Xcel Energy Inc. (NYSE:XEL) dropped 1.9% during mid-day trading on Thursday . The stock traded as low as $44.34 and last traded at $44.47, with a volume of 2,248,611 shares trading hands. The stock had previously closed at $45.33.

XEL has been the subject of several research analyst reports. Zacks Investment Research lowered Xcel Energy from a “hold” rating to a “sell” rating in a research note on Tuesday, April 5th. Barclays PLC lifted their price objective on Xcel Energy from $40.00 to $43.00 and gave the company an “overweight” rating in a research note on Friday, March 18th. Deutsche Bank AG reissued a “hold” rating on shares of Xcel Energy in a research note on Monday, April 18th. Jefferies Group reaffirmed a “hold” rating on shares of Xcel Energy in a research note on Tuesday, May 10th. Finally, SunTrust Banks Inc. lifted their price target on Xcel Energy from $39.00 to $40.00 and gave the stock a “neutral” rating in a research note on Monday, March 14th. One analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of C$36.49.

The company has a market capitalization of $22.51 billion and a P/E ratio of 21.00. The firm’s 50 day moving average price is $42.52 and its 200-day moving average price is $40.10.

Xcel Energy (NYSE:XEL) last issued its quarterly earnings data on Monday, May 9th. The company reported $0.47 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.47. The firm had revenue of $2.77 billion for the quarter, compared to analysts’ expectations of $3 billion. During the same quarter in the previous year, the business earned $0.46 EPS. The company’s revenue for the quarter was down 6.4% on a year-over-year basis. On average, equities research analysts expect that Xcel Energy Inc. will post $2.20 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 20th. Stockholders of record on Thursday, June 16th will be given a dividend of $0.34 per share. The ex-dividend date is Tuesday, June 14th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.07%.

Several hedge funds and institutional investors have recently modified their holdings of XEL. Vanguard Group Inc. raised its position in shares of Xcel Energy by 3.6% in the fourth quarter. Vanguard Group Inc. now owns 30,469,888 shares of the company’s stock worth $1,094,173,000 after buying an additional 1,053,651 shares during the last quarter. Wells Fargo & Company MN increased its position in shares of Xcel Energy by 42.6% in the fourth quarter. Wells Fargo & Company MN now owns 1,330,268 shares of the company’s stock worth $47,770,000 after buying an additional 397,080 shares during the last quarter. Edge Asset Management Inc. increased its position in shares of Xcel Energy by 11.3% in the fourth quarter. Edge Asset Management Inc. now owns 3,709,490 shares of the company’s stock worth $133,207,000 after buying an additional 377,500 shares during the last quarter. Victory Capital Management Inc. increased its position in shares of Xcel Energy by 19.2% in the fourth quarter. Victory Capital Management Inc. now owns 1,709,679 shares of the company’s stock worth $61,394,000 after buying an additional 275,435 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its position in shares of Xcel Energy by 31.7% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 911,025 shares of the company’s stock worth $32,717,000 after buying an additional 219,531 shares during the last quarter.

Xcel Energy Inc is a public utility holding company. The Company’s operations include activity of four utility subsidiaries that serve electric and natural gas customers. Its segments are regulated electric utility, regulated natural gas utility and all other. The regulated electric utility segment generates, transmits and distributes electricity in Minnesota, Wisconsin, Michigan, North Dakota, South Dakota, Colorado, Texas and New Mexico.

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