Truist Financial Corp Has $17.65 Million Stock Holdings in Xcel Energy Inc. $XEL

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

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Twin Peaks Wealth Advisors LLC acquired a new stake in Xcel Energy during the second quarter valued at approximately $25,000. ORG Partners LLC raised its holdings in shares of Xcel Energy by 168.4% in the 3rd quarter. ORG Partners LLC now owns 314 shares of the company’s stock worth $25,000 after buying an additional 197 shares in the last quarter. Clearstead Trust LLC lifted its position in shares of Xcel Energy by 202.2% during the 2nd quarter. Clearstead Trust LLC now owns 417 shares of the company’s stock worth $28,000 after buying an additional 279 shares during the period. First Command Advisory Services Inc. acquired a new stake in Xcel Energy in the 3rd quarter valued at $32,000. Finally, Salomon & Ludwin LLC grew its position in Xcel Energy by 98.8% in the third quarter. Salomon & Ludwin LLC now owns 509 shares of the company’s stock valued at $41,000 after acquiring an additional 253 shares during the period. Institutional investors own 78.38% of the company’s stock.

Xcel Energy Stock Performance

Xcel Energy stock opened at $76.06 on Friday. The stock has a 50-day simple moving average of $75.75 and a 200 day simple moving average of $76.00. The stock 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. 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.

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

Xcel Energy Announces Dividend

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

Analyst Upgrades and Downgrades

Several research analysts have issued reports on XEL shares. Citigroup increased their price objective on Xcel Energy from $80.00 to $92.00 and gave the stock a “buy” rating in a research note on Monday, November 3rd. Mizuho set a $86.00 target price on shares of Xcel Energy in a research report on Friday, January 9th. Royal Bank Of Canada reissued an “outperform” rating and set a $95.00 price target on shares of Xcel Energy in a report on Friday, January 23rd. Evercore ISI assumed coverage on shares of Xcel Energy in a research report on Monday, October 6th. They issued an “outperform” rating and a $92.00 price target on the stock. Finally, TD Cowen began coverage on shares of Xcel Energy in a research note on Thursday, October 16th. They set a “buy” rating and a $93.00 price objective on the stock. Three research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Xcel Energy presently has an average rating of “Buy” and a consensus target price of $87.40.

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.