M&T Bank Corp Decreases Position in Xcel Energy Inc. (NASDAQ:XEL)

M&T Bank Corp cut its position in shares of Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 5.8% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 104,901 shares of the company's stock after selling 6,441 shares during the quarter. M&T Bank Corp's holdings in Xcel Energy were worth $7,082,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Atria Investments Inc raised its holdings in Xcel Energy by 4.9% during the fourth quarter. Atria Investments Inc now owns 84,467 shares of the company's stock worth $5,703,000 after purchasing an additional 3,919 shares during the last quarter. Assetmark Inc. raised its holdings in shares of Xcel Energy by 4.4% in the fourth quarter. Assetmark Inc. now owns 145,564 shares of the company's stock worth $9,828,000 after acquiring an additional 6,134 shares during the last quarter. Cookson Peirce & Co. Inc. acquired a new position in shares of Xcel Energy in the fourth quarter worth $957,000. Charles Schwab Investment Management Inc. raised its holdings in shares of Xcel Energy by 6.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,625,848 shares of the company's stock worth $244,817,000 after acquiring an additional 208,233 shares during the last quarter. Finally, State of Michigan Retirement System raised its holdings in shares of Xcel Energy by 2.7% in the fourth quarter. State of Michigan Retirement System now owns 155,894 shares of the company's stock worth $10,526,000 after acquiring an additional 4,100 shares during the last quarter. 78.38% of the stock is owned by institutional investors and hedge funds.

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Xcel Energy Trading Up 0.5 %

XEL stock traded up $0.34 during trading on Friday, reaching $68.00. 3,849,596 shares of the stock traded hands, compared to its average volume of 3,708,125. The business's 50 day moving average price is $67.57 and its 200-day moving average price is $66.50. Xcel Energy Inc. has a 52-week low of $49.89 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 firm has a market capitalization of $39.07 billion, a PE ratio of 19.77, a P/E/G ratio of 2.62 and a beta of 0.37.

Xcel Energy (NASDAQ:XEL - Get Free Report) last posted 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 net margin of 14.40% and a return on equity of 10.65%. As a group, sell-side analysts forecast that Xcel Energy Inc. will post 3.82 earnings per share for the current year.

Xcel Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Sunday, April 20th. Shareholders of record on Friday, March 14th will be given a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 3.35%. The ex-dividend date of this dividend is Friday, March 14th. This is an increase from Xcel Energy's previous quarterly dividend of $0.55. Xcel Energy's payout ratio is 66.28%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. KeyCorp boosted 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. Wells Fargo & Company boosted 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. raised Xcel Energy from a "neutral" rating to an "overweight" rating and boosted their price target for the stock from $69.00 to $80.00 in a report on Thursday, December 12th. Barclays cut their price target on Xcel Energy from $71.00 to $69.00 and set an "overweight" rating for the company in a report on Wednesday, January 22nd. Finally, Morgan Stanley dropped their target price on Xcel Energy from $74.00 to $72.00 and set an "equal weight" rating for the company in a research note on Friday, November 22nd. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $69.91.

Xcel Energy Company 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.