Xcel Energy Inc. (NASDAQ:XEL) Stock Holdings Lessened by Jennison Associates LLC

Jennison Associates LLC reduced its holdings in shares of Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 3.7% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,608,928 shares of the company's stock after selling 61,332 shares during the quarter. Jennison Associates LLC owned 0.28% of Xcel Energy worth $113,896,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Brighton Jones LLC acquired a new stake in shares of Xcel Energy in the fourth quarter valued at about $240,000. Creative Financial Designs Inc. ADV grew its stake in Xcel Energy by 23.2% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 827 shares of the company's stock worth $56,000 after purchasing an additional 156 shares during the period. Parallel Advisors LLC grew its stake in Xcel Energy by 36.5% during the fourth quarter. Parallel Advisors LLC now owns 4,928 shares of the company's stock worth $333,000 after purchasing an additional 1,318 shares during the period. iA Global Asset Management Inc. grew its stake in Xcel Energy by 8.9% during the fourth quarter. iA Global Asset Management Inc. now owns 61,894 shares of the company's stock worth $4,179,000 after purchasing an additional 5,063 shares during the period. Finally, Lee Danner & Bass Inc. acquired a new stake in Xcel Energy during the fourth quarter worth approximately $85,000. 78.38% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

XEL has been the topic of a number of recent research reports. Wells Fargo & Company set a $78.00 target price on Xcel Energy and gave the company an "overweight" rating in a report on Friday, April 25th. Barclays boosted their target price on Xcel Energy from $72.00 to $73.00 and gave the company an "overweight" rating in a research note on Tuesday, April 22nd. BMO Capital Markets boosted their target price on Xcel Energy from $69.00 to $73.00 and gave the company a "market perform" rating in a research note on Wednesday, April 23rd. Wall Street Zen cut Xcel Energy from a "hold" rating to a "sell" rating in a research report on Tuesday, May 20th. Finally, Morgan Stanley dropped their price target on Xcel Energy from $78.00 to $77.00 and set an "equal weight" rating for the company in a research note on Wednesday, June 18th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Xcel Energy presently has a consensus rating of "Moderate Buy" and a consensus price target of $75.80.

Xcel Energy Price Performance

XEL stock traded up $0.73 during mid-day trading on Friday, reaching $70.38. The company's stock had a trading volume of 3,421,047 shares, compared to its average volume of 3,605,706. The stock has a market cap of $40.59 billion, a PE ratio of 20.70, a P/E/G ratio of 2.46 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 fifty-two week low of $55.02 and a fifty-two week high of $73.38. The company's 50 day moving average is $68.71 and its two-hundred day moving average is $68.66.

Xcel Energy (NASDAQ:XEL - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The company reported $0.84 EPS for the quarter, missing the consensus estimate of $0.95 by ($0.11). Xcel Energy had a net margin of 14.10% and a return on equity of 10.20%. The business had revenue of $3.91 billion during the quarter, compared to analysts' expectations of $3.93 billion. During the same period in the prior year, the business earned $0.88 EPS. The business's quarterly revenue was up 7.0% on a year-over-year basis. Equities research analysts expect that Xcel Energy Inc. will post 3.82 EPS for the current year.

Xcel Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Sunday, July 20th. Stockholders of record on Friday, June 13th will be paid a dividend of $0.57 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 3.24%. Xcel Energy's dividend payout ratio (DPR) is 67.06%.

Xcel Energy Company 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.