fargo & Company set a $78.00 price objective on shares of Xcel Energy and gave the company an "overweight" rating in a research report on Friday, April 25th. Barclays increased their price target on shares of Xcel Energy from $72.00 to $73.00 and gave the company an "overweight" rating in a report on Tuesday, April 22nd. Evercore ISI lifted their price target on Xcel Energy from $74.00 to $77.00 and gave the stock an "outperform" rating in a research report on Monday, April 28th. UBS Group upped their price objective on Xcel Energy from $73.00 to $77.00 and gave the company a "neutral" rating in a research report on Tuesday, April 1st. Finally, Wall Street Zen lowered Xcel Energy from a "hold" rating to a "sell" rating in a research note on Tuesday. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $75.90.

Xcel Energy Trading Down 1.0%

Shares of XEL traded down $0.71 during mid-day trading on Thursday, reaching $69.21. 4,059,016 shares of the company's stock traded hands, compared to its average volume of 3,632,115. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.93 and a quick ratio of 0.82. The stock's 50-day moving average is $69.88 and its two-hundred day moving average is $68.84. Xcel Energy Inc. has a 12 month low of $51.97 and a 12 month high of $73.38. The stock has a market cap of $39.92 billion, a P/E ratio of 20.12, a P/E/G ratio of 2.62 and a beta of 0.38.

Xcel Energy (NASDAQ:XEL - Get Free Report) last announced 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 14.40% and a return on equity of 10.65%. The business had revenue of $3.91 billion during the quarter, compared to the consensus estimate of $3.93 billion. During the same period last year, the company earned $0.88 EPS. The business's revenue was up 7.0% compared to the same quarter last year. Research analysts forecast that Xcel Energy Inc. will post 3.82 earnings per share for the current fiscal year.

Xcel Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 30th. Investors 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 dividend on an annualized basis and a yield of 3.29%. Xcel Energy's payout ratio 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.