Truist Financial Corp Sells 14,894 Shares of Xcel Energy Inc. $XEL

Truist Financial Corp trimmed its position in Xcel Energy Inc. (NASDAQ:XEL) by 6.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 218,866 shares of the company’s stock after selling 14,894 shares during the quarter. Truist Financial Corp’s holdings in Xcel Energy were worth $17,652,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. State Street Corp grew its stake in shares of Xcel Energy by 0.4% during the second 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 period. Bank of America Corp DE boosted its holdings in 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 buying an additional 2,157,602 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of Xcel Energy by 4.3% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 19,526,873 shares of the company’s stock worth $1,574,842,000 after buying an additional 807,353 shares during the period. Geode Capital Management LLC grew its position in shares of Xcel Energy by 2.9% during the 2nd quarter. Geode Capital Management LLC now owns 16,191,204 shares of the company’s stock worth $1,108,006,000 after buying an additional 460,103 shares during the period. Finally, Invesco Ltd. increased its stake in shares of Xcel Energy by 29.0% in the 2nd 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. Institutional investors own 78.38% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on XEL. Weiss Ratings reissued a “buy (b-)” rating on shares of Xcel Energy in a research note on Wednesday, January 21st. Evercore ISI initiated coverage on shares of Xcel Energy in a research report on Monday, October 6th. They set an “outperform” rating and a $92.00 price target on the stock. Royal Bank Of Canada reissued an “outperform” rating and issued a $95.00 price target on shares of Xcel Energy in a report on Friday, January 23rd. Citigroup upped their price objective on shares of Xcel Energy from $80.00 to $92.00 and gave the company a “buy” rating in a research report on Monday, November 3rd. Finally, BMO Capital Markets lifted their target price on Xcel Energy from $84.00 to $87.00 and gave the stock an “outperform” rating in a report on Wednesday, October 15th. Three equities 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, the company currently has an average rating of “Buy” and a consensus price target of $87.40.

Xcel Energy Stock Up 0.1%

Shares of XEL stock opened at $76.06 on Friday. The firm has a fifty day moving average of $75.75 and a 200-day moving average of $76.00. The company has a quick ratio of 0.69, a current ratio of 0.79 and a debt-to-equity ratio of 1.51. Xcel Energy Inc. has a 12-month low of $65.21 and a 12-month high of $83.01. The company has a market capitalization of $44.99 billion, a price-to-earnings ratio of 23.19, a P/E/G ratio of 2.08 and a beta of 0.46.

Xcel Energy (NASDAQ:XEL) last posted its quarterly earnings data on Wednesday, October 29th. The company reported $1.24 earnings per share for the quarter, missing the consensus estimate of $1.32 by ($0.08). The firm 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 firm’s quarterly revenue was up 7.4% on a year-over-year basis. During the same period in the prior year, the company earned $1.25 earnings per share. As a group, equities research analysts predict that Xcel Energy Inc. will post 3.82 earnings per share for the current fiscal year.

Xcel Energy Announces Dividend

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

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.