Bank of New York Mellon Corp Has $263.56 Million Position in Xcel Energy Inc. $XEL

Bank of New York Mellon Corp grew its position in Xcel Energy Inc. (NASDAQ:XEL) by 0.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,568,344 shares of the company’s stock after buying an additional 7,646 shares during the quarter. Bank of New York Mellon Corp’s holdings in Xcel Energy were worth $263,558,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Quadrant Capital Group LLC raised its position in shares of Xcel Energy by 1.7% in the 3rd quarter. Quadrant Capital Group LLC now owns 7,358 shares of the company’s stock valued at $593,000 after buying an additional 125 shares in the last quarter. TIAA Trust National Association increased its position in Xcel Energy by 1.0% during the 3rd quarter. TIAA Trust National Association now owns 12,683 shares of the company’s stock worth $1,022,000 after purchasing an additional 126 shares in the last quarter. Bleakley Financial Group LLC increased its position in Xcel Energy by 0.5% during the 4th quarter. Bleakley Financial Group LLC now owns 28,949 shares of the company’s stock worth $2,138,000 after purchasing an additional 131 shares in the last quarter. Hills Bank & Trust Co increased its position in Xcel Energy by 2.2% during the 4th quarter. Hills Bank & Trust Co now owns 6,184 shares of the company’s stock worth $457,000 after purchasing an additional 133 shares in the last quarter. Finally, Intrust Bank NA increased its position in Xcel Energy by 1.3% during the 3rd quarter. Intrust Bank NA now owns 11,360 shares of the company’s stock worth $916,000 after purchasing an additional 142 shares in the last quarter. 78.38% of the stock is currently owned by institutional investors and hedge funds.

Xcel Energy Trading Up 0.5%

NASDAQ:XEL opened at $77.77 on Friday. The firm’s fifty day moving average is $79.78 and its 200-day moving average is $78.51. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.68 and a current ratio of 0.77. Xcel Energy Inc. has a 52 week low of $65.21 and a 52 week high of $84.23. The firm has a market cap of $48.55 billion, a P/E ratio of 22.41, a P/E/G ratio of 2.01 and a beta of 0.39.

Xcel Energy (NASDAQ:XEL) last posted its quarterly earnings data on Wednesday, April 29th. The company reported $0.91 EPS for the quarter, meeting analysts’ consensus estimates of $0.91. Xcel Energy had a net margin of 14.14% and a return on equity of 10.37%. The company had revenue of $4.02 billion for the quarter, compared to analyst estimates of $4.21 billion. During the same period in the prior year, the firm posted $0.84 EPS. The company’s quarterly revenue was up 2.9% on a year-over-year basis. Equities analysts expect that Xcel Energy Inc. will post 4.11 earnings per share for the current year.

Xcel Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 20th. Stockholders of record on Monday, June 15th will be paid a $0.5925 dividend. This represents a $2.37 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend is Monday, June 15th. Xcel Energy’s dividend payout ratio is currently 68.30%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on XEL shares. UBS Group upped their price objective on shares of Xcel Energy from $89.00 to $91.00 and gave the stock a “buy” rating in a research report on Monday, April 20th. Barclays lowered their price objective on shares of Xcel Energy from $91.00 to $87.00 and set an “overweight” rating for the company in a research report on Tuesday, May 12th. Truist Financial reduced their target price on shares of Xcel Energy from $95.00 to $92.00 and set a “buy” rating on the stock in a report on Monday, May 18th. Argus set a $86.00 price target on shares of Xcel Energy in a research note on Thursday, March 12th. Finally, Weiss Ratings upgraded shares of Xcel Energy from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, March 20th. Three analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $90.63.

Xcel Energy 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.