Jennison Associates LLC Has $110.06 Million Position in Xcel Energy Inc. (NASDAQ:XEL)

Jennison Associates LLC boosted its holdings in shares of Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 25.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,685,487 shares of the company's stock after buying an additional 342,592 shares during the quarter. Jennison Associates LLC owned approximately 0.29% of Xcel Energy worth $110,062,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Integris Wealth Management LLC lifted its stake in shares of Xcel Energy by 2.7% during the 3rd quarter. Integris Wealth Management LLC now owns 6,163 shares of the company's stock worth $402,000 after buying an additional 163 shares during the last quarter. Bond & Devick Financial Network Inc. boosted its holdings in shares of Xcel Energy by 1.1% during the third quarter. Bond & Devick Financial Network Inc. now owns 15,972 shares of the company's stock worth $1,043,000 after acquiring an additional 168 shares during the period. Gateway Wealth Partners LLC grew its position in shares of Xcel Energy by 4.3% in the second quarter. Gateway Wealth Partners LLC now owns 4,413 shares of the company's stock valued at $236,000 after purchasing an additional 182 shares during the last quarter. Sumitomo Life Insurance Co. increased its stake in shares of Xcel Energy by 2.9% during the third quarter. Sumitomo Life Insurance Co. now owns 6,591 shares of the company's stock worth $430,000 after purchasing an additional 183 shares during the period. Finally, Dakota Wealth Management lifted its holdings in Xcel Energy by 0.9% during the 3rd quarter. Dakota Wealth Management now owns 22,979 shares of the company's stock worth $1,500,000 after purchasing an additional 205 shares during the last quarter. Institutional investors and hedge funds own 78.38% of the company's stock.

Xcel Energy Trading Up 0.7 %

Shares of XEL opened at $70.05 on Thursday. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.82 and a current ratio of 0.93. Xcel Energy Inc. has a 52-week low of $46.79 and a 52-week high of $70.42. The firm has a market cap of $40.23 billion, a price-to-earnings ratio of 20.79, a PEG ratio of 2.84 and a beta of 0.38. The business's fifty day moving average is $65.13 and its 200-day moving average is $59.55.

Xcel Energy (NASDAQ:XEL - Get Free Report) last issued its earnings results on Thursday, October 31st. The company reported $1.25 EPS for the quarter, missing the consensus estimate of $1.26 by ($0.01). Xcel Energy had a return on equity of 10.76% and a net margin of 13.67%. The business had revenue of $3.64 billion for the quarter, compared to analyst estimates of $3.93 billion. During the same period in the previous year, the firm posted $1.23 EPS. The firm's revenue was down .5% compared to the same quarter last year. Equities analysts anticipate that Xcel Energy Inc. will post 3.55 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Morgan Stanley increased their price objective on Xcel Energy from $68.00 to $73.00 and gave the stock an "equal weight" rating in a research report on Wednesday, September 25th. Argus upgraded shares of Xcel Energy from a "hold" rating to a "buy" rating and set a $68.00 price objective for the company in a research note on Monday, August 26th. KeyCorp increased their target price on shares of Xcel Energy from $69.00 to $74.00 and gave the stock an "overweight" rating in a research report on Friday, November 1st. Jefferies Financial Group raised shares of Xcel Energy from a "hold" rating to a "buy" rating and raised their target price for the stock from $71.00 to $76.00 in a report on Friday, November 1st. Finally, UBS Group increased their price target on Xcel Energy from $66.00 to $67.00 and gave the stock a "neutral" rating in a research report on Friday, September 20th. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $66.38.

About Xcel Energy

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.