Xcel Energy Inc. (NASDAQ:XEL) Shares Sold by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp lessened its holdings in shares of Xcel Energy Inc. (NASDAQ:XEL) by 7.9% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,233,008 shares of the company’s stock after selling 279,172 shares during the period. Xcel Energy accounts for approximately 0.6% of Mitsubishi UFJ Trust & Banking Corp’s holdings, making the stock its 26th biggest position. Mitsubishi UFJ Trust & Banking Corp owned 0.56% of Xcel Energy worth $228,865,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of XEL. BankPlus Trust Department bought a new position in shares of Xcel Energy during the first quarter worth about $34,000. Rossby Financial LCC bought a new stake in Xcel Energy in the 1st quarter valued at about $50,000. Itau Unibanco Holding S.A. acquired a new position in Xcel Energy during the 4th quarter valued at about $52,000. Alpine Bank Wealth Management bought a new position in Xcel Energy in the 1st quarter worth about $53,000. Finally, WFA Asset Management Corp grew its position in Xcel Energy by 449.0% in the 1st quarter. WFA Asset Management Corp now owns 1,131 shares of the company’s stock worth $80,000 after purchasing an additional 925 shares during the last quarter. Institutional investors and hedge funds own 78.38% of the company’s stock.

Xcel Energy Price Performance

Shares of Xcel Energy stock opened at $73.47 on Friday. Xcel Energy Inc. has a 52 week low of $57.24 and a 52 week high of $74.13. The company has a current ratio of 0.80, a quick ratio of 0.70 and a debt-to-equity ratio of 1.48. The company’s 50-day moving average price is $69.18 and its two-hundred day moving average price is $69.14. The stock has a market cap of $42.37 billion, a PE ratio of 20.35, a price-to-earnings-growth ratio of 2.47 and a beta of 0.34.

Xcel Energy (NASDAQ:XEL) last released its earnings results on Thursday, July 31st. The company reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.09. The business had revenue of $3.29 billion for the quarter, compared to the consensus estimate of $3.31 billion. Xcel Energy had a net margin of 14.85% and a return on equity of 10.71%. The business’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.54 EPS. As a group, sell-side analysts anticipate that Xcel Energy Inc. will post 3.82 EPS for the current fiscal year.

Xcel Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 20th. Stockholders of record on Monday, September 15th will be paid a dividend of $0.57 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a $2.28 annualized dividend and a dividend yield of 3.1%. Xcel Energy’s dividend payout ratio (DPR) is currently 63.16%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Barclays boosted their price objective on Xcel Energy from $72.00 to $73.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 22nd. Evercore ISI lifted their target price on Xcel Energy from $74.00 to $77.00 and gave the company an “outperform” rating in a research note on Monday, April 28th. Wall Street Zen lowered Xcel Energy from a “hold” rating to a “sell” rating in a research report on Tuesday, May 20th. Wells Fargo & Company set a $78.00 price target on Xcel Energy and gave the stock an “overweight” rating in a research note on Friday, April 25th. Finally, Mizuho lifted their price objective on shares of Xcel Energy from $74.00 to $78.00 and gave the company an “outperform” rating in a research note on Friday. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $76.00.

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.