Xcel Energy Inc. (NASDAQ:XEL) Shares Sold by Jennison Associates LLC

Jennison Associates LLC lowered its holdings in Xcel Energy Inc. (NASDAQ:XEL) by 0.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,670,260 shares of the company’s stock after selling 15,227 shares during the period. Jennison Associates LLC owned 0.29% of Xcel Energy worth $112,776,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Panoramic Investment Advisors LLC purchased a new stake in shares of Xcel Energy during the 4th quarter valued at $201,000. Catalina Capital Group LLC increased its position in shares of Xcel Energy by 20.8% in the fourth quarter. Catalina Capital Group LLC now owns 3,982 shares of the company’s stock worth $269,000 after acquiring an additional 685 shares in the last quarter. U.S. Capital Wealth Advisors LLC raised its stake in shares of Xcel Energy by 7.0% in the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 7,968 shares of the company’s stock valued at $538,000 after acquiring an additional 522 shares during the period. Greenleaf Trust lifted its holdings in shares of Xcel Energy by 5.1% during the 4th quarter. Greenleaf Trust now owns 14,527 shares of the company’s stock valued at $981,000 after acquiring an additional 705 shares in the last quarter. Finally, Spire Wealth Management boosted its position in Xcel Energy by 2.8% during the 4th quarter. Spire Wealth Management now owns 6,867 shares of the company’s stock worth $464,000 after purchasing an additional 185 shares during the period. 78.38% of the stock is currently owned by institutional investors and hedge funds.

Xcel Energy Stock Performance

Shares of Xcel Energy stock opened at $67.75 on Tuesday. 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 1 year low of $46.79 and a 1 year high of $73.38. The firm’s 50-day simple moving average is $67.85 and its 200-day simple moving average is $64.61. The firm has a market cap of $38.90 billion, a PE ratio of 20.10, a price-to-earnings-growth ratio of 2.54 and a beta of 0.43.

Xcel Energy Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 29th. Shareholders of record on Monday, January 6th were issued a dividend of $0.5475 per share. This represents a $2.19 dividend on an annualized basis and a yield of 3.23%. The ex-dividend date of this dividend was Monday, January 6th. Xcel Energy’s dividend payout ratio is presently 64.99%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on XEL shares. Jefferies Financial Group upgraded 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 note on Friday, November 1st. Wells Fargo & Company raised Xcel Energy from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $70.00 to $72.00 in a research report on Monday, January 13th. JPMorgan Chase & Co. raised shares of Xcel Energy from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $69.00 to $80.00 in a research report on Thursday, December 12th. Morgan Stanley reduced their target price on shares of Xcel Energy from $74.00 to $72.00 and set an “equal weight” rating on the stock in a research report on Friday, November 22nd. Finally, Barclays lowered their price target on shares of Xcel Energy from $71.00 to $69.00 and set an “overweight” rating for the company in a report on Wednesday, January 22nd. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $69.64.

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.