PNC Financial Services Group Inc. Lowers Position in Xcel Energy Inc. $XEL

PNC Financial Services Group Inc. decreased its holdings in shares of Xcel Energy Inc. (NASDAQ:XEL) by 4.0% during the first quarter, according to its most recent filing with the SEC. The firm 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.

A number of other hedge funds also recently bought and sold shares of the stock. Evolution Wealth Management Inc. lifted its stake in shares of Xcel Energy by 365.3% during the 1st quarter. Evolution Wealth Management Inc. now owns 349 shares of the company’s stock worth $28,000 after purchasing an additional 274 shares during the last quarter. Garton & Associates Financial Advisors LLC purchased a new stake in Xcel Energy during the fourth quarter valued at approximately $30,000. Pittenger & Anderson Inc. boosted its stake in Xcel Energy by 73.8% in the fourth quarter. Pittenger & Anderson Inc. now owns 471 shares of the company’s stock valued at $35,000 after acquiring an additional 200 shares in the last quarter. Advocate Investing Services LLC acquired a new stake in Xcel Energy in the fourth quarter valued at approximately $38,000. Finally, Cedar Mountain Advisors LLC acquired a new stake in Xcel Energy in the first quarter valued at approximately $39,000. Hedge funds and other institutional investors own 78.38% of the company’s stock.

Xcel Energy Price Performance

NASDAQ:XEL opened at $81.67 on Friday. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.77 and a quick ratio of 0.68. The firm has a market cap of $50.98 billion, a price-to-earnings ratio of 23.54, a price-to-earnings-growth ratio of 2.10 and a beta of 0.39. The company has a 50 day moving average price of $79.59 and a 200-day moving average price of $79.26. Xcel Energy Inc. has a 1-year low of $69.16 and a 1-year high of $84.23.

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

Xcel Energy Dividend Announcement

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

Key Headlines Impacting Xcel Energy

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.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on XEL shares. KeyCorp reaffirmed an “overweight” rating on shares of Xcel Energy in a research report on Monday, June 8th. BMO Capital Markets dropped their price target on Xcel Energy from $95.00 to $92.00 and set an “outperform” rating on the stock in a research note on Wednesday. Jefferies Financial Group set a $101.00 price objective on shares of Xcel Energy in a report on Tuesday, July 7th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Xcel Energy in a research report on Wednesday, June 17th. Finally, 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. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Xcel Energy currently has a consensus rating of “Buy” and an average target price of $92.65.

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.