Allianz Asset Management GmbH Lowers Stock Position in Xcel Energy Inc. (NASDAQ:XEL)

Allianz Asset Management GmbH lowered its holdings in Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 6.2% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 823,553 shares of the company's stock after selling 54,231 shares during the quarter. Allianz Asset Management GmbH owned approximately 0.14% of Xcel Energy worth $58,299,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of XEL. Bank of America Corp DE raised its holdings in shares of Xcel Energy by 43.6% in the 4th quarter. Bank of America Corp DE now owns 20,762,745 shares of the company's stock valued at $1,401,901,000 after purchasing an additional 6,306,380 shares in the last quarter. FMR LLC raised its stake in shares of Xcel Energy by 118.3% during the 4th quarter. FMR LLC now owns 6,608,044 shares of the company's stock worth $446,175,000 after acquiring an additional 3,581,436 shares in the last quarter. Zimmer Partners LP raised its stake in shares of Xcel Energy by 1,625.7% during the 4th quarter. Zimmer Partners LP now owns 3,667,200 shares of the company's stock worth $247,609,000 after acquiring an additional 3,454,700 shares in the last quarter. Pictet Asset Management Holding SA raised its stake in shares of Xcel Energy by 236.7% during the 4th quarter. Pictet Asset Management Holding SA now owns 4,878,279 shares of the company's stock worth $329,381,000 after acquiring an additional 3,429,353 shares in the last quarter. Finally, Janus Henderson Group PLC raised its stake in shares of Xcel Energy by 379.3% during the 4th quarter. Janus Henderson Group PLC now owns 4,022,085 shares of the company's stock worth $271,578,000 after acquiring an additional 3,182,939 shares in the last quarter. Institutional investors own 78.38% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on XEL shares. UBS Group boosted their price objective on shares of Xcel Energy from $73.00 to $77.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 1st. Morgan Stanley cut their price target on shares of Xcel Energy from $78.00 to $77.00 and set an "equal weight" rating on the stock in a research note on Wednesday, June 18th. Evercore ISI upped their price target on shares of Xcel Energy from $74.00 to $77.00 and gave the company an "outperform" rating in a research note on Monday, April 28th. BMO Capital Markets upped their price target on shares of Xcel Energy from $69.00 to $73.00 and gave the company a "market perform" rating in a research note on Wednesday, April 23rd. Finally, Wall Street Zen lowered shares of Xcel Energy from a "hold" rating to a "sell" rating in a research note on Tuesday, May 20th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, Xcel Energy currently has a consensus rating of "Moderate Buy" and a consensus price target of $75.80.

Xcel Energy Stock Performance

Shares of XEL stock traded down $0.12 during trading hours on Friday, hitting $72.66. The company's stock had a trading volume of 2,760,039 shares, compared to its average volume of 2,711,788. The company has a 50 day moving average of $68.99 and a 200 day moving average of $68.87. The stock has a market cap of $41.91 billion, a PE ratio of 21.37, a price-to-earnings-growth ratio of 2.45 and a beta of 0.36. The company has a current ratio of 0.80, a quick ratio of 0.70 and a debt-to-equity ratio of 1.48. Xcel Energy Inc. has a 12-month low of $56.69 and a 12-month high of $73.56.

Xcel Energy (NASDAQ:XEL - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The company reported $0.84 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.95 by ($0.11). Xcel Energy had a return on equity of 10.20% and a net margin of 14.10%. The firm had revenue of $3.91 billion for the quarter, compared to analysts' expectations of $3.93 billion. During the same period last year, the company posted $0.88 earnings per share. The business's quarterly revenue was up 7.0% on a year-over-year basis. On average, sell-side analysts forecast that Xcel Energy Inc. will post 3.82 EPS for the current fiscal year.

Xcel Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Sunday, July 20th. Investors of record on Friday, June 13th were issued a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 3.14%. The ex-dividend date of this dividend was Friday, June 13th. Xcel Energy's dividend payout ratio (DPR) is presently 67.06%.

Xcel Energy Profile

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.