Xcel Energy Inc. $XEL Shares Acquired by Bank of New York Mellon Corp

Bank of New York Mellon Corp increased its position in Xcel Energy Inc. (NASDAQ:XEL) by 0.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,560,698 shares of the company’s stock after buying an additional 24,256 shares during the quarter. Bank of New York Mellon Corp owned about 0.60% of Xcel Energy worth $287,170,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Sequoia Financial Advisors LLC lifted its stake in Xcel Energy by 35.4% in the second quarter. Sequoia Financial Advisors LLC now owns 35,803 shares of the company’s stock valued at $2,438,000 after buying an additional 9,355 shares during the last quarter. Balyasny Asset Management L.P. increased its stake in Xcel Energy by 2,324.9% during the 2nd quarter. Balyasny Asset Management L.P. now owns 1,716,351 shares of the company’s stock valued at $116,884,000 after buying an additional 1,645,571 shares during the period. Apollon Wealth Management LLC increased its stake in shares of Xcel Energy by 94.0% during the third quarter. Apollon Wealth Management LLC now owns 31,131 shares of the company’s stock valued at $2,511,000 after acquiring an additional 15,083 shares during the period. VCI Wealth Management LLC acquired a new position in shares of Xcel Energy during the 3rd quarter valued at $1,176,000. Finally, Jump Financial LLC bought a new position in Xcel Energy during the second quarter valued at about $9,196,000. Institutional investors and hedge funds own 78.38% of the company’s stock.

Xcel Energy Stock Performance

NASDAQ:XEL opened at $75.97 on Friday. Xcel Energy Inc. has a 52-week low of $65.21 and a 52-week high of $83.01. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.69 and a current ratio of 0.79. The company has a market cap of $44.94 billion, a price-to-earnings ratio of 23.16, a PEG ratio of 2.08 and a beta of 0.46. The firm’s 50-day moving average is $75.82 and its 200-day moving average is $75.95.

Xcel Energy (NASDAQ:XEL) last posted its quarterly earnings results on Wednesday, October 29th. The company reported $1.24 EPS for the quarter, missing the consensus estimate of $1.32 by ($0.08). The firm had revenue of $3.92 billion during the quarter, compared to analyst estimates of $3.89 billion. Xcel Energy had a net margin of 13.46% and a return on equity of 10.45%. The company’s revenue was up 7.4% on a year-over-year basis. During the same period last year, the company earned $1.25 EPS. Equities research analysts anticipate that Xcel Energy Inc. will post 3.82 earnings per share for the current year.

Xcel Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 20th. Stockholders of record on Monday, December 29th were given a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend was Monday, December 29th. Xcel Energy’s dividend payout ratio (DPR) is presently 69.51%.

Analyst Upgrades and Downgrades

XEL has been the subject of a number of research reports. KeyCorp reduced their target price on shares of Xcel Energy from $85.00 to $84.00 and set an “overweight” rating for the company in a report on Friday, December 12th. Citigroup upped their price target on Xcel Energy from $80.00 to $92.00 and gave the company a “buy” rating in a research report on Monday, November 3rd. BTIG Research upgraded shares of Xcel Energy to a “strong-buy” rating in a research note on Wednesday, October 22nd. Morgan Stanley reaffirmed an “underperform” rating on shares of Xcel Energy in a research report on Wednesday, January 21st. Finally, TD Cowen started coverage on shares of Xcel Energy in a research report on Thursday, October 16th. They issued a “buy” rating and a $93.00 target price for the company. Three analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Xcel Energy has an average rating of “Buy” and an average price target of $87.53.

About Xcel Energy

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.