Assenagon Asset Management S.A. Raises Holdings in Xcel Energy Inc. (NASDAQ:XEL)

Assenagon Asset Management S.A. boosted its stake in shares of Xcel Energy Inc. (NASDAQ:XELFree Report) by 196.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 144,327 shares of the company’s stock after acquiring an additional 95,656 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Xcel Energy were worth $8,258,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in Xcel Energy by 2.6% during the 1st quarter. Vanguard Group Inc. now owns 50,043,375 shares of the company’s stock valued at $3,611,630,000 after acquiring an additional 1,263,127 shares during the period. BlackRock Inc. boosted its holdings in Xcel Energy by 0.7% during the 2nd quarter. BlackRock Inc. now owns 50,000,954 shares of the company’s stock valued at $3,108,559,000 after acquiring an additional 362,792 shares during the period. State Street Corp boosted its holdings in Xcel Energy by 0.6% during the 2nd quarter. State Street Corp now owns 29,836,394 shares of the company’s stock valued at $1,870,325,000 after acquiring an additional 172,477 shares during the period. Geode Capital Management LLC boosted its holdings in Xcel Energy by 3.4% during the 2nd quarter. Geode Capital Management LLC now owns 12,671,363 shares of the company’s stock valued at $786,477,000 after acquiring an additional 419,776 shares during the period. Finally, T. Rowe Price Investment Management Inc. purchased a new stake in Xcel Energy during the 4th quarter valued at about $576,873,000. 77.83% of the stock is currently owned by hedge funds and other institutional investors.

Xcel Energy Stock Up 0.5 %

Xcel Energy stock opened at $59.66 on Tuesday. The stock has a market capitalization of $32.92 billion, a PE ratio of 18.59, a price-to-earnings-growth ratio of 2.76 and a beta of 0.41. Xcel Energy Inc. has a 12 month low of $53.73 and a 12 month high of $71.96. The business has a 50 day simple moving average of $61.30 and a 200-day simple moving average of $60.02. The company has a debt-to-equity ratio of 1.44, a current ratio of 0.87 and a quick ratio of 0.73.

Xcel Energy (NASDAQ:XELGet Free Report) last issued its quarterly earnings results on Thursday, January 25th. The company reported $0.83 EPS for the quarter, missing the consensus estimate of $0.85 by ($0.02). The firm had revenue of $3.44 billion for the quarter, compared to analysts’ expectations of $4.01 billion. Xcel Energy had a return on equity of 10.88% and a net margin of 12.47%. The firm’s revenue for the quarter was down 15.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.69 earnings per share. On average, analysts anticipate that Xcel Energy Inc. will post 3.57 EPS for the current fiscal year.

Xcel Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Saturday, January 20th. Shareholders of record on Thursday, December 28th were paid a $0.52 dividend. The ex-dividend date was Wednesday, December 27th. This represents a $2.08 annualized dividend and a yield of 3.49%. Xcel Energy’s dividend payout ratio is presently 64.80%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on XEL shares. StockNews.com raised shares of Xcel Energy from a “sell” rating to a “hold” rating in a research report on Sunday, November 5th. Barclays dropped their price target on shares of Xcel Energy from $62.00 to $61.00 and set an “equal weight” rating on the stock in a research note on Monday. Mizuho decreased their target price on Xcel Energy from $69.00 to $62.00 and set a “buy” rating for the company in a research report on Tuesday, October 24th. Morgan Stanley upped their price target on shares of Xcel Energy from $58.00 to $59.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 21st. Finally, Wells Fargo & Company upped their price target on shares of Xcel Energy from $63.00 to $64.00 and gave the company an “equal weight” rating in a research report on Friday. Eight equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Xcel Energy currently has an average rating of “Hold” and an average target price of $64.91.

Read Our Latest Report on XEL

Xcel Energy Company Profile

(Free Report)

Xcel Energy Inc, through its subsidiaries, generates, purchases, transmits, distributes, and sells electricity. It operates through Regulated Electric Utility, Regulated Natural Gas Utility, and All Other segments. The company generates electricity through coal, nuclear, natural gas, hydroelectric, solar, biomass, oil, wood/refuse, and wind energy sources.

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Institutional Ownership by Quarter for Xcel Energy (NASDAQ:XEL)

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