Xcel Energy Inc. (NASDAQ:XEL) Shares Acquired by Truist Financial Corp

Truist Financial Corp lifted its position in shares of Xcel Energy Inc. (NASDAQ:XEL) by 0.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 234,442 shares of the company’s stock after purchasing an additional 2,152 shares during the quarter. Truist Financial Corp’s holdings in Xcel Energy were worth $15,829,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Ashton Thomas Securities LLC acquired a new stake in shares of Xcel Energy during the 3rd quarter worth approximately $25,000. Sierra Ocean LLC purchased a new position in Xcel Energy in the 4th quarter valued at $26,000. Transcendent Capital Group LLC purchased a new position in Xcel Energy in the 3rd quarter valued at $33,000. Crews Bank & Trust purchased a new position in Xcel Energy in the 4th quarter valued at $34,000. Finally, MCF Advisors LLC lifted its holdings in Xcel Energy by 566.3% in the 4th quarter. MCF Advisors LLC now owns 593 shares of the company’s stock valued at $40,000 after purchasing an additional 504 shares in the last quarter. Institutional investors and hedge funds own 78.38% of the company’s stock.

Xcel Energy Trading Up 0.8 %

NASDAQ XEL opened at $69.07 on Thursday. The firm’s 50-day moving average is $67.04 and its two-hundred day moving average is $65.52. Xcel Energy Inc. has a 12 month low of $46.79 and a 12 month high of $73.38. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.93 and a quick ratio of 0.82. The stock has a market capitalization of $39.66 billion, a P/E ratio of 20.08, a PEG ratio of 2.59 and a beta of 0.43.

Xcel Energy (NASDAQ:XEL) last issued its quarterly earnings results on Thursday, February 6th. The company reported $0.81 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.06). Xcel Energy had a return on equity of 10.65% and a net margin of 14.40%. On average, sell-side analysts anticipate that Xcel Energy Inc. will post 3.82 earnings per share for the current year.

Xcel Energy Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 29th. Shareholders of record on Monday, January 6th were paid a dividend of $0.5475 per share. The ex-dividend date of this dividend was Monday, January 6th. This represents a $2.19 dividend on an annualized basis and a yield of 3.17%. Xcel Energy’s dividend payout ratio (DPR) is presently 63.66%.

Analysts Set New Price Targets

XEL has been the topic of several analyst reports. KeyCorp lifted their price target on Xcel Energy from $74.00 to $79.00 and gave the stock an “overweight” rating in a report on Wednesday, December 4th. Barclays reduced their price target on Xcel Energy from $71.00 to $69.00 and set an “overweight” rating on the stock in a report on Wednesday, January 22nd. Wells Fargo & Company lifted their price target on Xcel Energy from $72.00 to $75.00 and gave the stock an “overweight” rating in a report on Friday, February 7th. JPMorgan Chase & Co. upgraded Xcel Energy from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $69.00 to $80.00 in a report on Thursday, December 12th. Finally, Jefferies Financial Group upgraded Xcel Energy from a “hold” rating to a “buy” rating and lifted their price target for the stock from $71.00 to $76.00 in a report on Friday, November 1st. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $69.91.

Xcel Energy 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.