Allianz Asset Management GmbH Boosts Holdings in Xcel Energy Inc. $XEL

Allianz Asset Management GmbH grew its holdings in Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 10,366.0% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 316,702 shares of the company's stock after acquiring an additional 313,676 shares during the quarter. Allianz Asset Management GmbH owned about 0.05% of Xcel Energy worth $25,431,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in XEL. Quadrant Capital Group LLC boosted its stake in Xcel Energy by 1.7% during the 3rd quarter. Quadrant Capital Group LLC now owns 7,358 shares of the company's stock valued at $593,000 after purchasing an additional 125 shares during the period. Bleakley Financial Group LLC raised its stake in Xcel Energy by 0.5% during the 4th quarter. Bleakley Financial Group LLC now owns 28,949 shares of the company's stock valued at $2,138,000 after acquiring an additional 131 shares in the last quarter. Hills Bank & Trust Co boosted its position in Xcel Energy by 2.2% during the 4th quarter. Hills Bank & Trust Co now owns 6,184 shares of the company's stock worth $457,000 after acquiring an additional 133 shares during the period. Keel Point LLC boosted its position in Xcel Energy by 2.6% during the 4th quarter. Keel Point LLC now owns 5,485 shares of the company's stock worth $405,000 after acquiring an additional 137 shares during the period. Finally, KCM Investment Advisors LLC grew its stake in shares of Xcel Energy by 1.9% in the first quarter. KCM Investment Advisors LLC now owns 7,549 shares of the company's stock worth $600,000 after purchasing an additional 140 shares in the last quarter. Hedge funds and other institutional investors own 78.38% of the company's stock.

Xcel Energy Price Performance

XEL stock opened at $75.72 on Tuesday. Xcel Energy Inc. has a 12 month low of $71.29 and a 12 month high of $84.23. The firm has a market cap of $47.30 billion, a PE ratio of 20.75, a P/E/G ratio of 2.56 and a beta of 0.39. The firm has a 50 day simple moving average of $78.62 and a 200 day simple moving average of $79.61. The company has a debt-to-equity ratio of 1.49, a current ratio of 0.70 and a quick ratio of 0.62.

Xcel Energy (NASDAQ:XEL - Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The company reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.14. The business had revenue of $3.12 billion during the quarter, compared to analyst estimates of $3.54 billion. Xcel Energy had a return on equity of 10.65% and a net margin of 15.28%.The company's revenue was down 5.1% compared to the same quarter last year. During the same period last year, the company posted $1.59 EPS. Equities research analysts forecast that Xcel Energy Inc. will post 4.11 earnings per share for the current fiscal year.

Xcel Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 20th. Investors of record on Tuesday, September 15th will be given a $0.5925 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $2.37 dividend on an annualized basis and a dividend yield of 3.1%. Xcel Energy's dividend payout ratio (DPR) is 64.93%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on XEL shares. Weiss Ratings reissued a "buy (b-)" rating on shares of Xcel Energy in a report on Wednesday, June 17th. JPMorgan Chase & Co. upped their price objective on shares of Xcel Energy from $91.00 to $102.00 and gave the stock an "overweight" rating in a report on Thursday, July 16th. BTIG Research reiterated a "buy" rating and issued a $99.00 target price on shares of Xcel Energy in a research report on Friday, July 31st. Barclays raised their target price on shares of Xcel Energy from $87.00 to $90.00 and gave the company an "overweight" rating in a research note on Thursday, July 9th. Finally, KeyCorp restated an "overweight" rating on shares of Xcel Energy in a research report on Monday, June 8th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $92.41.

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.

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