PNC Financial Services Group Inc. Has $15.19 Million Stake in Xcel Energy Inc. (NASDAQ:XEL)

PNC Financial Services Group Inc. increased its position in Xcel Energy Inc. (NASDAQ:XEL) by 0.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 224,933 shares of the company’s stock after buying an additional 1,598 shares during the period. PNC Financial Services Group Inc.’s holdings in Xcel Energy were worth $15,188,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Dakota Wealth Management increased its stake in shares of Xcel Energy by 0.7% during the 4th quarter. Dakota Wealth Management now owns 23,130 shares of the company’s stock worth $1,562,000 after purchasing an additional 151 shares during the last quarter. Rothschild Investment LLC increased its position in Xcel Energy by 26.0% during the fourth quarter. Rothschild Investment LLC now owns 731 shares of the company’s stock worth $49,000 after buying an additional 151 shares during the last quarter. GenTrust LLC raised its holdings in Xcel Energy by 4.5% during the fourth quarter. GenTrust LLC now owns 3,602 shares of the company’s stock valued at $243,000 after buying an additional 155 shares in the last quarter. Integris Wealth Management LLC lifted its position in shares of Xcel Energy by 2.6% in the fourth quarter. Integris Wealth Management LLC now owns 6,323 shares of the company’s stock worth $427,000 after buying an additional 160 shares during the last quarter. Finally, Bond & Devick Financial Network Inc. lifted its position in shares of Xcel Energy by 1.1% in the third quarter. Bond & Devick Financial Network Inc. now owns 15,972 shares of the company’s stock worth $1,043,000 after buying an additional 168 shares during the last quarter. Institutional investors own 78.38% of the company’s stock.

Xcel Energy Stock Up 2.0 %

XEL stock opened at $69.35 on Tuesday. Xcel Energy Inc. has a twelve month low of $50.76 and a twelve month high of $73.38. The company has a quick ratio of 0.82, a current ratio of 0.93 and a debt-to-equity ratio of 1.42. The company has a market cap of $39.85 billion, a PE ratio of 20.16, a price-to-earnings-growth ratio of 2.62 and a beta of 0.37. The business’s 50-day simple moving average is $67.60 and its 200 day simple moving average is $66.56.

Xcel Energy (NASDAQ:XEL) last announced its quarterly earnings data on Thursday, February 6th. The company reported $0.81 earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.06). Xcel Energy had a return on equity of 10.65% and a net margin of 14.40%. On average, research analysts anticipate that Xcel Energy Inc. will post 3.82 earnings per share for the current year.

Xcel Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, April 20th. Stockholders of record on Friday, March 14th will be paid a $0.57 dividend. This is a boost from Xcel Energy’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend is Friday, March 14th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 3.29%. Xcel Energy’s dividend payout ratio is currently 66.28%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on XEL. JPMorgan Chase & Co. raised Xcel Energy from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $69.00 to $80.00 in a research note on Thursday, December 12th. Morgan Stanley dropped their price target on shares of Xcel Energy from $74.00 to $72.00 and set an “equal weight” rating on the stock in a research report on Friday, November 22nd. Barclays decreased their price objective on shares of Xcel Energy from $71.00 to $69.00 and set an “overweight” rating for the company in a report on Wednesday, January 22nd. KeyCorp boosted their target price on shares of Xcel Energy from $74.00 to $79.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 4th. Finally, Wells Fargo & Company raised their price target on Xcel Energy from $72.00 to $75.00 and gave the company an “overweight” rating in a research report on Friday, February 7th. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $69.91.

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.