PNC Financial Services Group Inc. Cuts Stake in Xcel Energy Inc. $XEL

PNC Financial Services Group Inc. trimmed its position in Xcel Energy Inc. (NASDAQ:XEL) by 4.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 210,603 shares of the company’s stock after selling 8,726 shares during the period. PNC Financial Services Group Inc.’s holdings in Xcel Energy were worth $16,730,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Quadrant Capital Group LLC lifted its position in shares of Xcel Energy by 1.7% in the third quarter. Quadrant Capital Group LLC now owns 7,358 shares of the company’s stock valued at $593,000 after acquiring an additional 125 shares in the last quarter. Bleakley Financial Group LLC boosted its stake in shares of Xcel Energy by 0.5% in the fourth quarter. Bleakley Financial Group LLC now owns 28,949 shares of the company’s stock worth $2,138,000 after acquiring an additional 131 shares during the last quarter. Hills Bank & Trust Co increased its position in shares of Xcel Energy by 2.2% during the fourth quarter. Hills Bank & Trust Co now owns 6,184 shares of the company’s stock worth $457,000 after purchasing an additional 133 shares in the last quarter. Keel Point LLC increased its position in shares of Xcel Energy by 2.6% during the fourth quarter. Keel Point LLC now owns 5,485 shares of the company’s stock worth $405,000 after purchasing an additional 137 shares in the last quarter. Finally, GeoWealth Management LLC lifted its holdings in Xcel Energy by 4.8% in the 3rd quarter. GeoWealth Management LLC now owns 3,185 shares of the company’s stock valued at $257,000 after purchasing an additional 145 shares in the last quarter. 78.38% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have issued reports on XEL. Truist Financial lifted their target price on shares of Xcel Energy from $92.00 to $94.00 and gave the stock a “buy” rating in a research note on Thursday, July 16th. Barclays increased their target price on shares of Xcel Energy from $87.00 to $90.00 and gave the company an “overweight” rating in a research report on Thursday, July 9th. KeyCorp reissued an “overweight” rating on shares of Xcel Energy in a research note on Monday, June 8th. New Street Research set a $91.00 price target on shares of Xcel Energy in a research report on Tuesday, June 23rd. Finally, Morgan Stanley set a $89.00 price target on Xcel Energy in a research report on Wednesday, June 24th. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $92.65.

Xcel Energy Stock Up 1.1%

Shares of NASDAQ XEL opened at $81.67 on Friday. The company has a quick ratio of 0.68, a current ratio of 0.77 and a debt-to-equity ratio of 1.45. The business’s 50 day moving average is $79.59 and its two-hundred day moving average is $79.26. Xcel Energy Inc. has a 52-week low of $69.16 and a 52-week high of $84.23. The firm has a market cap of $50.98 billion, a price-to-earnings ratio of 23.54, a PEG ratio of 2.10 and a beta of 0.39.

Xcel Energy (NASDAQ:XEL) last issued its quarterly earnings data on Wednesday, April 29th. The company reported $0.91 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.91. The business had revenue of $4.02 billion during the quarter, compared to analysts’ expectations of $4.21 billion. Xcel Energy had a return on equity of 10.37% and a net margin of 14.14%.The company’s revenue was up 2.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.84 earnings per share. Research analysts predict that Xcel Energy Inc. will post 4.11 EPS for the current year.

Xcel Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, July 20th. Investors of record on Monday, June 15th were issued a dividend of $0.5925 per share. This represents a $2.37 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date was Monday, June 15th. Xcel Energy’s dividend payout ratio (DPR) is 68.30%.

Xcel Energy News Roundup

Here are the key news stories impacting Xcel Energy this week:

• Positive Sentiment: KeyCorp reiterated an Overweight rating on Xcel Energy and raised its longer-term earnings estimates, including FY2027, FY2028, FY2029, and FY2030, signaling confidence in the utility’s multi-year growth profile.
• Positive Sentiment: KeyCorp also lifted its FY2029 EPS forecast to $5.34 from $5.13 and FY2028 EPS to $4.89 from $4.77, which supports the view that earnings can improve steadily over time.
• Positive Sentiment: Recent commentary also pointed to Xcel as potentially undervalued relative to its earnings and dividend profile, with additional investor focus on clean energy spending and AI-driven power demand as possible longer-term tailwinds.
• Neutral Sentiment: KeyCorp’s near-term FY2026 EPS estimate was slightly reduced to $4.12 from $4.13, a small change that does not materially alter the broader thesis.
• Neutral Sentiment: Other recent coverage included Morgan Stanley reiterating a Hold rating and Zacks noting the company is due to report earnings next week, keeping attention centered on the upcoming results rather than any major new fundamental shock.

About Xcel Energy

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.