Toronto Dominion Bank Has $22.08 Million Position in Xcel Energy Inc. (NASDAQ:XEL)

Toronto Dominion Bank decreased its position in shares of Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 2.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 326,955 shares of the company's stock after selling 9,310 shares during the period. Toronto Dominion Bank owned 0.06% of Xcel Energy worth $22,076,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Sierra Ocean LLC acquired a new position in Xcel Energy in the fourth quarter worth approximately $26,000. Fairway Wealth LLC acquired a new position in Xcel Energy in the fourth quarter worth approximately $27,000. Crews Bank & Trust acquired a new position in Xcel Energy in the fourth quarter worth approximately $34,000. Rothschild Investment LLC grew its position in Xcel Energy by 26.0% in the fourth quarter. Rothschild Investment LLC now owns 731 shares of the company's stock worth $49,000 after buying an additional 151 shares during the last quarter. Finally, Itau Unibanco Holding S.A. acquired a new position in Xcel Energy in the fourth quarter worth approximately $52,000. Institutional investors own 78.38% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Evercore ISI lifted their price objective 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. Wells Fargo & Company set a $78.00 price target on shares of Xcel Energy and gave the company an "overweight" rating in a report on Friday, April 25th. Morgan Stanley set a $78.00 price target on shares of Xcel Energy and gave the company an "equal weight" rating in a report on Thursday, May 22nd. Wall Street Zen cut shares of Xcel Energy from a "hold" rating to a "sell" rating in a report on Tuesday, May 20th. Finally, UBS Group boosted their price target 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. One research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $75.90.

Xcel Energy Stock Up 1.1%

NASDAQ:XEL traded up $0.73 during trading hours on Friday, reaching $70.20. The company's stock had a trading volume of 3,985,767 shares, compared to its average volume of 3,629,701. The company has a market cap of $40.49 billion, a price-to-earnings ratio of 20.41, a price-to-earnings-growth ratio of 2.62 and a beta of 0.38. Xcel Energy Inc. has a one year low of $51.97 and a one year high of $73.38. The business's 50-day moving average is $69.89 and its 200-day moving average is $68.96. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.93 and a quick ratio of 0.82.

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 (EPS) for the quarter, missing analysts' consensus estimates of $0.95 by ($0.11). The business had revenue of $3.91 billion during the quarter, compared to the consensus estimate of $3.93 billion. Xcel Energy had a return on equity of 10.65% and a net margin of 14.40%. The company's revenue for the quarter was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.88 earnings per share. Equities research analysts predict that Xcel Energy Inc. will post 3.82 EPS for the current year.

Xcel Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 30th. Shareholders of record on Friday, June 13th will be issued a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 3.25%. The ex-dividend date of this dividend is Friday, June 13th. Xcel Energy's dividend payout ratio (DPR) is 67.06%.

Insider Buying and Selling at Xcel Energy

In other news, Director Devin W. Stockfish purchased 2,170 shares of the firm's stock in a transaction on Tuesday, March 11th. The stock was bought at an average cost of $68.93 per share, for a total transaction of $149,578.10. Following the completion of the acquisition, the director now directly owns 3,007 shares of the company's stock, valued at approximately $207,272.51. The trade was a 259.26% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.09% of the company's stock.

Xcel Energy 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.