Allianz Asset Management GmbH Has $59.27 Million Stake in Xcel Energy Inc. (NASDAQ:XEL)

Allianz Asset Management GmbH trimmed its stake in Xcel Energy Inc. (NASDAQ:XEL) by 35.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 877,784 shares of the company’s stock after selling 474,640 shares during the period. Allianz Asset Management GmbH owned about 0.15% of Xcel Energy worth $59,268,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Ashton Thomas Securities LLC acquired a new stake in Xcel Energy during the 3rd quarter worth about $25,000. Sierra Ocean LLC bought a new position in shares of Xcel Energy during the 4th quarter worth about $26,000. Transcendent Capital Group LLC bought a new position in shares of Xcel Energy during the 3rd quarter worth about $33,000. Crews Bank & Trust bought a new position in shares of Xcel Energy during the 4th quarter worth about $34,000. Finally, MCF Advisors LLC boosted its position in shares of Xcel Energy by 566.3% during the 4th quarter. MCF Advisors LLC now owns 593 shares of the company’s stock worth $40,000 after purchasing an additional 504 shares in the last quarter. 78.38% of the stock is currently owned by institutional investors and hedge funds.

Xcel Energy Price Performance

Xcel Energy stock opened at $69.94 on Friday. Xcel Energy Inc. has a 52 week low of $46.79 and a 52 week high of $73.38. The company’s 50 day moving average price is $67.09 and its two-hundred day moving average price is $65.68. 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 stock has a market cap of $40.16 billion, a P/E ratio of 20.33, a P/E/G ratio of 2.62 and a beta of 0.43.

Xcel Energy (NASDAQ:XEL) last posted its 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 return on equity of 10.65% and a net margin of 14.40%. On average, equities analysts predict that Xcel Energy Inc. will post 3.82 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. Investors of record on Monday, January 6th were paid a $0.5475 dividend. The ex-dividend date of this dividend was Monday, January 6th. This represents a $2.19 annualized dividend and a yield of 3.13%. Xcel Energy’s payout ratio is 63.66%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Barclays cut their price objective on shares of Xcel Energy from $71.00 to $69.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 22nd. Morgan Stanley dropped their price target 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. KeyCorp raised their price target on shares of Xcel Energy from $74.00 to $79.00 and gave the company an “overweight” rating in a research report on Wednesday, December 4th. JPMorgan Chase & Co. raised shares of Xcel Energy from a “neutral” rating to an “overweight” rating and raised their price target for the company from $69.00 to $80.00 in a research report on Thursday, December 12th. Finally, Wells Fargo & Company raised their price target on shares of Xcel Energy from $72.00 to $75.00 and gave the company an “overweight” rating in a research report on Friday, February 7th. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, Xcel Energy has an average rating of “Moderate Buy” and an average price target of $69.91.

Xcel Energy 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.