US Bancorp DE Trims Holdings in Xcel Energy Inc. $XEL

Key Points

• US Bancorp DE trimmed its stake in Xcel Energy by 21.8% in Q4, selling 71,763 shares and leaving it with 257,425 shares valued at about $19.01 million.
• Xcel reported Q1 EPS of $0.91, which matched estimates, but revenue of $4.02B missed consensus (~$4.21B) and FY2026 guidance of $4.04–4.16 is slightly below the Street (~$4.11).
• Xcel increased its quarterly dividend to $0.5925 (annualized $2.37, ~2.9% yield), and analysts maintain a consensus "Buy" rating with a mean price target of $90.88.

US Bancorp DE lessened its stake in Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 21.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 257,425 shares of the company's stock after selling 71,763 shares during the period. US Bancorp DE's holdings in Xcel Energy were worth $19,013,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Bank of America Corp DE grew its position in shares of Xcel Energy by 9.9% in the 3rd quarter. Bank of America Corp DE now owns 28,851,485 shares of the company's stock worth $2,326,872,000 after acquiring an additional 2,589,406 shares in the last quarter. Barclays PLC raised its holdings in shares of Xcel Energy by 54.3% during the third quarter. Barclays PLC now owns 6,098,386 shares of the company's stock worth $491,835,000 after purchasing an additional 2,145,063 shares during the period. Vanguard Group Inc. raised its holdings in shares of Xcel Energy by 2.7% during the third quarter. Vanguard Group Inc. now owns 76,725,720 shares of the company's stock worth $6,187,929,000 after purchasing an additional 2,001,018 shares during the period. State Street Corp lifted its position in shares of Xcel Energy by 5.1% in the 3rd quarter. State Street Corp now owns 35,896,553 shares of the company's stock worth $2,914,984,000 after buying an additional 1,752,296 shares during the last quarter. Finally, Raymond James Financial Inc. raised its stake in Xcel Energy by 100.3% during the second quarter. Raymond James Financial Inc. now owns 2,519,061 shares of the company's stock worth $171,548,000 after acquiring an additional 1,261,439 shares during the period. 78.38% of the stock is owned by institutional investors and hedge funds.

Xcel Energy Trading Down 0.4%

Shares of XEL stock opened at $82.58 on Friday. The stock has a 50-day simple moving average of $80.70 and a 200 day simple moving average of $78.73. The stock has a market capitalization of $51.54 billion, a P/E ratio of 24.15, a P/E/G ratio of 2.15 and a beta of 0.41. Xcel Energy Inc. has a fifty-two week low of $65.21 and a fifty-two week high of $84.23. The company has a quick ratio of 0.60, a current ratio of 0.71 and a debt-to-equity ratio of 1.35.

Xcel Energy (NASDAQ:XEL - Get Free Report) last released its earnings results on Thursday, April 30th. The company reported $0.91 EPS for the quarter, hitting analysts' consensus estimates of $0.91. The business had revenue of $4.02 billion for the quarter, compared to the consensus estimate of $4.21 billion. Xcel Energy had a net margin of 14.14% and a return on equity of 10.60%. The business's revenue for the quarter was up 2.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.84 EPS. Xcel Energy has set its FY 2026 guidance at 4.040-4.16 EPS. On average, sell-side analysts expect that Xcel Energy Inc. will post 4.11 earnings per share for the current fiscal year.

Xcel Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 20th. Investors of record on Friday, March 13th were paid a $0.5925 dividend. The ex-dividend date of this dividend was Friday, March 13th. This represents a $2.37 dividend on an annualized basis and a yield of 2.9%. This is an increase from Xcel Energy's previous quarterly dividend of $0.57. Xcel Energy's dividend payout ratio (DPR) is 69.30%.

Analyst Ratings Changes

XEL has been the topic of a number of research reports. UBS Group increased their price target on Xcel Energy from $89.00 to $91.00 and gave the stock a "buy" rating in a research report on Monday, April 20th. Argus set a $86.00 price target on shares of Xcel Energy in a research report on Thursday, March 12th. BMO Capital Markets increased their price objective on shares of Xcel Energy from $90.00 to $94.00 and gave the stock an "outperform" rating in a report on Wednesday, April 22nd. Barclays boosted their target price on shares of Xcel Energy from $82.00 to $91.00 and gave the company an "overweight" rating in a research note on Monday, April 20th. Finally, KeyCorp increased their price objective on Xcel Energy from $89.00 to $90.00 and gave the stock an "overweight" rating in a report on Tuesday, April 21st. Four research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $90.88.

Key Headlines Impacting Xcel Energy

Here are the key news stories impacting Xcel Energy this week:

• Positive Sentiment: Underlying earnings improved year-over-year — ongoing EPS was $0.91 (GAAP $0.89) vs $0.84 a year ago, showing earnings momentum despite headwinds. Xcel Energy First Quarter 2026 Earnings Report
• Positive Sentiment: Operations showed resilience: stronger electricity sales and recovery of electric infrastructure investments helped offset unusually warm weather and higher financing costs — supports regulated-utility cash flows and rate-recovery mechanics. Reuters: Xcel narrowly beats profit estimates
• Neutral Sentiment: Q1 operating/ongoing EPS of $0.91 matched Street estimates — the beat/miss headline was neutral on EPS, and management hosted a call with slide deck/transcript for detail. Yahoo: Xcel Energy Q1 2026 Earnings Transcript
• Negative Sentiment: Revenue missed expectations — reported $4.02B vs. analyst estimates near $4.21B, which pressures top-line growth narratives and likely weighs on near-term sentiment. Zacks: Xcel Q1 Earnings Match, Revenues Miss
• Negative Sentiment: FY‑2026 EPS guidance was set to $4.04–4.16, slightly below the consensus (~$4.11), creating downward pressure on estimates and the stock’s near‑term valuation (investors often re-price utilities when guidance misses).
• Negative Sentiment: Analyst action: Morgan Stanley trimmed its price target modestly ($93 → $92), reflecting broader utility valuation revisions — incremental negative for sentiment/target-based selling. InsiderMonkey: Why XEL remains on Wall Street’s radar

Xcel Energy Company Profile

Xcel Energy NASDAQ: XEL is a Minneapolis-based, publicly traded utility holding company that develops, owns and operates regulated electricity and natural gas delivery systems. The company's core activities include generation, transmission and distribution of electricity, the delivery of natural gas to customers, and related customer service operations. Xcel provides a mix of utility services to residential, commercial and industrial customers and participates in wholesale energy markets where appropriate.

Its generation portfolio combines nuclear, natural gas, coal and a growing share of renewable resources such as wind and solar.

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