Bank of New York Mellon Corp Purchases 24,256 Shares of Xcel Energy Inc. $XEL

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

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Xcel Energy during the 2nd quarter worth $25,000. ORG Partners LLC lifted its holdings in shares of Xcel Energy by 168.4% in the third quarter. ORG Partners LLC now owns 314 shares of the company’s stock worth $25,000 after acquiring an additional 197 shares during the last quarter. Clearstead Trust LLC lifted its stake in Xcel Energy by 202.2% in the 2nd quarter. Clearstead Trust LLC now owns 417 shares of the company’s stock valued at $28,000 after purchasing an additional 279 shares during the last quarter. First Command Advisory Services Inc. bought a new position in shares of Xcel Energy in the 3rd quarter valued at $32,000. Finally, Salomon & Ludwin LLC raised its position in Xcel Energy by 98.8% in the third quarter. Salomon & Ludwin LLC now owns 509 shares of the company’s stock valued at $41,000 after purchasing an additional 253 shares during the last quarter. Institutional investors and hedge funds own 78.38% of the company’s stock.

Wall Street Analysts Forecast Growth

XEL has been the subject of several analyst reports. Argus raised shares of Xcel Energy to a “strong-buy” rating in a research note on Wednesday, December 3rd. UBS Group decreased their target price on Xcel Energy from $86.00 to $81.00 and set a “neutral” rating for the company in a research note on Wednesday, December 17th. BTIG Research upgraded shares of Xcel Energy to a “strong-buy” rating in a report on Wednesday, October 22nd. Jefferies Financial Group increased their price target on Xcel Energy from $84.00 to $92.00 and gave the stock a “buy” rating in a report on Thursday, October 16th. Finally, Citigroup upped their price objective on shares of Xcel Energy from $80.00 to $92.00 and gave the stock a “buy” rating in a report on Monday, November 3rd. Three research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Xcel Energy has an average rating of “Buy” and an average price target of $87.53.

Xcel Energy Stock Performance

Shares of XEL opened at $75.97 on Friday. Xcel Energy Inc. has a 1 year low of $65.21 and a 1 year high of $83.01. The stock’s fifty day moving average price is $75.82 and its two-hundred day moving average price is $75.95. The firm has a market cap of $44.94 billion, a PE ratio of 23.16, a PEG ratio of 2.08 and a beta of 0.46. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.79 and a quick ratio of 0.69.

Xcel Energy (NASDAQ:XEL) last issued its earnings results on Wednesday, October 29th. The company reported $1.24 earnings per share for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.08). The business had revenue of $3.92 billion for the quarter, compared to the consensus estimate of $3.89 billion. Xcel Energy had a return on equity of 10.45% and a net margin of 13.46%.Xcel Energy’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.25 EPS. On average, equities research analysts forecast that Xcel Energy Inc. will post 3.82 EPS for the current year.

Xcel Energy Dividend Announcement

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

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.