Jennison Associates LLC Purchases 342,592 Shares of Xcel Energy Inc. (NASDAQ:XEL)

Jennison Associates LLC raised its position in Xcel Energy Inc. (NASDAQ:XEL) by 25.5% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,685,487 shares of the company’s stock after acquiring an additional 342,592 shares during the quarter. Jennison Associates LLC owned approximately 0.29% of Xcel Energy worth $110,062,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of XEL. Prospera Private Wealth LLC increased its position in shares of Xcel Energy by 21.0% during the 3rd quarter. Prospera Private Wealth LLC now owns 16,426 shares of the company’s stock valued at $1,073,000 after purchasing an additional 2,847 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in Xcel Energy during the third quarter valued at approximately $1,413,000. Banque Cantonale Vaudoise purchased a new stake in Xcel Energy during the third quarter valued at approximately $462,000. Prospera Financial Services Inc raised its position in Xcel Energy by 7.9% in the third quarter. Prospera Financial Services Inc now owns 12,974 shares of the company’s stock worth $847,000 after acquiring an additional 946 shares during the period. Finally, Meeder Asset Management Inc. boosted its stake in shares of Xcel Energy by 835.9% during the 3rd quarter. Meeder Asset Management Inc. now owns 29,602 shares of the company’s stock worth $1,933,000 after acquiring an additional 26,439 shares during the last quarter. Institutional investors own 78.38% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on XEL shares. UBS Group upped their price objective on Xcel Energy from $66.00 to $67.00 and gave the stock a “neutral” rating in a research note on Friday, September 20th. Morgan Stanley upped their price target on Xcel Energy from $68.00 to $73.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 25th. Wells Fargo & Company lifted their price objective on Xcel Energy from $63.00 to $66.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 16th. Argus raised shares of Xcel Energy from a “hold” rating to a “buy” rating and set a $68.00 target price for the company in a report on Monday, August 26th. Finally, Barclays raised their target price on shares of Xcel Energy from $57.00 to $67.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, Xcel Energy currently has an average rating of “Moderate Buy” and a consensus price target of $66.38.

Xcel Energy Stock Up 0.7 %

Shares of XEL stock opened at $70.05 on Thursday. The stock has a market cap of $40.23 billion, a P/E ratio of 20.79, a PEG ratio of 2.84 and a beta of 0.38. The company’s fifty day simple moving average is $65.13 and its two-hundred day simple moving average is $59.55. The company has a quick ratio of 0.82, a current ratio of 0.93 and a debt-to-equity ratio of 1.42. Xcel Energy Inc. has a 52 week low of $46.79 and a 52 week high of $70.42.

Xcel Energy (NASDAQ:XEL) last announced its quarterly earnings results on Thursday, October 31st. The company reported $1.25 EPS for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.01). Xcel Energy had a net margin of 13.67% and a return on equity of 10.76%. The firm had revenue of $3.64 billion for the quarter, compared to the consensus estimate of $3.93 billion. During the same period in the previous year, the company posted $1.23 earnings per share. Xcel Energy’s quarterly revenue was down .5% on a year-over-year basis. Analysts predict that Xcel Energy Inc. will post 3.55 EPS for the current fiscal year.

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.