Jennison Associates LLC lessened its holdings in shares of Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 0.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,670,260 shares of the company's stock after selling 15,227 shares during the quarter. Jennison Associates LLC owned approximately 0.29% of Xcel Energy worth $112,776,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in the business. Dakota Wealth Management raised its stake in shares of Xcel Energy by 0.7% in the 4th quarter. Dakota Wealth Management now owns 23,130 shares of the company's stock valued at $1,562,000 after acquiring an additional 151 shares in the last quarter. Integris Wealth Management LLC raised its position in shares of Xcel Energy by 2.6% in the fourth quarter. Integris Wealth Management LLC now owns 6,323 shares of the company's stock valued at $427,000 after purchasing an additional 160 shares during the period. Bond & Devick Financial Network Inc. lifted its stake in shares of Xcel Energy by 1.1% in the third quarter. Bond & Devick Financial Network Inc. now owns 15,972 shares of the company's stock worth $1,043,000 after buying an additional 168 shares during the last quarter. LRI Investments LLC boosted its holdings in shares of Xcel Energy by 5.9% during the 3rd quarter. LRI Investments LLC now owns 3,037 shares of the company's stock worth $209,000 after buying an additional 170 shares during the period. Finally, Brooklyn Investment Group grew its stake in Xcel Energy by 10.2% in the 4th quarter. Brooklyn Investment Group now owns 1,920 shares of the company's stock valued at $130,000 after buying an additional 178 shares during the last quarter. 78.38% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of research analysts have weighed in on XEL shares. KeyCorp boosted their target price on shares of Xcel Energy from $74.00 to $79.00 and gave the stock an "overweight" rating in a research report on Wednesday, December 4th. Jefferies Financial Group raised Xcel Energy from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $71.00 to $76.00 in a research report on Friday, November 1st. Morgan Stanley lowered their target price on Xcel Energy from $74.00 to $72.00 and set an "equal weight" rating on the stock in a report on Friday, November 22nd. JPMorgan Chase & Co. upgraded Xcel Energy from a "neutral" rating to an "overweight" rating and upped their price target for the stock from $69.00 to $80.00 in a report on Thursday, December 12th. Finally, Wells Fargo & Company increased their price objective on Xcel Energy from $72.00 to $75.00 and gave the company an "overweight" rating in a research report on Friday. Three investment analysts have rated the stock with a hold rating and nine have issued 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 target price of $69.91.
View Our Latest Report on Xcel Energy
Xcel Energy Stock Performance
Xcel Energy stock traded down $0.52 on Friday, hitting $66.60. The company's stock had a trading volume of 3,797,802 shares, compared to its average volume of 3,659,311. The company has a quick ratio of 0.82, a current ratio of 0.93 and a debt-to-equity ratio of 1.42. The company has a fifty day moving average price of $67.47 and a 200-day moving average price of $64.81. Xcel Energy Inc. has a one year low of $46.79 and a one year high of $73.38. The firm has a market cap of $38.24 billion, a P/E ratio of 19.76, a price-to-earnings-growth ratio of 2.54 and a beta of 0.43.
Xcel Energy (NASDAQ:XEL - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The company reported $0.81 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.06). Xcel Energy had a net margin of 13.67% and a return on equity of 10.76%. On average, equities analysts anticipate that Xcel Energy Inc. will post 3.54 earnings per share for the current year.
Xcel Energy Cuts Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 29th. Shareholders of record on Monday, January 6th were paid a dividend of $0.5475 per share. The ex-dividend date was Monday, January 6th. This represents a $2.19 annualized dividend and a yield of 3.29%. Xcel Energy's dividend payout ratio is 64.99%.
Xcel Energy Profile
(
Free Report)
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.
Further Reading
Before you consider Xcel Energy, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Xcel Energy wasn't on the list.
While Xcel Energy currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven best retirement stocks and why they should be in your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
