M&T Bank Corp Lowers Holdings in Xcel Energy Inc. (NASDAQ:XEL)

M&T Bank Corp trimmed its holdings in Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 11.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 111,342 shares of the company's stock after selling 14,718 shares during the period. M&T Bank Corp's holdings in Xcel Energy were worth $7,271,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Lantz Financial LLC raised its position in Xcel Energy by 57.3% in the 2nd quarter. Lantz Financial LLC now owns 6,254 shares of the company's stock valued at $334,000 after buying an additional 2,277 shares during the last quarter. Sequoia Financial Advisors LLC raised its holdings in shares of Xcel Energy by 37.5% in the second quarter. Sequoia Financial Advisors LLC now owns 8,102 shares of the company's stock valued at $433,000 after purchasing an additional 2,209 shares during the last quarter. Wedmont Private Capital lifted its position in shares of Xcel Energy by 26.1% during the second quarter. Wedmont Private Capital now owns 4,980 shares of the company's stock valued at $270,000 after purchasing an additional 1,030 shares in the last quarter. Great Valley Advisor Group Inc. boosted its holdings in Xcel Energy by 11.2% during the second quarter. Great Valley Advisor Group Inc. now owns 19,599 shares of the company's stock worth $1,047,000 after purchasing an additional 1,970 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. grew its position in Xcel Energy by 21.6% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 61,167 shares of the company's stock worth $3,267,000 after purchasing an additional 10,851 shares in the last quarter. 78.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have commented on XEL shares. Barclays lifted their target price on shares of Xcel Energy from $67.00 to $71.00 and gave the stock an "overweight" rating in a research report on Tuesday, November 26th. Wells Fargo & Company lifted their price target on Xcel Energy from $63.00 to $66.00 and gave the stock an "equal weight" rating in a report on Wednesday, October 16th. JPMorgan Chase & Co. upgraded Xcel Energy from a "neutral" rating to an "overweight" rating and upped their price objective for the company from $69.00 to $80.00 in a research note on Thursday. Morgan Stanley lowered their target price on Xcel Energy from $74.00 to $72.00 and set an "equal weight" rating on the stock in a research note on Friday, November 22nd. Finally, UBS Group increased their price target on shares of Xcel Energy from $66.00 to $67.00 and gave the company a "neutral" rating in a research report on Friday, September 20th. Six research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $68.62.

Xcel Energy Stock Performance

Shares of XEL traded up $0.13 during trading hours on Thursday, hitting $68.49. The company's stock had a trading volume of 2,574,740 shares, compared to its average volume of 4,100,686. The business has a 50 day simple moving average of $67.10 and a two-hundred day simple moving average of $61.19. Xcel Energy Inc. has a 52-week low of $46.79 and a 52-week 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 company has a market cap of $39.33 billion, a price-to-earnings ratio of 20.28, a PEG ratio of 2.86 and a beta of 0.41.

Xcel Energy (NASDAQ:XEL - Get Free Report) last released its quarterly earnings data on Thursday, October 31st. The company reported $1.25 earnings per share for the quarter, missing analysts' consensus estimates of $1.26 by ($0.01). The business had revenue of $3.64 billion during the quarter, compared to analysts' expectations of $3.93 billion. Xcel Energy had a net margin of 13.67% and a return on equity of 10.76%. The firm's quarterly revenue was down .5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.23 earnings per share. On average, equities analysts expect that Xcel Energy Inc. will post 3.54 earnings per share for the current fiscal year.

About Xcel Energy

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.