M&T Bank Corp lowered its stake in Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 11.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 111,342 shares of the company's stock after selling 14,718 shares during the quarter. M&T Bank Corp's holdings in Xcel Energy were worth $7,271,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently made changes to their positions in XEL. Toronto Dominion Bank grew its holdings in shares of Xcel Energy by 19.6% during the third quarter. Toronto Dominion Bank now owns 336,265 shares of the company's stock worth $21,958,000 after buying an additional 55,018 shares in the last quarter. Coldstream Capital Management Inc. grew its stake in shares of Xcel Energy by 4.9% during the 3rd quarter. Coldstream Capital Management Inc. now owns 14,367 shares of the company's stock worth $940,000 after acquiring an additional 675 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Xcel Energy by 1.8% during the 3rd quarter. Geode Capital Management LLC now owns 14,562,103 shares of the company's stock worth $952,091,000 after acquiring an additional 262,191 shares in the last quarter. LRI Investments LLC raised its holdings in shares of Xcel Energy by 5.9% in the third quarter. LRI Investments LLC now owns 3,037 shares of the company's stock valued at $209,000 after purchasing an additional 170 shares during the last quarter. Finally, Public Employees Retirement System of Ohio boosted its holdings in Xcel Energy by 13.0% during the third quarter. Public Employees Retirement System of Ohio now owns 247,997 shares of the company's stock worth $16,194,000 after purchasing an additional 28,508 shares during the last quarter. Institutional investors and hedge funds own 78.38% of the company's stock.
Several equities research analysts have issued reports on XEL shares. Morgan Stanley lowered their price target on shares of Xcel Energy from $74.00 to $72.00 and set an "equal weight" rating on the stock in a research note on Friday, November 22nd. JPMorgan Chase & Co. upgraded Xcel Energy from a "neutral" rating to an "overweight" rating and upped their target price for the stock from $69.00 to $80.00 in a report on Thursday, December 12th. KeyCorp raised their price target on Xcel Energy from $74.00 to $79.00 and gave the company an "overweight" rating in a research note on Wednesday, December 4th. Barclays upped their price objective on Xcel Energy from $67.00 to $71.00 and gave the stock an "overweight" rating in a research note on Tuesday, November 26th. Finally, Wells Fargo & Company raised their target price on shares of Xcel Energy from $63.00 to $66.00 and gave the company an "equal weight" rating in a research note on Wednesday, October 16th. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $69.17.
View Our Latest Stock Analysis on Xcel Energy
Shares of XEL stock opened at $67.40 on Monday. Xcel Energy Inc. has a 12-month low of $46.79 and a 12-month high of $73.38. The company has a market capitalization of $38.70 billion, a PE ratio of 20.00, a price-to-earnings-growth ratio of 2.79 and a beta of 0.41. The firm has a 50 day moving average price of $67.73 and a two-hundred day moving average price of $61.83. The company has a quick ratio of 0.82, a current ratio of 0.93 and a debt-to-equity ratio of 1.42.
Xcel Energy (NASDAQ:XEL - Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The company reported $1.25 earnings per share for the quarter, missing the consensus estimate of $1.26 by ($0.01). The firm had revenue of $3.64 billion for the quarter, compared to analyst estimates of $3.93 billion. Xcel Energy had a return on equity of 10.76% and a net margin of 13.67%. The business's revenue for the quarter was down .5% on a year-over-year basis. During the same period in the previous year, the business posted $1.23 earnings per share. As a group, analysts predict that Xcel Energy Inc. will post 3.54 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Monday, January 6th will be given a $0.5475 dividend. The ex-dividend date is Monday, January 6th. This represents a $2.19 dividend on an annualized basis and a dividend yield of 3.25%. Xcel Energy's payout ratio is presently 64.99%.
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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