Mitsubishi UFJ Trust & Banking Corp Has $199.74 Million Holdings in Xcel Energy Inc. $XEL

Mitsubishi UFJ Trust & Banking Corp cut its stake in Xcel Energy Inc. (NASDAQ:XEL) by 29.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,476,607 shares of the company’s stock after selling 1,039,449 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned 0.42% of Xcel Energy worth $199,738,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. State Street Corp raised its position in Xcel Energy by 0.4% in the 2nd quarter. State Street Corp now owns 34,144,257 shares of the company’s stock worth $2,344,295,000 after purchasing an additional 126,790 shares during the last quarter. Bank of America Corp DE raised its position in shares of Xcel Energy by 9.0% during the second quarter. Bank of America Corp DE now owns 26,262,079 shares of the company’s stock worth $1,788,448,000 after acquiring an additional 2,157,602 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of Xcel Energy by 4.3% during the third quarter. Massachusetts Financial Services Co. MA now owns 19,526,873 shares of the company’s stock worth $1,574,842,000 after acquiring an additional 807,353 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Xcel Energy by 2.9% during the second quarter. Geode Capital Management LLC now owns 16,191,204 shares of the company’s stock valued at $1,108,006,000 after acquiring an additional 460,103 shares during the period. Finally, Invesco Ltd. boosted its holdings in Xcel Energy by 29.0% in the second quarter. Invesco Ltd. now owns 7,366,422 shares of the company’s stock valued at $501,653,000 after acquiring an additional 1,654,505 shares during the last quarter. 78.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on XEL. Royal Bank Of Canada reissued an “outperform” rating and set a $95.00 price objective on shares of Xcel Energy in a report on Friday. Morgan Stanley reissued an “underperform” rating on shares of Xcel Energy in a research note on Wednesday. BMO Capital Markets raised their price objective on shares of Xcel Energy from $84.00 to $87.00 and gave the company an “outperform” rating in a research note on Wednesday, October 15th. Evercore ISI began coverage on shares of Xcel Energy in a report on Monday, October 6th. They set an “outperform” rating and a $92.00 target price for the company. Finally, TD Cowen initiated coverage on Xcel Energy in a research note on Thursday, October 16th. They issued a “buy” rating and a $93.00 price target on the stock. Three investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $87.53.

Xcel Energy Trading Down 1.1%

Shares of NASDAQ XEL opened at $75.01 on Friday. Xcel Energy Inc. has a twelve month low of $65.21 and a twelve month high of $83.01. The stock has a market cap of $44.37 billion, a price-to-earnings ratio of 22.87, a P/E/G ratio of 2.07 and a beta of 0.46. The company has a quick ratio of 0.69, a current ratio of 0.79 and a debt-to-equity ratio of 1.51. The company’s fifty day moving average is $76.17 and its 200-day moving average is $75.73.

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

Xcel Energy Dividend Announcement

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

Xcel Energy Company 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.