Jennison Associates LLC Has $89.86 Million Stock Holdings in Xcel Energy Inc. (NASDAQ:XEL)

Jennison Associates LLC grew its position in Xcel Energy Inc. (NASDAQ:XEL) by 184.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,451,483 shares of the company’s stock after purchasing an additional 942,097 shares during the period. Jennison Associates LLC’s holdings in Xcel Energy were worth $89,861,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Asset Management One Co. Ltd. boosted its stake in shares of Xcel Energy by 2.6% in the 4th quarter. Asset Management One Co. Ltd. now owns 298,074 shares of the company’s stock valued at $18,448,000 after purchasing an additional 7,679 shares in the last quarter. Pacer Advisors Inc. boosted its stake in shares of Xcel Energy by 47.7% in the 4th quarter. Pacer Advisors Inc. now owns 115,016 shares of the company’s stock valued at $7,121,000 after purchasing an additional 37,131 shares in the last quarter. Seven Eight Capital LP boosted its stake in shares of Xcel Energy by 930.5% in the 3rd quarter. Seven Eight Capital LP now owns 45,918 shares of the company’s stock valued at $2,627,000 after purchasing an additional 41,462 shares in the last quarter. First Bank & Trust boosted its stake in shares of Xcel Energy by 66.8% in the 4th quarter. First Bank & Trust now owns 70,404 shares of the company’s stock valued at $4,359,000 after purchasing an additional 28,187 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of Xcel Energy by 15.6% in the 3rd quarter. Vanguard Group Inc. now owns 64,062,856 shares of the company’s stock valued at $3,665,677,000 after purchasing an additional 8,644,054 shares in the last quarter. Institutional investors and hedge funds own 78.38% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on XEL shares. Wolfe Research upgraded shares of Xcel Energy from a “peer perform” rating to an “outperform” rating and set a $58.00 price target on the stock in a research report on Monday, March 11th. JPMorgan Chase & Co. reduced their price target on shares of Xcel Energy from $68.00 to $59.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 13th. Wells Fargo & Company upped their price target on shares of Xcel Energy from $63.00 to $64.00 and gave the stock an “equal weight” rating in a research report on Friday, January 26th. TheStreet downgraded shares of Xcel Energy from a “b-” rating to a “c+” rating in a research report on Thursday, March 14th. Finally, StockNews.com downgraded shares of Xcel Energy from a “hold” rating to a “sell” rating in a research report on Saturday. One analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $62.83.

Xcel Energy Price Performance

NASDAQ XEL opened at $54.96 on Tuesday. The business has a 50 day simple moving average of $54.08 and a 200 day simple moving average of $58.15. Xcel Energy Inc. has a 52-week low of $46.79 and a 52-week high of $71.32. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.59 and a current ratio of 0.72. The stock has a market cap of $30.53 billion, a price-to-earnings ratio of 17.12, a PEG ratio of 2.55 and a beta of 0.36.

Xcel Energy (NASDAQ:XEL) last posted its earnings results on Thursday, January 25th. The company reported $0.83 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.02). Xcel Energy had a return on equity of 10.78% and a net margin of 12.47%. The business had revenue of $3.44 billion for the quarter, compared to the consensus estimate of $4.01 billion. During the same period in the previous year, the company posted $0.69 earnings per share. Xcel Energy’s revenue for the quarter was down 15.1% compared to the same quarter last year. Analysts anticipate that Xcel Energy Inc. will post 3.56 earnings per share for the current fiscal year.

Xcel Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Saturday, April 20th. Shareholders of record on Friday, March 15th were issued a dividend of $0.548 per share. This is an increase from Xcel Energy’s previous quarterly dividend of $0.52. The ex-dividend date was Thursday, March 14th. This represents a $2.19 annualized dividend and a yield of 3.99%. Xcel Energy’s dividend payout ratio (DPR) is currently 68.22%.

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.